Lansing-based Capitol Bancorp bank is adding its first
community bank in Nebraska, continuing a recent expansion that includes adding
branches in Arizona. Capitol Bancorp is a $4.7 billion community bank
development company.
According to excerpts from the article:
The new Community Bank of Lincoln brings the total number
of separately chartered community banks in the Capitol Bancorp network to 58 in
16 states across the country. Including Community Bank of Lincoln, Capitol
Bancorp has opened nine de novo community banks in 2007 and currently has
applications pending for 10 de novo banks in six states.
"Capitol Bancorp's entry into Nebraska is part of
the execution of our strategic plan to diversify the Corporation
geographically," said Capitol Bancorp's Chairman and CEO Joseph D. Reid.
"We see tremendous opportunity for Community Bank of Lincoln. Based on the
initial response from local investors and the community at large, we believe
that the bank's team of experienced, local bankers will flourish in the growing
Lincoln economy."
Read the entire article here.
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