Exhibit 13(a)
OUR CORE VALUES
[PHOTO]
ITEM PROCESSING
GREAT LAKES REGION
ENTREPRENEURSHIP
Entrepreneurship is the essence of our company spirit.
LOYALTY
The way we treat our customers begins with the way we treat each other. Respect
and reliability encourage loyalty in all of us.
COMMUNITY COMMITMENT
Our success depends upon the success of our community.
INTEGRITY
It is our standard of behavior, which always seeks to do the right thing.
MAXIMIZING POTENTIAL
We are committed to maximizing potential as a company and as individuals.
TO OUR SHAREHOLDERS
Dear Shareholders:
In the year 2002 we achieved another plateau in our long-term journey toward
lasting success as a public company. Earnings grew 55%; earnings per share grew
16%; net operating revenues increased 28% and assets increased 18%. We had a
good year. We were rewarded by the stock market with a 74% price increase.
As we build for the future, we are challenged by the reckless indifference many
public companies have demonstrated regarding their own credibility as leaders
and as fiduciaries.
CREDIBILITY
Our ability to succeed as bankers in a competitive environment has been built on
our credibility as service providers. We deliver a higher level of service by
interfacing our customers with human beings. The customers are not left to fend
for themselves when interacting with our banking system. We treat our customers'
concerns with confidentiality and care. We will continue to operate in this
manner at each of our affiliate banks.
The credibility we have established is enhanced by the continuity of our banking
operations. It is a comfort to our customers to know that our banks are
committed to long-term success, thereby avoiding the disruption other
competitors have demonstrated through mergers with out-of-town companies.
However, the responsibility of demonstrating our credibility does not end with
our customer. Recent events regarding the activities of CEOs and boards of
directors throughout corporate America have called into question the conduct of
all public corporations.
We do not wish to risk our credibility with our shareholders. We will do all
that is necessary to protect this important trust. For these reasons the board
of directors, during the first quarter of last year, initiated a review of our
corporate governance practices and executive compensation arrangements.
This effort resulted in the revision of our Corporate Code of Ethics and the
development of Corporate Governance Guidelines. Moreover, the board adopted a
charter for each standing committee. These important accomplishments are
published on our website.
In addition, the Compensation, Audit and Nomination and Governance Committees
are made up exclusively of independent directors consistent with the new
guidelines published by the New York Stock Exchange and the NASDAQ Stock Market.
-------------------------
WE DO NOT WISH TO RISK
OUR CREDIBILITY WITH OUR
SHAREHOLDERS.
WE WILL DO ALL THAT IS
NECESSARY TO PROTECT THIS
IMPORTANT TRUST.
-------------------------
Finally, a review and revision of the employment contracts of senior officers
was completed to ensure that management is incented toward long-term objectives.
As we continue to develop our long-range strategic plan, we know that ongoing
credibility with our customers and our shareholders remains vital to our
success.
CORE VALUES
Our credibility is driven by our core values. We currently have 29 banks and
operate in 8 states. Each of our banks is benefited by a board of directors who
are residents of their banking community. Our bank directors are the most
significant off-balance-sheet assets of the Corporation. Their impartial
oversight of banking operations is matched by significant individual business
development efforts. Unlike most other banking models, ours is built around our
bank directorships.
2
During the past year we initiated an effort to identify our core values as a
company. This undertaking recognized both the geographic and cultural diversity
of our bank boards and our employees. At the conclusion of the process we were
able to construct a definition of our core values:
ENTREPRENEURSHIP
ENTREPRENEURSHIP IS THE ESSENCE OF OUR COMPANY SPIRIT.
LOYALTY
THE WAY WE TREAT OUR CUSTOMERS BEGINS WITH THE WAY WE TREAT EACH OTHER. RESPECT
AND RELIABILITY ENCOURAGE LOYALTY IN ALL OF US.
COMMUNITY COMMITMENT
OUR SUCCESS DEPENDS UPON THE SUCCESS OF OUR COMMUNITY.
INTEGRITY
IT IS OUR STANDARD OF BEHAVIOR, WHICH ALWAYS SEEKS TO DO THE RIGHT THING.
MAXIMIZING POTENTIAL
WE ARE COMMITTED TO MAXIMIZING POTENTIAL AS A COMPANY AND AS INDIVIDUALS.
[PHOTO]
These values are not objectives we would like to attain -- they represent who we
are as a company. They serve as an instrument of measurement in all that we
undertake. I invite you to view the various letters each bank president has
submitted in this report which demonstrate our core values.
PERFORMANCE
For the year 2002, record net operating revenues of $115.6 million increased
approximately 28% when compared to the $90.1 million figure recorded in 2001.
Record earnings of approximately $16.7 million for 2002 reflect 55% growth when
compared to $10.7 million in 2001. On an earnings per share (EPS) basis, Capitol
reported basic ($1.64) and diluted ($1.57) figures for 2002 that were 19% and
16%, respectively, ahead of 2001's comparable period levels of $1.38 and $1.35.
The 28% growth in net operating revenues for 2002 was aided by an approximate
56% increase in noninterest income, offsetting the 20% expansion in operating
expense that reflects both the opening of two new affiliate banks in California
and Nevada and new loan production offices in Texas, California and Georgia. In
addition, the consolidation of minority interests at several of Capitol's
affiliate development holding companies during 2002 served to dramatically
expand the share base from approximately 7.8 million shares at the end of 2001
to roughly 11.3 million shares at year end.
