Capitol Bancorp Completes Divestiture of Interest in Adams Dairy Bank (CBC)

Capitol Bancorp Limited (NYSE:

) announced today that it has completed the sale of its 51 percent interest in Adams Dairy Bank. Capitol's Chairman and CEO Joseph D. Reid said, "We are pleased with the progress of our widely publicized divestiture program. This sale is the eighth transaction to be completed, enabling Capitol to redeploy capital to those affiliates challenged by the economy." At June 30, 2010, Adams Dairy Bank had total assets of approximately $46 million.