September 16, 2014 5:53 AM ET

Banks

Company Overview of Capitol Bancorp, Ltd.

Company Overview

On February 3, 2014, Capitol Bancorp Ltd. went out of business under Chatper 11 liquidation as per its bankruptcy filing. Capitol Bancorp Ltd., a bank holding company, provides banking, trust, and other financial products and services in the United States. Its products and services include commercial banking, trust services, mortgage origination and servicing, equipment leasing, brokerage and investment advisory services, property and casualty insurance, life insurance and annuity products, and portfolio management services. The company’s banking subsidiaries provide various deposit products; and loans, including commercial, consumer, residential mortgage and construction loans to individual...

Capitol Bancorp Center

200 North Washington Square

Lansing, MI 48933

United States

Founded in 1985

580 Employees

Phone:

517-487-6555

Key Executives for Capitol Bancorp, Ltd.

Capitol Bancorp, Ltd. does not have any Key Executives recorded.

Capitol Bancorp, Ltd. Key Developments

David O'Leary Resigns as Secretary and Member of Board of Directors

On August 23, 2013, Capitol Bancorp, Ltd. accepted the resignation of David O'Leary, who has resigned from service as the Secretary and a member of the board of directors.

The Federal Deposit Insurance Corp. Closes Another Capitol Bancorp Bank

The Federal Deposit Insurance Corp. has closed another bank owned by Capitol Bancorp LTD, that owns Sunrise Bank of Albuquerque.

Capitol Bancorp, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2012

Capitol Bancorp, Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net loss of $1,672,000, net loss attributable to the company was $1,550,000 or $0.04 per basic and diluted share on total interest income was $18,252,000 against net loss of $6,878,000, net loss attributable to the company was $6,516,000 or $0.16 per basic and diluted share on total interest income was $21,417,000 a year ago. Loss before income tax benefit was $1,838,000 compared to $6,744,000 a year ago. Loss from continuing operations was $1,682,000 compared to $6,814,000 a year ago. For the full year, the company reported net loss of $27,425,000, net loss attributable to the company was $25,474,000 or $0.62 per basic and diluted share on total interest income was $77,626,000 against net loss of $51,926,000, net loss attributable to the company was $45,427,000 or $1.17 per basic and diluted share on total interest income was $94,720,000 a year ago. Loss before income tax benefit was $27,597,000 compared to $56,304,000 a year ago. Loss from continuing operations was $27,445,000 compared to $52,971,000 a year ago. Book value deficit for the period was $3.37 per common share against $2.76 per common share a year ago. The company announced net charge-offs was $1,847,000.

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