Capitol Completes USNY Bank Sale

Barba, Robert
August 2010
American Banker;8/25/2010, Vol. 175 Issue 131, p6
Trade Publication
The author reports on the bank Capitol Bancorp Ltd.'s sale of its share of USNY Bank Inc.


Related Articles

  • Capitol to Divest N.Y. Bank Stake. Barba, Robert // American Banker;3/16/2010, Vol. 175 Issue 40, p5 

    This article notes that the bank development company Capitol Bancorp Ltd. announced on March 15, 2010 that it will sell its 51 percent interest in USNY Bank of Geneva, New York, with comments included from Capitol Bancorp chief executive officer (CEO) Joseph D. Reid.

  • Capitol to Unload Colo. Unit In Second Deal of the Week. Barba, Robert // American Banker;12/18/2009, Vol. 174 Issue F318, p5 

    The author reports that Capital Bancorp Ltd. will sell Mountain View Bank of Commerce to Cherry Hills Founders Group. Capital has made seven such deals since May 2009 to build capital to support its bank units. Capital is using this business strategy to help limit its exposure to poor economic...

  • Unloading Continues at Capitol. Barba, Robert // American Banker;7/17/2009, Vol. 174 Issue 136, p4 

    The author reports on actions that Capitol Bancorp Ltd. is taking in selling some of its businesses. One business that Capitol Bancorp has decided to sell is Community Bank of Rowan. The author states that Capitol Bancorp has decided to sell some of its businesses due to credit problems they are...

  • Capitol's Latest Reversal: Local Partners Buy It Out. Barba, Robert // American Banker;7/10/2009, Vol. 174 Issue 131, p1 

    The article discusses the decision by Capitol Bancorp Ltd. to sell its share in the Bank of Belleville. Actions that Capitol has taken in the past in investing money in local banks are discussed. Comments by financial analyst Daniel Cardenas regarding Capitol's decision to sell its stake in the...

  • Capitol Takes Step Back From Its Michigan Roots. Barba, Robert // American Banker;4/1/2008, Vol. 173 Issue 62, p1 

    The author reports on plans by Capitol Bancorp Ltd. to cut its operations in its home state of Michigan in an attempt to expand throughout the U.S. The author states that Capitol has sold four of its branches in Michigan to Northstar Financial Group Inc. Problems which Capitol has been having in...

  • Complex story lies behind $1 sale of 1st Commerce Bank. Edwards, John G. // Las Vegas Business Press (10712186);11/15/2010, Vol. 27 Issue 46, pP4 

    The article reveals the sale of 1st Commerce Bank of North Las Vegas, Nevada by holding company Capitol Bancorp of Michigan to Jason Awad, chairman of Business Bank, for one dollar. It says that Capitol Bancorp is selling the bank to Awad for recapitalization and to make it strong and viable in...

  • Capitol in a 10th Divestiture Deal. Barba, Robert // American Banker;1/19/2010, Vol. 175 Issue 9, p8 

    The article reports that the bank holding company Capitol Bancorp Ltd. announced it was selling its 51 percent interest in the Bank of Los Colinas in Irving, Texas in a stock redemption agreement. It was the 10th bank in which Capitol has sold its interest since May, 2009, as loan losses have...

  • Mich. Bank Finally Gets Ga. Toehold. Reosti, John // American Banker;2/3/2005, Vol. 170 Issue 23, p1 

    Reports that Capital Bancorp Ltd. of Lansing, Michigan, is buying a 51% stake in Peoples State Bank in Jeffersonville, Georgia. Opportunity to expand into Atlanta, a market it has long coveted; Importance of qualifiying as a Georgia holding company because out-of-state banking companies cannot...

  • Hometown banks relying on boards to refer business. Whiteman, Louis // American Banker;3/26/1998, Vol. 163 Issue 58, p6 

    Looks at how Capitol Bancorp honors a member of its 12 subsidiary banks every quarter. Information on community bankers relying on directors; Comments from Ed Scharlau, chairman of Busey Bank.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics