Community Bank of Lincoln brings the total number of separately chartered community banks in the Capitol Bancorp network to 58 in 16 states across the country. Including Community Bank of Lincoln, Capitol Bancorp has opened nine de novo community banks in 2007 and currently has applications pending for 10 de novo banks in six states.
Joseph Reid, chairman and CEO of Capitol Bancorp, said: Capitol Bancorp’s entry into Nebraska is part of the execution of our strategic plan to diversify the corporation geographically. We see tremendous opportunity for Community Bank of Lincoln. Based on the initial response from local investors and the community at large, we believe that the bank’s team of experienced, local bankers will flourish in the growing Lincoln economy.
