Item 7.01. Regulation FD Disclosure.
On May 5, 2009, Capitol Bancorp Ltd. announced that it has entered into a
definitive agreement to sell Yuma Community Bank, a $72.3 million wholly-owned
affiliate in Arizona, to The Foothills Bank, a Yuma-based community bank, for
total cash consideration approximating $10.5 million. The transaction, which is
subject to regulatory approval, is expected to be completed sometime during the
second half of 2009. The announcement is attached as Exhibit 99.1 to this Item
7.01.
Add
CBC to Portfolio
Set Alert
Email to a
Friend