PR Newswire: news distribution, targeting and monitoring
2014

Capitol Bancorp Completes the Divestiture of Its Interest in Texas-based Bank of Las Colinas

Share with Twitter Share with LinkedIn

LANSING, Mich. and PHOENIX, Oct. 27, 2011 /PRNewswire/ -- Capitol Bancorp Limited (OTCQB: CBCR) announced today that it has completed the sale of its interest in Bank of Las Colinas.  

Capitol's Chairman and CEO Joseph D. Reid said, "Under the direction of President Gerold Hooker, the Bank of Las Colinas team has developed a community banking niche in the Irving market.  On behalf of Capitol, I wish the bank continued success for years to come."

The completion of this transaction, coupled with the prior divestiture of Bank of Fort Bend, constitutes Capitol's exit from the Texas market and the collective divestitures of nearly $84 million within the state.

"This is our third successful divestiture this month, and twenty-first overall, furthering our continued deleveraging and capital reallocation initiatives," commented Reid.  

About Capitol Bancorp Limited

Capitol Bancorp Limited is a national community banking company with a network of separately chartered banks in 11 states. Founded in 1988, Capitol Bancorp Limited has executive offices in Lansing, Michigan, and Phoenix, Arizona.

www.capitolbancorp.com

SOURCE Capitol Bancorp Limited



RELATED LINKS
http://www.capitolbancorp.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release