Effective January 1, 2009, Capitol Bancorp Ltd. ("Capitol") retrospectively adopted Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements-An Amendment of ARB No. 51" ("FAS 160"), which resulted in the reclassification of minority interests in consolidated subsidiaries to a new noncontrolling interests component of equity.

Exhibit 99 to this Current Report on Form 8-K includes the information initially presented under Item 6 - Selected Financial Data, Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 8 - Financial Statements and Supplementary Data as presented in Capitol's Annual Report on Form 10-K for the year ended December 31, 2008 filed with the Securities and Exchange Commission on March 12, 2009 (the "2008 Form 10-K").
Each such item has been revised to reflect the retrospective adoption of FAS 160.

The information in Exhibit 99 to this Current Report on Form 8-K does not reflect events or developments that occurred after March 11, 2009, and does not modify or update the disclosures in the 2008 Form 10-K in any way, other than to reflect the adoption of FAS 160 as described above (and the merger of nine wholly-owned banks effective March 31, 2009, which had no effect on Capitol's consolidated financial statements). The information in Exhibit 99 to this Current Report on Form 8-K should be read in conjunction with the 2008 Form 10-K and any documents filed by Capitol under the Securities Exchange Act of 1934, as amended, subsequent to March 11, 2009.

(d) Exhibits

Exhibit No. Description

23          Consent of BDO Seidman, LLP.

99          Revised Selected Consolidated Financial Data, Revised Management's
            Discussion and Analysis of Capitol's Business, Financial Condition and
            Results of Operations, and Consolidated Financial Statements and
            Supplementary Data as of December 31, 2008 and 2007 and for each of the
            three years in the period ended December 31, 2008, as adjusted.