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EX-99.1 - PRESS RELEASE SALE OF SUNRISE BANK OF ALBUQUERQUE - CAPITOL BANCORP LTDexhibit99_1.htm




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
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): December 28, 2012
 
CAPITOL BANCORP LTD.
(Exact Name of Registrant as Specified in its Charter)
____________________________
 
Michigan
(State or other jurisdiction of incorporation)
001-31708
(Commission File No.)
38-2761672
(IRS Employer
 Identification No.)

Capitol Bancorp Center
200 Washington Square North, Lansing, Michigan 48933
(Address of Principal Executive Offices)  (Zip Code)
 
(517) 487-6555
(Registrant's Telephone Number, Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 7.01.  Regulation FD Disclosure.

On December 28, 2012, Capitol Bancorp Ltd. (the "Corporation") entered into a letter of intent with investors for the sale and subsequent recapitalization of Sunrise Bank of Albuquerque.  The transaction is subject to regulatory and bankruptcy court approval and expected to be completed in 2013.
On December 28, 2012, the Corporation issued a press release announcing the contemplated transaction.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d)           Exhibits

Exhibit No.
Description
99.1
Press release issued by Capitol Bancorp Ltd. on December 28, 2012
 
 

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.

Date:            December 28, 2012
CAPITOL BANCORP LTD.
(Registrant)
By: /s/ Cristin K. Reid                                                                                    
Name: Cristin K. Reid                                                                                    
Title: Corporate President                                                                                    
 

INDEX TO EXHIBITS


Exhibit No.
Description
99.1
Press release issued by Capitol Bancorp Ltd. on December 28, 2012