Capitol Bancorp Declares 63rd Consecutive Quarterly Cash Dividend.LANSING, Mich., and PHOENIX, April 24 /PRNewswire-FirstCall/ -- The Board of Directors of Capitol Bancorp Limited today announced the Corporation's 63rd consecutive quarterly cash dividend. The dividend declared today of $0.15 per common share is payable June 2, 2008, to shareholders of record as of May 9, 2008.
The Corporation opened two community banks in the states of Colorado and Missouri during the first quarter of 2008. Additionally, Capitol Bancorp currently has applications pending for six 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, 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. , Ohio and Oklahoma.
About Capitol Bancorp Limited
Capitol Bancorp Limited is a $5.1 billion national community bank development company, with a network of 62 separately chartered banks and bank operations in 17 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 “Lansing” redirects here. For other uses, see Lansing (disambiguation).
Lansing is the capital city of the U.S. state of Michigan, and the state's sixth largest city. , and Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. .
CONTACT: Michael M. Moran, Chief of Capital Markets, 1-877-884-5662 or Stephanie Swan, Director of Shareholder Services, +1-517-372-7402, both of Capitol Bancorp Limited
Web site: http://www.capitolbancorp.com/