Capitol Bancorp Announces the Planned Divestiture of Nevada-Based 1st Commerce Bank

Capitol Bancorp Announces the Planned Divestiture of Nevada-Based 1st Commerce
Bank

LANSING, Mich. and PHOENIX, July 14 /PRNewswire-FirstCall/ -- Capitol Bancorp
Limited (NYSE: CBC), announced today the planned divestiture of a Nevada-based
affiliate, 1st Commerce Bank. Global Consumer Acquisition Corporation (NYSE:
GHC, GHC.W, GHC.U), in partnership with a group of local bankers led by Mark
Daigle, the Nevada Regional President for Colonial Bank, has executed a
definitive agreement to pay total cash consideration approximating 1.5 times
the tangible common equity of this $45 million affiliate of Capitol. The
transaction, pending regulatory approval, is expected to close in the third
quarter of 2009.

"The proposed divestiture of 1st Commerce Bank serves to facilitate Capitol's
well-publicized efforts to better allocate capital and resources within our
organization," said Capitol's Chairman and CEO Joseph D. Reid. "We welcome
the opportunity to align the 1st Commerce Bank organization with a group
dedicated to the local market."

Capitol's Nevada Region, consisting of five affiliate banks has assets in
excess of $500 million, one of the largest concentrations of banking assets
within the Corporation's network outside of the Great Lakes Region.

"We are pleased to have supported 1st Commerce Bank's team, under the
leadership of President Al Gourrier, over the last two years, to build a
strong banking platform focused on the needs of the north Las Vegas market,"
commented Reid.

About Capitol Bancorp Limited
Capitol Bancorp Limited (NYSE: CBC) is a $5.8 billion national community
banking company, with a network of separately chartered banks in 17 states.
It is the holder of the most individual bank charters in the country. Founded
in 1988, Capitol Bancorp Limited has executive offices in Lansing, Michigan,
and Phoenix, Arizona.

About 1st Commerce Bank
1st Commerce Bank is a full-service community bank specializing in total
relationship banking for owners of small to mid-sized businesses, medical
professionals, real estate professionals and residents.

Forward Looking Statement
Certain statements in this announcement contain forward-looking statements
that are based on management's expectations, estimates, projections and
assumptions. Words such as "expects," "anticipates," "plans," "believes,"
"scheduled," "estimates" and variations of these words and similar expressions
are intended to identify forward-looking statements. Forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These statements are not
guarantees of future performance and involve certain risks and uncertainties,
which are difficult to predict. Therefore, actual future results and trends
may differ materially from what is forecast in forward-looking statements due
to a variety of factors.

All forward-looking statements speak only as of the date of this press
release. All subsequent written and oral forward-looking statements
attributable to the company or any person acting on the Corporation's behalf
are qualified by the cautionary statements in this press release. The
Corporation does not undertake any obligation to update or publicly release
any revisions to forward-looking statements to reflect events, circumstances
or changes in expectations after the date of this press release.

SOURCE Capitol Bancorp Limited

Analyst, Michael M. Moran, Chief of Capital Markets, +1-877-884-5662, or
Media, Stephanie Swan, Director of Shareholder Services, +1-517-487-6555, both
of Capitol Bancorp Limited