INVESTOR SIMPLIFICATION
On March 31, 2002, the public ownership profile of our primary southwest-based
development holding company, Sun Community Bancorp Limited, was consolidated in
a share exchange with Capitol Bancorp. Subsequently, the shared investments in
our Indiana, Nevada, and SBA-specialist, Sunrise Capital, holding companies were
3
exchanged for stock in Capitol Bancorp. These four second-tier holding companies
are now 100% owned by Capitol Bancorp. The share base of Capitol Bancorp was
increased by nearly 50% and our corporate structure was simplified. These
actions were received positively within the investor community.
At the end of 2000, the market capitalization, or the total value the investor
community had assigned to the Corporation, equaled approximately $75 million.
Closing out 2001, the market capitalization of the Corporation measured just shy
of $105 million. Following the share exchanges, Capitol Bancorp's market
capitalization increased more than 2.5 times to over $270 million in 2002.
BUILDING A TRACK RECORD
Our message, supported by our performance, is connecting with the investor
community to produce operating results in line with investor expectations, while
not sacrificing potential growth opportunities which serve to enhance the future
earnings stream. The performance of the past few years reflects this operating
dynamic. Since the end of 1998, assets have more than doubled from just over $1
billion to more than $2.4 billion. In the same time frame, shareholder equity
has nearly quadrupled from approximately $49 million to over $160 million, while
earnings ($4.6 million to approximately $16.7 million) and operating revenues
($37 million to more than $115 million) have both more than tripled. At the end
of 1998, we had 17 community banks in our family. Today, the affiliate system
totals 29, with new opportunities being explored every day. In 1998, EPS
measured $0.72, while total shares outstanding equaled 6.3 million. In 2002, our
EPS exceeded "street" expectations reaching $1.57, and we entered 2003 with more
than 11.3 million shares outstanding.
We are often perceived as a company running contrarian to the banking industry's
trend of "bigger means better" by remaining committed to our most critical
operating constituency -- the customer relationship. We continue to believe that
this strategy will promote long-term success.
EMERGING PROFITABILITY
As we enter 2003, only 11 of our 29 affiliate banks are more than 5 years old.
The earnings potential of our other 18 maturing, but youthful, banks will serve
to expand our revenue and earnings stream over the next few years.
-------------------------------
THESE VALUES ARE NOT OBJECTIVES
WE WOULD LIKE TO ATTAIN --
THEY REPRESENT WHO WE ARE
AS A COMPANY.
-------------------------------
A FOOTNOTE REGARDING ACQUISITIONS
Capitol Bancorp has successfully completed numerous "acquisitions" of the
internally-generated variety as we consolidated the minority interests of our
affiliates. These transactions were transparent to the customer, effectively
resulting in an accounting formality for what had been operating reality.
However, as we survey the landscape, we recognize that there may be
possibilities to augment our traditional de novo development efforts with
selective acquisitions. As we have successfully done in the past, we will
continue to look at potential transactions, searching for both a cultural fit
and an accretive earnings opportunity.
We invite you to share our optimism for the coming years.
/s/ Joseph D. Reid
Joseph D. Reid
Chairman & CEO
4
CAPITOL BANCORP LIMITED
BOARD OF DIRECTORS
Louis G. Allen Michael F. Hannley Myrl D. Nofziger
Retired Banker President & CEO President
Bank of Tucson Hoogenboom Nofziger
Paul R. Ballard
Retired President & CEO Lewis D. Johns Kathryn L. Munro
Portage Commerce Bank President Chairman & CEO
Mid-Michigan Investment Co. Bridge West, LLC
David L. Becker
Retired Insurance Agent Michael L. Kasten David O'Leary
Managing Partner Chairman
Robert C. Carr Kasten Investments, LLC O'Leary Paint Company
Executive Vice President
Capitol Bancorp Limited John S. Lewis Joseph D. Reid
President-Western Regions Chairman & CEO
[PHOTO] Capitol Bancorp Limited Capitol Bancorp Limited
JOHN S. LEWIS,
PRESIDENT-WESTERN REGIONS [PHOTO] Ronald K. Sable
CRISTIN REID ENGLISH, Vice President Public Sector
Douglas E. Crist CHIEF ADMINISTRATIVE OFFICER Guardent, Inc.
President
Developers of SW Florida, Inc. [PHOTO] FIRST CALIFORNIA NORTHERN
ROBERT C. CARR, BANCORP
Michael J. Devine EXECUTIVE VICE PRESIDENT & TREASURER
Attorney at Law BOARD OF DIRECTORS
Humberto S. Lopez
Cristin Reid English President Geni A. Bennetts, MD
Chief Administrative Officer HSL Properties, Inc. Medical Consulting
Capitol Bancorp Limited
Leonard Maas Cristin Reid English
James C. Epolito President Chief Administrative Officer
President & CEO Gillisse Construction Company Capitol Bancorp Limited
The Accident Fund Company
Lyle W. Miller Jeffrey L. Epps
Gary A. Falkenberg President President
Gary A. Falkenberg, D.O., P.C. Servco, Inc. Epps Chevrolet
Joel I. Ferguson Paul J. Krsek
Chairman Managing Partner
Ferguson Development K&A Asset Management, LLC
Kathleen A. Gaskin David L. McSherry
Associate Broker/State Appraiser Investor
Tomie Raines, Inc. Realtors Northwind Investment Co., L.L.C.
