SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 19, 2001
(November 16, 2001)
SUN COMMUNITY BANCORP LIMITED
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(Exact name of Registrant as specified in its charter)
Arizona 000-26191 86-0878747
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(State or other (Commission (IRS Employer
jurisdiction of file number) identification
incorporation) number)
2777 East Camelback Road, Suite 375
Phoenix, Arizona 85016
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(address of principal executive offices)
(602) 955-6100
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(registrant's telephone number, including area code)
Not Applicable
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(former name or former address, if changed since last report)
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ITEM 7. EXHIBITS.
The following exhibits are an integral part of this report on Form 8-K:
Reg. S-K
Exhibit No. Description
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(2) Plan of Share Exchange (incorporated by reference to Capitol
Bancorp Ltd. Registration Statement on Form S-4 dated
November 16, 2001).
(99a) Joint press release of Capitol Bancorp Ltd. and Sun
Community Bancorp Limited dated November 16, 2001.
(99b) Slide show dated November 19, 2001 summarizing proposed
share exchange.
ITEM 9. REGULATION FD DISCLOSURE.
Registrant is reporting the following matter which it considers to be of
importance to security holders:
On November 16 ,2001, Capitol Bancorp Ltd. and Sun Community Bancorp
Limited, a consolidated subsidiary of Capitol, jointly announced a proposed
share exchange. Under the terms of the proposed share exchange, Sun
shareholders other than Capitol would receive .734 shares of Capitol's
common stock for each share of Sun common stock. The proposed share
exchange is subject to approval by Sun's shareholders and Capitol's
shareholders, at meetings tentatively scheduled for mid-January 2002.
In conjunction with the proposed share exchange, which was approved by the
boards of directors of both Capitol and Sun on November 16, 2001, Capitol
has filed a Registration Statement on Form S-4 with the Securities and
Exchange Commission. The Registration Statement is subject to completion
and will not become effective until a later date.
On November 19, 2001, Capitol and Sun prepared a small slide show,
summarizing some aspects of the proposed share exchange. The slides are
attached to this Form 8-K as an exhibit, and will be used by management to
review the proposed share exchange with investors, analysts and other
interested parties.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUN COMMUNITY BANCORP LTD.
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(Registrant)
/s/ Joseph D. Reid
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Joseph D. Reid
Chairman and Chief Executive Officer
DATED: November 19, 2001
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