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Home > Company Index > Banking > Banking - Midwest > Capitol Bancorp Ltd.

Capitol Bancorp Ltd.
Nasdaq: CBCL
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 PROFILE
Capitol Bancorp is the holding company for more than 25 community banks (many of them recent start-ups) in Arizona, California, Indiana, Michigan, Nevada, and New Mexico. Targeting primarily local business customers and high net-worth individuals, the banks offer such retail services as checking and savings accounts, demand accounts, and CDs. Commercial real estate loans make up more than 60% of Capitol Bancorp's loan portfolio, which also includes business (23%), residential mortgage, and consumer loans. Capitol's southwestern banks are managed through subsidiary Sun Community Bancorp, which has gone public; Capitol retained a 50% stake. The company is planning further expansion.

 COMPETITION
BANK ONE CORPORATION (ONE)
Republic Bancorp Inc. (RBNC)
Wells Fargo & Company (WFC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 138.40
1-Yr. Sales Growth: 40.8%
Employees: 517
Revenue per employee: $267,698.26

 KEY PEOPLE
• Joseph D. Reid
    CEO
• Lee W. Hendrickson
    CFO

 CONTACT INFO
1 Business and Trade Center
Lansing, MI 48933
US
Phone: 517-487-6555
Fax: 517-374-2576
Online: Web Site

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