The Capitol Bancorp Limited community bank network began in March of 1988 when it acquired Capitol National Bank in Lansing, Michigan. Since then, 43 individually chartered community banks have been added to the company. As of May 2006, the Corporation has 13 banks in Michigan, ten banks in Arizona, three banks in Indiana, four banks in Nevada, six in California, two in North Carolina and one in each of the following states:New Mexico, Washington, Georgia, Colorado, Illinois, and Missouri. Capitol also has established LPO authority in Texas. Capitol Bancorp Limited was established in March 1988 as a one-bank holding company acquiring 100% of the outstanding stock of Capitol National Bank in Lansing, MI. Capitol National Bank had been operating as a community bank in the Lansing area since 1982. It was organized as a new bank by the same individuals who started Capitol Bancorp Limited. Portage Commerce Bank, located in Portage, Michigan, open since 1987, was acquired by Capitol Bancorp Limited in July of 1990. It was originally organized by several of the same individuals who started Capitol Bancorp Limited.
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