H. Nicholas Genova David O'Leary
Chairman & CEO Chairman
Washtenaw News Co. Inc. O'Leary Paint Company
H.N. Genova Development
Joseph D. Reid
Chairman & CEO
Capitol Bancorp Limited
5
CAPITOL BANCORP LIMITED
OFFICERS
Joseph D. Reid David J. Meninga Nancy A. Schoolman
Chairman & CEO Assistant Corporate Counsel Vice President
Michael L. Kasten John R. Myers Patricia L. Stone
Vice Chairman Vice President Senior Vice President
Lyle W. Miller Michael M. Moran Patrick R. Sturm
Vice Chairman Chief of Capital Markets Corporate Counsel
David O'Leary Phillip Kyle Oesterle Stephanie M. Swan
Secretary Vice President Corporate Governance Officer
Robert C. Carr Gregory E. Patten Darryl S. Tenenbaum
Executive Vice President & Treasurer Vice President Vice President/Auditor
Art R. Aguirre Linda D. Pavona Bruce A. Thomas
Vice President Senior Vice President Chief of Bank Performance
Carol A. Blaine [PHOTO] [PHOTO]
Vice President BRUCE A. THOMAS, LEE W. HENDRICKSON,
CHIEF OF BANK PERFORMANCE CHIEF FINANCIAL OFFICER
Katherine P. Bowden
Vice President [PHOTO] [PHOTO]
DAVID J. DUTTON, MICHAEL M. MORAN,
Brent R. Branch CHIEF INFORMATION OFFICER CHIEF OF CAPITAL MAKETS
Assistant Vice President
David K. Powers Stephen D. Todd
Margarete L. Chalker Director of Loan Administration Director of Bank Performance-Western Regions
Assistant Vice President
Amy L. Pramov Marie D. Walker
Staci L. Charles Assistant Vice President Senior Vice President-Accounting
Marketing Director-Western Regions
Joseph D. Reid, III Leonard C. Zazula
James F. Crawford Corporate Counsel Cashier-Western Regions
Director of Strategic Products & Services
William E. Rheaume
David J. Dutton Senior Counsel
Chief Information Officer
Brian K. English
General Counsel
Cristin Reid English
Chief Administrative Officer
Carl C. Farrar
Senior Vice President
David D. Fortune
Chief Credit Officer - Western Regions
Reginald A. Hansom, Jr.
Assistant Vice President
Janet L. Hardin
Vice President
Lee W. Hendrickson
Chief Financial Officer
John S. Lewis
President - Western Regions
Tina M. Luha
Assistant Vice President
Stephanie A. Maat
Vice President
Charles J. McDonald
Cashier-Great Lakes Region
6
[PHOTO]
NETWORK SERVICES
GREAT LAKES REGION
E N T R E P R E N U E R S H I P [GRAPHIC]
[PHOTO]
NETWORK SERVICES
WESTERN REGIONS
BOARD OF DIRECTORS BANK OF LAS VEGAS
Vincent J. Ciminise Bank of Las Vegas opened in February of 2002 to opportunity, excitement,
President anticipation, and challenge. Throughout its first year the Bank realized the
Bank of Las Vegas successful completion of many goals. These accomplishments were achieved through
an unprecedented level of entrepreneurship exhibited by our employees. Following
Darlene Copsey are a few examples of the spirit demonstrated by our team:
Secretary/Treasurer
The Alpha Group Ltd. We developed a marketing plan for the Bank utilizing landmarks that are
synonymous with our namesake -- Las Vegas. This unique advertising is used
Michael J. Devine on our courier van, and it was also used to give our temporary facility
Attorney at Law some needed character. The van carries replicas of landmarks in the city
including the head of the Egyptian from the Luxor Hotel and the distinctive
Leo N. Durant "Welcome to Fabulous Las Vegas" marker located at the entrance to the city.
Owner We covered the front of the bank with a large billboard that depicted the
LND Construction skyline of downtown Las Vegas. The comments from the local community have
been very positive. I can assure you that people remember our courier van
Scott R. Gragson and eye-catching signage, which is entrepreneurial advertising at its best.
Managing Partner
GKT Acquisitions During our first year we benefited from the unification efforts of our
affiliated banks and implemented procedures consistent with the new
Donald K. Hamrick consolidated systems. The staff embraced the opportunity to learn new
General Manager skills and apply them to meet the bank's specific needs, as would any
Signature Lincoln Mercury entrepreneur.
Darryl J. Hardy Whether adjusting to an incredibly small temporary working facility, or
Vice President helping a customer find a way to start their own business, our employees
Hardy Painting & Drywall exemplify those traits associated with a true entrepreneur. Their positive
attitudes, and the consistent encouragement they provide to new customers,
Alan R. Houldsworth stems from the pleasure that comes from running an autonomous operation.
Partner Entrepreneurs enjoy their creative freedom, working hard and the
Houldsworth & Company, CPAs satisfaction of ultimate success.
Charles L. Lasky As the Bank continues to grow and mature, we must never lose sight of how we
President reached this point. That strength will ensure our future.
Lasky, Fifarek & Hogan, P.C.
Thomas C. Mangione BANKING LAS VEGAS!
Chairman, President & CEO
Red Rock Community Bank /s/ Vincent J. Ciminise
Joseph D. Reid Vincent J. Ciminise
Chairman & CEO President
Capitol Bancorp Limited
6001 S. Decatur, Suite P
Joseph D. Reid III Las Vegas, NV 89118
Corporate Counsel 702-939-2400
Capitol Bancorp Limited www.bankoflasvegas.com
Philip P. Saunders
Retired Executive
General Motors Corporation
OFFICERS
Joseph D. Reid
Chairman
Thomas C. Mangione
Vice Chairman
Charles L. Lasky
Secretary
Vincent J. Ciminise
President
Roger S. Mellies
Executive Vice President/CCO
Carol A. Clemens
Senior Vice President
William C. Russell
Senior Vice President
Debbie V. Clarke
Vice President
E N T R E P R E N U E R S H I P
8
CAMELBACK COMMUNITY BANK BOARD OF DIRECTORS
Our team at Camelback Community Bank takes great pride in our commitment to all Shirley A. Agnos
of our shared core values. We display these values every day in our work, our President
volunteer activities and our personal behavior. Arizona Town Hall
The past several years have proven that a bank must create a reputation for Cord D. Armstrong
customer service outside of the traditional scope if it is going to provide CPA/Manager
financial services that are truly unique and tailored to meet the needs of its Miller Wagner Business Services, Inc.
