EXHIBIT 23.4
June 17, 2004
Capitol Bancorp Limited
200 Washington Square North, 4th Floor
Lansing, Michigan 48933
Re: First California Northern Bancorp
Ladies and Gentlemen:
JMP Financial, Inc. hereby consents to your including a copy of the fairness opinion in the proxy statement/prospectus with regards to First California Northern Bancorp and to the reference to this firm in the proxy statement/prospectus as financial advisor to First California Northern Bancorp and under the caption “Opinion of Financial Adviser”.
| Very truly yours, | ||
| /s/ John Palffy | ||
| John Palffy | ||
| President |