Capitol Bancorp Center
200 Washington Sq. North
Lansing, MI 48933

2777 East Camelback Road
Suite 375
Phoenix, AZ 85016

Analyst Contact:
Michael M. Moran
Chief of Capital Markets
877-884-5662

Media Contact:
Joal Redmond
Corporate Communications
602-977-3797

LANSING, Mich., and PHOENIX: Oct. 20, 2006: Capitol Bancorp Limited (NYSE:CBC) will be a featured presenter at the Sanders Morris Harris Middle Market Investor Growth Conference in New York on Monday, October 23.

Joseph D. Reid, Capitol Bancorp's Chairman and CEO, and Michael M. Moran, Capitol Bancorp's Chief of Capital Markets, will provide an overview of the company's unique operating model, financial performance and strategic growth initiatives to institutional investors, money managers and analysts.

Capitol Bancorp, a community bank development company, recently opened its fifth de novo community bank in Nevada, bringing the total of separately chartered community banks in the Capitol Bancorp network to 49. The Corporation has opened eight community banks during 2006 and currently has applications pending for four de novo banks in California, Colorado, Ohio and Washington.

About Capitol Bancorp Limited
Capitol Bancorp Limited (NYSE: CBC) is a $3.9 billion national community bank development company, with a network of 49 separately chartered banks and bank operations in 14 states. It is the holder of the most individual bank charters in the country. Capitol Bancorp Limited identifies opportunities for the development of new community banks, raises capital for and mentors new community banks through their formative stages, and provides efficient services to its growing network of community banks. Each community bank has full local decision-making authority and is managed by an on-site president under the direction of a local board of directors, composed of business leaders from the bank's community. Founded in 1988, Capitol Bancorp Limited has executive offices in Lansing, Michigan, and Phoenix, Arizona.