EXHIBIT 99.1

                             REVOCABLE PROXY BALLOT
                            FIRST CAROLINA STATE BANK
                         SPECIAL MEETING OF SHAREHOLDERS
                                 March 25, 2004

VOTE BY MAIL Please mark, sign, and date your proxy card and return it in the
postage-paid envelope we have provided.

           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS


The undersigned shareholder(s) of First Carolina State Bank, a North Carolina
banking corporation, hereby acknowledge(s) receipt of the Notice of Special
Meeting of Shareholders and proxy statement/prospectus, each dated _________,
2004, and hereby appoint(s) Richard Anderson, David Parker and John Williams,
and each of them, proxies and attorneys-in-fact, with full power to each of
substitution, on behalf and in the name of the undersigned, to represent the
undersigned at the Special Meeting of Shareholders of First Carolina State Bank
to be held March 25, 2004 at 4:00 p.m., local time, at Parlor C, Gateway
Convention Center, Gateway Blvd., Rocky Mount, North Carolina, and at any
adjournments or postponements thereof, upon the proposal set forth on this form
of proxy and described in the proxy statement/prospectus, and in their
discretion with respect to such other matters as may be properly brought before
the meeting or any adjournments or postponements thereof.


1.    To adopt the Agreement and Plan of Merger, dated as of December 1, 2003,
      by and between First Carolina State Bank, a North Carolina banking
      corporation, and Capitol Bancorp Ltd., a Michigan corporation, and to
      approve the merger of CBC Bank, a North Carolina banking corporation and
      wholly-owned subsidiary of Capitol Bancorp Ltd., with and into First
      Carolina State Bank:

            / /  FOR             / /  AGAINST           / /  ABSTAIN


Dated:
      -------------------------------   (This proxy should be marked, dated,
                                        signed by the shareholder or
                                        shareholders exactly as the
- -------------------------------------   shareholder's or shareholders' names
(Signature)                             appear hereon, and returned promptly in
                                        the enclosed envelope. Persons signing
                                        in a fiduciary or representative
- -------------------------------------   capacity should so indicate. If shares
(Signature)                             are held by joint tenants, as community
                                        property or otherwise by more than one
                                        person, all should sign.)


THIS PROXY WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS INDICATED, WILL BE
VOTED FOR THE MERGER PROPOSAL LISTED ABOVE, AND, IF ANY OTHER BUSINESS IS
PRESENTED AT THE MEETING, THIS PROXY WILL BE VOTED BY THE PROXIES IN ACCORDANCE
WITH THEIR JUDGMENT AND AS SUCH PROXIES DEEM ADVISABLE ON SUCH OTHER MATTERS AS
MAY COME BEFORE THE MEETING.