Lansing-based family bank, Capitol Bancorp Limited,
recently opened a new branch in Texas. This year, Capitol Bancorp
Limited has expanded outside of Michigan to open affiliate banks in
Arizona and Texas, and is now the largest holder
of individual bank charters in the U.S.
According to excerpts from the article:
Capitol Bancorp Limited (NYSE:CBC), a $4.7 billion
national community bank development company, announced today that it has opened
its first de novo community bank in Texas. Bank of Fort Bend is located 25
miles southwest of Houston, in Sugar Land. Capitol Bancorp, the largest holder
of individual bank charters in the U.S., has a total of 59 separately chartered
community banks in 17 states.
Capitol Bancorp has a strong foothold in the Southwest.
The company has five banks in Nevada, nine in Arizona and one in New Mexico.
Including Bank of Fort Bend, Capitol Bancorp has opened ten de novo community
banks in 2007 and currently has applications pending for 8 de novo banks in 5
states.
"Capitol Bancorp's expansion into Texas is a
continuation of our plans for strategic national growth and an enhancement of
the growth that the Corporation already has in this new region," said
Capitol Bancorp's Chairman and CEO Joseph D. Reid. "The Texas market presents
a great deal of opportunity. Based on the local Sugar Land marketplace and the
bank's leadership, we believe this will be a very desirable addition to the
local business environment."
The Bank of Fort Bend will be servicing a
full suite of products and services for Sugar Land small-business owners,
commercial real estate owners and entrepreneurs.
Read the entire article here.
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