customers. Customers have many choices today and have more access to information
than ever before. This new banking environment requires our bank to be ever more Michael J. Devine
entrepreneurial and cutting edge. Attorney at Law
We have concluded that Camelback's new checking account that rewards our Winfield L. Holden III
customers for increasing their account balance, while offering both convenience Publisher
and a competitive interest rate, provides an attractive investment opportunity. Arizona Highways Magazine
In today's low interest-rate environment, many individuals are investing in cash
vehicles that earn very little interest. In an effort to meet our customers' Michael L. Kasten
needs, and at the same time add growth to the Bank, we created an Managing Partner
interest-bearing checking account that pays a premium interest rate for deposits Kasten Investments, LLC
in excess of $25,000. Additionally, the account is tiered, and at each of the
higher levels, the interest rate increases substantially. Gregory M. Kruzel
Attorney at Law & Partner
In our continued effort to support the nonprofit agencies in our community, we Braun, Becker, Kruzel, P.C.
offered this account to them as well. They are extremely grateful to increase
the return on their deposits, especially now when fundraising is more difficult Robert V. Lester
than ever and every penny counts. President
Progressive Financial Concepts
This checking account has delivered all that we expected and more. It increased
our total deposits by 20% in 90 days and is a great opportunity for introducing John S. Lewis
new customers to Camelback Community Bank. President - Western Regions
Capitol Bancorp Limited
THE BANK WHERE YOU BELONG. Tammy A. Linn
Director
/s/ Barbara J. Ralston Governor's Community Policy Officer
Barbara J. Ralston Susan C. Mulligan
President & CEO CPA
Earl A. Petznick
2777 East Camelback Road, Suite 100 President & CEO
Phoenix, AZ 85016 Northside Hay Company
602-224-5800
www.camelbackbank.com Barbara J. Ralston
President & CEO
Camelback Community Bank
Dan A. Robledo
President & CEO
Lawyer's Title of Arizona, Inc.
Jacqueline J. Steiner
Retired State Senator
& Community Volunteer
OFFICERS
Dan A. Robledo
Chairman
Michael L. Kasten
Vice Chairman
Shirley A. Agnos
Secretary
Barbara J. Ralston
President & CEO
John Robert Boosman
Executive Vice President & CCO
James J. Brandes
Senior Vice President
Betty L. Cornish
Senior Vice President
Patrick B. Westman
Senior Vice President
Dorsey J. Tisdale
Vice President
William Von Hatten
Vice President
E N T R E P R E N U E R S H I P
9
BOARD OF DIRECTORS DESERT COMMUNITY BANK
Robert J. Andrews Desert Community Bank has carved out a niche in the greater Las Vegas
CFO & Director of Operations marketplace, which has distinguished us from our peers. Although Las Vegas is
IGT Lottery Division often touted as the fastest growing city in America, with some 5,000 new
residents every month, many of our directors have extensive community roots.
Tracy R. Bouchard Many are from local, established families who have conducted business in Las
President Vegas for generations. They, and their family members, have held noteworthy
National Title Company public offices, successfully operated family businesses for over 50 years, and
remain well connected with county and municipal government, as well as the
Michael J. Devine varied industries that fuel this town's economy. The contacts they share, as
Attorney at Law well as the history that accompanies their experience in the marketplace, gives
us an opportunity to enrich the opportunities not normally offered to newcomers
Rose M.K. Dominguez to this city.
President
Discovery Travel Las Vegas is known for entertainment and gaming. Manufacturing, education, and
trades that facilitate the town's tourism are the less known side of Las Vegas.
Tom R. Grimmett Desert Community Bank is constantly working on innovative ways to assist our
Owner customers, and our community in achieving their dreams.
Grimmett & Company
For example, we have a customer with a continual need for new technicians to
Garry L. Hayes work in his specialty of selling and installing automated HVAC systems and
President controls in large facilities. It is a difficult field in which to find qualified
Law Office of Garry L. Hayes employees. The owner decided to solve that problem by starting a school within
his business to train technicians at all levels of HVAC installation,
James W. Howard maintenance and repair. Tuition financing is not generally offered to students
President attending trade schools. At the suggestion of one of our directors, Desert
Desert Community Bank Community Bank was able to acquaint our customer with another contact who
provides student loan assistance for trade schools who do not yet qualify for
Charles L. Lasky the Title IV assistance offered by the government guaranteed student loan
President programs. This helped our customer succeed in uniquely achieving their growth
Lasky, Fifarek & Hogan, P.C. objectives.
Thomas C. Mangione Our directors, our employees, and our customers all benefit when we work to
Chairman, President & CEO solve problems together. It makes us unique from other community banks in Las
Red Rock Community Bank Vegas. We have one location -- with many solutions for our customers.
