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Author Topic: CBC -- running off solid news out today
jtcyclone101
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CBC -- great news out (stock redemption agreement with Bank of Las Colinas to sell its 51% interest in the bank)

http://www.quote.com/us/stocks/quote.action?s=CBC

http://www.quote.com/news/story.action?id=RTT001150940000562

ALSO (more) coverage here -- http://www.quote.com/news/story.action?id=MTO015u9360

Capitol Bancorp Reveals Sale Of Bank Of Las Colinas - Quick Facts
Friday January 15, 2010 09:40:00 EST
(RTTNews) - Capitol Bancorp Limited (CBC) announced that it has entered into a stock redemption agreement with Bank of Las Colinas to sell its 51 percent interest in the bank. The transaction is expected to be completed in 2010.


Capitol's Chairman and CEO Joseph D. Reid said, "We are pleased to have another opportunity to strengthen our consolidated equity and core capital ratios and also enable Bank of Las Colinas to retain its autonomy and secure additional local ownership."


yahoo link -- http://finance.yahoo.com/q?s=cbc

check out this chart forming up here -- http://stockcharts.com/h-sc/ui?s=cbc

web site -- http://www.capitolbancorp.com/

investor relations link -- http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100176


Capitol Bancorp Limited Executive Offices

Capitol Bancorp Center
200 Washington Square North
Lansing, MI 48933
(517) 487-6555


2777 East Camelback Road
Suite 375
Phoenix, AZ 85016
(602) 955-6100

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fLIP THEM all ~~ !!

Posts: 41 | From: dallas | Registered: Jan 2010  |  IP: Logged | Report this post to a Moderator
   

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