SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): January 14, 2000
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(January 10, 2000)
CAPITOL BANCORP LTD.
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(Exact name of Registrant as specified in its charter)
Michigan 33-24728C 38-2761672
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(State or other (Commission (IRS Employer
jurisdiction of file number) identification
incorporation) number)
One Business & Trade Center
200 Washington Square North
Lansing, Michigan 48933
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(address of principal executive offices)
(517) 487-6555
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(registrant's telephone number, including area code)
Not Applicable
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(former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
Registrant, at its option, is reporting the following matter which it considers
to be of importance to security holders:
Capitol Bancorp's chairman and CEO, Joseph D. Reid, announced an expansion of
Capitol's bank development strategy. Two related matters were announced.
Capitol is adding an acquisition strategy to its bank development
activities. In recent years, Capitol has emphasized adding affiliated banks
through DE NOVO, or start-up, activity. This successful emphasis has been
key to expanding Capitol's group to include more than twenty banks in
several states. Augmenting this focus is the new addition of an acquisition
strategy which will enable Capitol to add banks in two ways--acquisition
and start-up.
Capitol announced the creation of a new management position to implement
this additional bank development strategy. Michael M. Moran has joined
Capitol as Executive Vice President of Corporate Development, to focus on
acquisition opportunities. Mr. Moran has significant experience in the
banking industry and was previously affiliated with the investment banking
firm of Raymond James & Associates, Inc. and its predecessor, Roney & Co.,
in Detroit, Michigan.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAPITOL BANCORP LTD.
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(Registrant)
\s\ Joseph D. Reid
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Joseph D. Reid, Chairman,
President and Chief Executive Officer
DATED: January 14, 2000
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