/PRNewswire-FirstCall/ -- Capitol Bancorp Limited (NYSE: CBC) announced today that it has completed the sale of its 51 percent interest in USNY Bank.
Capitol's Chairman and CEO
Joseph D. Reid
said, "We are pleased to complete this sale, which has unlocked additional capital that will be utilized to support our affiliate network."
June 30, 2010
, USNY Bank had total assets of approximately
About Capitol Bancorp Limited
Capitol Bancorp Limited
(NYSE: CBC) is a
national community banking company, with a network of separately chartered banks in 14 states. Founded in 1988, Capitol Bancorp Limited has executive offices in
Forward Looking Statement
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SOURCE Capitol Bancorp Limited