Leland D. Pace
Managing Partner SMALLER BANK. BIGGER SERVICE.(TM)
Stewart, Archibald & Barney, LLP
/s/ James W. Howard
Joseph D. Reid III
Corporate Counsel James W. Howard
Capitol Bancorp Limited President
Stephen D. Stiver
Retired 3740 South Pecos-McLeod
Las Vegas, NV 89121
702-938-0500
OFFICERS www.desertcommunity.com
Thomas C. Mangione
Chairman
Michael J. Devine
Vice Chairman
James W. Howard
President
Charles L. Lasky
Secretary
Al G. Gourrier II
Executive Vice President
& Chief Credit Officer
Rodney K. Chaney
Senior Vice President
Private Banking Manager
Eileen S. Hagler
Vice President
Troy I. Morris
Vice President
E N T R E P R E N U E R S H I P
10
KENT COMMERCE BANK BOARD OF DIRECTORS
Entrepreneurship is a word rarely associated with banking. One dictionary James M. Badaluco
defines an entrepreneur as "one who organizes and assumes the risk of a business Vice President
or enterprise." Bankers are in the business of minimizing and managing risk. S.J. Wisinski & Company
They are generally not willing to step out and assume risk. That willingness --
even eagerness, at times -- is the root source of Capitol Bancorp's success. Paul R. Ballard
Retired President & CEO
Three years ago, Kent Commerce Bank had no U.S. Small Business Administration Portage Commerce Bank
(SBA) loans in its commercial portfolio. SBA loans can be complex, require
significant training and expertise, and have rigorous servicing requirements. Sharon M. Buursma
Yet in 2002, Kent was the primary contributor to the program that resulted in Executive Vice President
Capitol Bancorp being named SBA "Community Lender of the Year" in Michigan -- Spectrum Health
the highest SBA award given to a community bank. Why? We recognized the
opportunity for SBA lending in the market and we felt it was an essential Kevin J. Einfeld
service that we needed to provide to our customers. We then looked for, and President
committed the people and resources necessary, to be successful. Was it a risk? BDR, Inc.
Absolutely. SBA lending is highly specialized and mistakes can be costly. The
financial rewards from our success, however, have been great, both for our Bank Grant J. Gruel
and the company's reputation as a whole. Partner/Trial Attorney
Gruel, Mills, Nims & Pylman
As a bank focused on small business, we find that the majority of our clients
are entrepreneurs themselves, having built their businesses from the ground up. Gary D. Hensch
Very few bankers truly understand what that means. We do, because we built our CPA
bank the same way. Without taking a few risks, success comes very slowly, if Redstone Group
ever. Our clients understand how we built our bank and, accordingly, they know
we're able to relate to them like no one else can. R. Ted Hudson
Owner
Bankers are typically not interested in trying something new, particularly if an Prestige Property, Inc.
element of risk exists. At Kent Commerce Bank, however, our entrepreneurial
spirit is foundational. It is a much-cherished value all our banking Harold A. Marks
professionals embrace and exemplify. CPA/Partner
Prangley Marks LLP
KENT COMMERCE BANK -- PAYING A HIGHER RATE OF ATTENTION. Calvin D. Meeusen
Managing Partner
/s/ David E. Veen Calvin D. Meeusen, CPA
David E. Veen
President & CEO Valerie R. Overheul
President & CEO
Summit Training Source, Inc.
4050 Lake Drive SE
Grand Rapids, MI 49546 Mary L. Ursul
616-974-0200 Vice President
www.kentcommerce.com Professionals Direct, Inc.
David E. Veen
President & CEO
Kent Commerce Bank
Michael C. Walton
Attorney at Law
Rhoades, McKee, Boer, Goodrich & Titta
OFFICERS
Michael C. Walton
Chairman
Paul R. Ballard
Vice Chairman
Kevin J. Einfeld
Secretary
David E. Veen
President & CEO
William H. Young
Senior Vice President
Michael P. Boelens
Vice President
John J. Coder
Vice President
Linda S. Crawford
Vice President
Thomas J. Kim
Vice President
Sandra L. Bloem
Vice President
E N T R E P R E N U E R S H I P
11
BOARD OF DIRECTORS MACOMB COMMUNITY BANK
Robert C. Carr Macomb Community Bank (MCB) believes that entrepreneurs provide a significant
Executive Vice President economic contribution to any community. Supporting entrepreneurs in a timely
Capitol Bancorp Limited manner, with financial products designed to meet their needs, is what we do.
Although many banks have changed their focus in the last several years, MCB
Timothy J. Cuttle remains committed to its vision of supporting small business by providing a high
President & CEO level of communication and quality products. As a smaller bank, we think of
Macomb Community Bank ourselves more like the entrepreneurs we serve. At MCB, customers can meet with
a senior officer, or even the President, at any time. We think it's an important
Christina C. D'Alessandro part of our overall responsibility. I would like to share with you some recent
Vice President examples of MCB supporting small business in our community:
Villa Custom Homes
In 2002, MCB assumed a major leadership role in hosting and sponsoring a
Ronald G. Forster series of five economic luncheons that focused on areas of interest to
Retired small business. Topics such as economics, technology, global competition,
real estate and the automotive industry were discussed at length during
James R. Kaye these meetings. The program was so successful that we have committed to
President & CEO continue this event on an annual basis.
Oakland Commerce Bank
MCB is a major sponsor of the 100th anniversary of the Central Macomb
David F. Keown County Chamber of Commerce, one of the oldest chambers in the state of
Building Official Michigan and the country. The Chamber, with its 1,000 members, exists to
Washington Township support entrepreneurs and MCB supports its vision.
Dr. Albert L. Lorenzo Entrepreneurship can begin at any stage in life. MCB believes we can help
President develop entrepreneurs of the future. In 2003, the Bank will provide a
Macomb Community College business scholarship for tuition at Macomb Community College. The college,
one of the largest junior colleges in the country, has a student enrollment
Delia Rendon Martin of nearly 50,000. We support its efforts in providing a quality educational
Co-Owner opportunity for future entrepreneurs.
Martin Enterprises
A visionary bank does much more than simply manage money. It is a source of
Robert Pelachyk leadership that promotes economic prosperity and the welfare of the community.
EVP & General Manager As entrepreneurs, Macomb Community Bank is committed to providing this
Cross Huller-North America leadership.
