EXHIBIT 23.4

                                 January 5, 2000


Capitol Bancorp Ltd.
200 Washington Square North, Fourth Floor
Lansing, MI 48933

     RE:  BRIGHTON COMMERCE BANK

Gentlemen:

     JMP  Financial,  Inc.  hereby  consents  to  your  including  a copy of the
fairness  opinion in the proxy  statement/prospectus  with  regards to  Brighton
Commerce   Bank   and   to  the   reference   to   this   firm   in  the   proxy
statement/prospectus  as financial  advisor to Brighton  Commerce Bank and under
the caption "Opinion of Financial Adviser".

                                        Very truly yours,

                                        /s/JMP Financial, Inc.