Capitol Bancorp Declares 61st Consecutive Quarterly Cash Dividend.LANSING, Mich., and PHOENIX, Oct. 25 /PRNewswire-FirstCall/ -- The Board of Directors of Capitol Bancorp Limited today announced the Corporation's 61st consecutive quarterly cash dividend. The dividend declared today of $0.25 per common share is payable December 3, 2007, to shareholders of record as of November 8, 2007.
Capitol Bancorp's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Joseph D. Reid, said "As we move forward with strategic expansion plans, we remain dedicated to delivering results to our shareholders through the current dividend level. We continue to focus on enhancing long-term value through our geographic diversification initiatives."
The Corporation has opened seven community banks in the states of California, Colorado, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Oregon and Washington during 2007. Additionally, Capitol Bancorp currently has applications pending for twelve de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. community banks in Arizona, California, Colorado, Missouri, Nebraska, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures
Area, 52,586 sq mi (136,198 sq km). Pop. , Oklahoma and Texas.
About Capitol Bancorp Limited
Capitol Bancorp Limited is a $4.7 billion national community bank development company, with a network of more than 50 separately chartered banks and bank operations in 16 states. It has the distinction of having 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.
CONTACT: Stephanie Swan, Director of Shareholder Services, +1-517-372-7402, or Michael M. Moran, Chief of Capital Markets, +1-877-884-5662, both of Capitol Bancorp Limited
Web site: http://www.capitolbancorp.com/