OFFICERS SMALLER BANK. BIGGER SERVICE(TM)
Robert C. Carr /s/ Timothy J. Cuttle
Chairman Timothy J. Cuttle
President & CEO
Ronald G. Forster
Vice Chairman
16000 Hall Road, Suite 102
Christina C. D'Alessandro Clinton Township, MI 48038
Secretary 586-228-1600
www.macombcommunity.com
Timothy J. Cuttle
President & CEO
Kenneth E. Bryant
Vice President
Frank J. Buscemi
Vice President
Kenneth O. Flynn
Vice President
E N T R E P R E N U E R S H I P
12
MESA BANK BOARD OF DIRECTORS
Entrepreneurship is the essence of our success at Mesa Bank. We define Neil R. Barna
entrepreneurship as the recognition and pursuit of opportunity, the confidence President & CEO
that we can be successful, and the flexibility to adjust our course in response Mesa Bank
to changes in our marketplace and community.
Richard D. Crandall, CPA
Entrepreneurship is about vision, persistence and innovation. We believe that we President/Partner
have the vision to expand, improve or change our products and services to meet C N Resource, LLC
the needs of our community. Working personally with businessmen and women of our
community is our practice. Meeting their banking needs and wants is our goal. Michael J. Devine
Attorney at Law
We also recognize the value of giving back to our community. We have staff
members on local boards of educational foundations and boards of chambers of Debra L. Duvall
commerce. We have a bank officer that has dedicated her time to Junior Superintendent
Achievement and teaches classes sponsored by JA. Susan Haverstrom teaches Mesa Public Schools
elementary school children the value of learning and staying in school,
community involvement and various aspects of business. Her persistence in Brian K. English
teaching local children these aspects of life will serve them well as they General Counsel
become active members of our community. Capitol Bancorp Limited
To maintain market leadership, we must meet our customers' changing needs. At Robert R. Evans
Mesa Bank we attempt to bring out the "inner innovator" that resides in each of President
us. By doing so we find the right solutions for our customers. Mesa Bank opened Evans Management Company
a loan production office in the Falcon Field area of Mesa in December 2002. What
makes this entrepreneurial endeavor unique is that the person spearheading this Stewart A. Hogue
effort was not in the banking business before joining Mesa Bank in 2002. Jim Principal
LeCheminant, a thirty-year resident of Mesa, has adapted well to the banking SALK Management, LLC
environment by introducing innovative methods of developing new customers and
meeting their needs. Michael L. Kasten
Managing Partner
At Mesa Bank, we realize entrepreneurship is not static, but fluid. We must Kasten Investments, LLC
continue to seek opportunities and methods to assist our customers and our
community. Philip S. Kellis
Partner
Dobson Ranch Inn
BANKING -- WITH A HUMAN TOUCH.
Ruth L. Nesbitt
/s/ Neil R. Barna Community Volunteer
Neil R. Barna
President & CEO Wayne C. Pomeroy
Owner
Pomeroy's Men's Stores
63 East Main, Suite 100
Mesa, AZ 85201 Daniel P. Skinner
480-649-5100 Owner & Manager
www.mesabankers.com LeBaron & Carroll LSI, Inc.
Terry D. Turk
President
Sun American Mortgage Company
James K. Zaharis
President
The Zaharis Group
OFFICERS
Robert R. Evans
Chairman
Michael L. Kasten
Vice Chairman
Neil R. Barna
President & CEO
David D. Fortune
Executive Vice President,
Secretary & CCO
Daniel R. Laux
Vice President
James G. LeCheminant
Vice President
Steven R. Mitchell
Vice President
Sandra S. Zazula
Vice President
E N T R E P R E N U E R S H I P
13
BOARD OF DIRECTORS SUNRISE BANK OF ARIZONA
Sandra A. Abalos "If opportunity doesn't knock, build a door."
President ... And so we did.
Abalos & Associates, PC
Since Sunrise Bank of Arizona opened in December of 1998; the Sunrise team has
Michael R. Allen built a lot of doors and taken the worlds of SBA lending and banking by storm.
President Sunrise married owner-user real estate lending with banking services for small
Sureway Properties businesses. Before the Sunrise Bank model was invented, SBA lending and banking
were different worlds. The Sunrise team shared a vision with Capitol Bancorp, a
James P. Dew vision that brought two entrepreneurs together to create a bank built on this
Dew Wealth Management very unique model. Our model is quite simple -- concentrate on the needs of
dynamic small business owners and entrepreneurs, provide them with extraordinary
Michael J. Devine service, with an emphasis on SBA loans for equipment, working capital and
Attorney at Law facilities, and turn them into loyal, long-term customers. The customer
relationships begin with SBA lending. While many traditional banks consider SBA
Brian K. English lending the last resort for their customers, Sunrise believes it presents an
General Counsel incredible opportunity to differentiate itself from the competition. Since 94%
Capitol Bancorp Limited of businesses in the United States are classified as "small," Sunrise has tapped
into a remarkable customer base. As a result, the Sunrise model is a successful
Patrick C. Hayes and innovative business model that seeks out these growing markets.
Patrick Hayes
Architecture After we built the doors, we opened them to industrious professionals who share
the same vision of providing unparalleled financial services for the underserved
William D. Hinz II small business market. Sunrise is committed to recruiting the best -- smart,
CEO motivated, and entrepreneurial people who care about others... those who will
Sunrise Bank of Arizona take a personal interest in small business owners, get to know their businesses,
and help them reach their goals... people who know that by helping their
J. Garth Jax customers prosper, they will succeed as well.
Entrepreneur
SBA lending is an innovative vehicle for building a community bank. It requires
Michael L. Kasten a collective team effort to help finance people's dreams, and their
Managing Partner entrepreneurial ventures. Sunrise Bank of Arizona is composed of an
Kasten Investments, LLC entrepreneurial team whose personalities create and innovate to build more banks
of recognized value around real opportunities. The energy that emanates from
Kevin B. Kinerk this team is powerful, and this influence makes a difference in the community,
Executive Vice President in the Bank, and in the spirit exemplified by the employees.
