Lansing-based Capitol Bancorp Limited recently opened its
eighth community bank in California. The $4.7 billion company also has banks in
San Francisco, Santa Barbara, San Diego, Napa, Palm Desert and Escondido.
According to excerpts from the article:
Including the opening of Bank of Feather River, Capitol
Bancorp has 57 individually chartered community banks across the nation.
Capitol Bancorp has opened eight de novo community banks in 2007, including
Sunrise Community Bank in Palm Desert, and currently has applications pending
for 11 de novo banks in seven states.
"As Capitol Bancorp continues to execute its plans
for strategic national growth and geographic diversification, we maintain our
focus on regions such as California, where our existing banks are enjoying
positive growth," said Capitol Bancorp Chairman and CEO Joseph D. Reid.
"Bank of Feather River will be an excellent addition to the local business
environment, with its outstanding bank leadership and experienced staff focused
on providing the utmost in customer service."
The Bank of Feather River will be servicing a full suite
of products and services for Yuba City small-business owners, commercial real
estate owners and entrepreneurs.
Leading Bank of Feather River as President is Richard
Veale, who has 36 years of banking experience, predominantly in northern
California. Veale holds an associate's degree from Sierra College and a
bachelor's degree in business administration from Chico State College.
Read the entire article here.
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