| Business Summary | | Capitol
Bancorp
Limited
and
its
affiliates
provide
a
full
range
of
banking
services
to
individuals,
businesses
and
other
customers
located
in
their
respective
communities.
Each
of
the
banks
generally
operate
from
a
single
location
and
focus
their
activities
on
meeting
the
various
credit
and
other
banking
needs
of
entrepreneurs,
professionals
and
other
high
net
worth
individuals.
A
variety
of
deposit
products
are
offered,
including
checking,
savings,
money
market,
individual
retirement
accounts
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBCL
is
a
multibank
bank
holding
company
for
26
community
banks,
with
locations
in
six
states.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
26%
to
$76.7
million.
Net
interest
income
after
loan
loss
provision
rose
26%
to
$34.8
million.
Net
income
rose
37%
to
$5
million.
Net
interest
income
reflects
loan
growth
and
higher
interest
margins.
Earnings
benefitted
from
an
increase
in
service
charges
and
residential
mortgage
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Reid, 58 Chairman,
CEO, Pres, Director | $943K | -- | Lee Hendrickson, 45 CFO,
Exec. VP | 232K | -- | Paul Ballard, 51 Exec.
VP, Pres & CEO, Portage Commerce Bank | 219K | $8.4K | David Dutton, 50 Exec.
VP, CIO | -- | -- | William Rheaume, 59 Exec.
VP, Sr. Counsel | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|