Sunrise Bank of Arizona
John S. Lewis BRINGING THE RELATIONSHIP BACK INTO BANKING.
President, Western Regions
Capitol Bancorp Limited /s/ William D. Hinz, II
William D. Hinz, II
Gerald D. Paquette CEO
President
Caliber Construction, Inc.
4350 East Camelback Road, Suite 100A
Michael L. Smith Phoenix, AZ 85018
Jokake Construction 602-956-6250
www.sunrisebankofarizona.com
OFFICERS
John S. Lewis
Chairman
Michael L. Kasten
Vice Chairman
William D. Hinz II
CEO
Kevin B. Kinerk
Executive Vice President & Secretary
Ross L. Shannon
Executive Vice President, Scottsdale
Marian B. Creel
Senior Vice President
Mary D. Hurley
Senior Vice President & CCO
Joan M. Lessner
Senior Vice President, Scottsdale
Douglas M. Reynolds
Senior Vice President & CCO
Debra L. Ingle
Vice President
Bryan J. Kort
Vice President
Tyrone D. Couch
Vice President
E N T R E P R E N U E R S H I P
14
[PHOTO]
EXECUTIVE OFFICES
GREAT LAKES REGION
L O Y A L T Y [GRAPHIC]
[PHOTO]
EXECUTIVE OFFICES
WESTERN REGIONS
BOARD OF DIRECTORS BLACK MOUNTAIN COMMUNITY BANK
Peter M. Atkinson Before Black Mountain Community Bank was organized three years ago, several
President members of our original team of eight worked together for banks that have since
Black Mountain Community Bank been lost in mergers. We often spoke of having our own bank where banking was
done the way we remembered. Some of us mentioned going to the bank with our
Michael D. Ballard parents when we were kids. Besides the lollipops, what we recalled was how the
President tellers cheerfully greeted our parents by name, and took a few moments to catch
Ballard Communications, Inc. up on what the family was up to. At our dream bank each member of the team would
be upbeat like that, because each member of the team would be working at a job
Michael J. Devine he or she genuinely enjoyed and one where he or she knew his or her contribution
Attorney at Law was valued. Our customers would want to do business with us, rather than the
next bank down the street, because they would know that we could, and would,
Betty A. Kincaid serve them better than any other bank.
President
Southwest Exchange Corporation Once our bank was capitalized, creating was relatively easy. Three years later,
our team now numbers twelve, and we collectively have 296 years of banking
Charles L. Lasky experience. Our shareholders expect a strong return on their investment. In
President order to accomplish that, we have recruited and retained satisfied customers
Lasky, Fifarek & Hogan, P.C. like those we envisioned in our planning sessions. We have earned the respect of
our customers, who are engaged as extended members of the Team. We trust each
Claire M. MacDonald other to do our respective jobs with excellence and our clients trust us to
MacDonald Properties effectively handle their banking business.
Thomas C. Mangione Because of the mutual respect among bank team and customers, we are able to
Chairman, President & CEO provide superior service in extraordinary circumstances. Recently, a customer
Red Rock Community Bank and his wife were vacationing in Mexico when she became critically ill. It
became necessary that she be quickly airlifted to Las Vegas at great expense.
Michael J. Mixer When the Bank received a telephone call requesting that a large sum be wire
Corporate Broker transferred to Mexico, we had all of the normal concerns. We worried for her
Colliers International health, as she was personally known by all of us. As professionals, we had to be
sure our customer was in fact, making the request. We also needed to confirm
Colleen C. O'Callaghan-Miele that our customers weren't being forced, under duress, to transfer the amount out
VP/Circulations Manager of their accounts. Our bank manager was able to talk to our customers by phone at
H.B.C. Publications the hospital and confirm to her satisfaction that the request was real so the
funds could be wired to Mexico. Two months later, to our great pleasure, the
Phillip N. Ralston recovered customer walked into the bank to personally thank us.
Chief Financial Officer/Treasurer
American Nevada Company The original team is proud that Black Mountain Community Bank has developed the
way we designed it. Our customers are glad we live our bank motto... banking the
Joseph D. Reid III way you remember.
Corporate Counsel
Capitol Bancorp Limited
/s/ Peter M. Atkinson
Christopher G. Samson Peter M. Atkinson
President & Owner President
FN Investments Inc.
