Sep. 21, 2009 (PR Newswire) --

LANSING, Mich. and PHOENIX, Sept. 21 /PRNewswire-FirstCall/ -- Capitol Bancorp Limited (NYSE: CBC) announced that it has completed the sale of Yuma Community Bank to The Foothills Bank, an Arizona-based community bank, effective today.

Capitol's Chairman and CEO Joseph D. Reid said, "We are pleased to have completed this strategic divestiture. As previously announced, proceeds received from the sale will assist Capitol in its efforts to better allocate capital and resources within the organization."

About Capitol Bancorp Limited

Capitol Bancorp Limited (NYSE: CBC) is a $5.6 billion national community banking company, with a network of separately chartered banks in 17 states. It is the holder of the most individual bank charters in the country. Founded in 1988, Capitol Bancorp Limited has executive offices in Lansing, Michigan, and Phoenix, Arizona.

SOURCE Capitol Bancorp Limited