Capitol Bancorp Reiterates Development Initiatives at Annual Meeting

LANSING, Mich. and PHOENIX, April 27 /PRNewswire-FirstCall/ -- At the 19th annual meeting of shareholders of Capitol Bancorp Limited on Wednesday, April 25, 2007, Chairman Joseph D. Reid reported on future plans to expand the Corporation's growth initiatives into Nebraska, New York, Oklahoma, Oregon and Texas. Additional bank development is underway in Arizona, California, Colorado, Missouri, North Carolina, Ohio and Washington. During the first quarter of 2007, Capitol Bancorp opened two new community banks: Bank of Tacoma in Washington and Sunrise Community Bank in Palm Desert, California.

In other business, shareholders elected the 22 nominees to the Corporation's Board of Directors and also approved the proposal to adopt the Capitol Bancorp Limited 2007 Equity Incentive Plan.

About Capitol Bancorp Limited

Capitol Bancorp Limited is a $4.3 billion national community bank development company, with a network of more than 50 separately chartered banks and bank operations in 14 states. It is the holder of the most individual bank charters in the country. Capitol Bancorp Limited identifies opportunities for the development of new community banks, raises capital for and mentors new community banks through their formative stages, and provides efficient services to its growing network of community banks. Each community bank has full local decision-making authority and is managed by an on-site president under the direction of a local board of directors, composed of business leaders from the bank's community. Founded in 1988, Capitol Bancorp Limited has executive offices in Lansing, Michigan, and Phoenix, Arizona.