1700 West Horizon Ridge Parkway, Suite 101
OFFICERS Henderson, NV 89102
702-990-5900
Thomas C. Mangione www.blackmountaincommunitybank.com
Chairman & CEO
Michael J. Devine
Vice Chairman
Charles L. Lasky
Secretary
Peter M. Atkinson
President
David S. Rennick
Executive Vice President & CCO
Dennis L. Monson
Senior Vice President
Kathy M. Lucero
Vice President
RaMon McBride
Vice President
Shari A. Smith
Vice President & Manager
L O Y A L T Y
16
CAPITOL NATIONAL BANK BOARD OF DIRECTORS
Capitol National Bank recognized a little more than twenty years ago, the Robert C. Carr
importance of developing a strong spirit of loyalty to our employees. They, in Executive Vice President
turn, have shown the same concern and dedication, not only to the Bank, but also Capitol Bancorp Limited
to our customers. We have always encouraged a working atmosphere that is
respectful and caring of one another, knowing those same traits are key to Nan Elizabeth Casey
providing successful customer relationship management. Attorney at Law
Fraser Law Firm
To that end, CNB encourages a free flow of employee ideas on how to improve our
product and service delivery. We encourage and expect our management and staff Charles J. Clark
to continually enhance their job knowledge and skills by participating in President
banking courses and seminars. Several years ago we began monthly "Lunch & Learn" Clark Construction Company
programs conducted by our senior management team. This format has been an
excellent tool to continually reinforce a strong sense of camaraderie, as well Brian K. English
as showing our commitment to making our employees the best they can be. By General Counsel
regularly providing training and information about the Bank, its products and Capitol Bancorp Limited
banking in general, members of our team increase their value to the Bank, and to
each other. David E. Ferguson
President
This work environment, which enhances employee value and reliability, has been Ferguson Development
nurtured and is a key ingredient in the development of our long-lasting customer
relationships. Unlike the behavior of many of today's larger financial Patrick F. Hayes
institutions, we always try to work with our customers both in good times and President
during periods when running a profitable business is more challenging. We do not F.D. Hayes Electric
run hot or cold based on the economy or a customer's short-term performance. We
value loyalty, character, integrity and working together to create an Richard A. Henderson
environment that has been critical to the long-term success of our customers and President
the Bank. Henderson & Associates, PC
The fact that the average tenure of members of our management team is 14 years J. Christopher Holman
gives our staff and customers the comfort of knowing we will continue to be here Publisher
to meet their needs. That level of continuity has no price tag as we build and Greater Lansing Business Monthly
expand a solid business base, which in turn becomes a wonderful referral source,
continually assisting Capitol National's development plan and success. L. Douglas Johns, Jr.
Vice President
Mid Michigan Investment Company
SMALLER BANK. BIGGER SERVICE.(TM)
Kevin A. Kelly
/s/ John C. Smythe Managing Director
John C. Smythe Michigan State Medical Society
President & CEO
Mark A. Latterman
President
200 Washington Square North Latterman & Associates, PC
Lansing, MI 48933
517-484-5080 Charles J. McDonald
www.capitolnational.com Cashier-Great Lakes Region
Capitol Bancorp Limited
John D. O'Leary
Co-President
O'Leary Paint Company
Patricia A. Reynolds
Development Consultant
Kolt & Serkaian Communications, Inc.
John C. Smythe
President & CEO
Capitol National Bank
OFFICERS
Robert C. Carr
Chairman
Mark A. Latterman
Vice Chairman
Patrick F. Hayes
Secretary
John C. Smythe
President & CEO
John R. Farquhar
Senior Vice President
David E. Feldpausch
Vice President
Lori M. Garcia
Vice President
Theodore M. Terzian
Vice President
L O Y A L T Y
17
BOARD OF DIRECTORS ELKHART COMMUNITY BANK
Nancy B. Banks Loyalty to our shareholders, clients, and employees is demonstrated daily at
Community Volunteer Elkhart Community Bank. Extraordinary customer anecdotes evidencing the loyalty
of our banking professionals stand side-by-side with day-to-day procedures,
R. Steven Bennett which reinforce the importance of loyalty.
President
Voyager Products, Inc. When one of our clients was purchasing a condominium in Florida, an opportunity
arose to demonstrate our core values. We had discussed a real estate loan and
Kenneth W. Brink planned on closing it the following Tuesday morning so the customer could take
Treasurer the check with him when he flew to Florida that afternoon. On the Saturday prior
Hart Housing Group, Inc. to the scheduled closing, we received a call at home from the client saying he
needed the check on Monday afternoon instead of Tuesday. Because that Monday was
Steven L. Brown a holiday, the Bank was not scheduled to be open. We were able to come into the
President bank on a Sunday afternoon and prepare the appropriate loan information, to
Elkhart Community Bank accommodate this emergency request for our client.
Robert C. Carr Our procurement policy reminds us routinely of our loyalty to community vendors.
Executive Vice President We believe that giving business back to our clients and community first is an
Capitol Bancorp Limited important part of relationship banking and a true advantage over our big bank
competitors. During 2002, we needed to replace the heating and air conditioning
Andrew W. Frech units for our bank building. Both of the firms from which the Bank solicited
Chairman & CEO bids on the job have borrowing and depository relationships with the bank. Even
Ancon Construction Company, Inc. when the Bank is planning a small lunch for our board meetings, we hire local
eateries that bank here to cater the meals.
Curtis T. Hill, Jr.
Attorney at Law Elkhart Community Bank exhibits loyalty every day. We understand that we are in
Elkhart Co. Pros. Attorney Office business because of our directors, employees, shareholders, and our clients, and
we treat them with the respect that they deserve.
Richard J. Jensen
Retired
ELKHART'S BANK.
Richard L. Max, Sr.
President & General Manager /s/ Steven L. Brown
Heart City Enterprises House of Herbs Steven L. Brown
President
Myrl D. Nofziger
President
Hoogenboom Nofziger 303 South Third Street
Elkhart, IN 46516
Brian J. Smith, CPA 574-295-9600
President www.elkhartbank.com
The Heritage Group
Jack E. Welter
President
Elkhart Plastics, Inc.
OFFICERS
Robert C. Carr
Chairman & CEO
Myrl D. Nofziger
Vice Chairman & Secretary
Steven L. Brown
President
Lori A. Faltynski
Vice President
Kenneth L. Kasamis
Vice President
Vincent J. VonDerVellen
Vice President
L O Y A L T Y
18
GRAND HAVEN BANK BOARD OF DIRECTORS
In May of 1995, Grand Haven was ready for a community bank. Small banks offer a Stanley L. Boelkins
high level of personal customer service and attention. The concept of meeting Appraiser
face-to-face across the desk with customers is reminiscent of days gone by. Boelkins & Associates
Grand Haven Bank takes a common sense approach toward banking to meet the needs John D. Groothuis
of its customers. The Bank began with word-of-mouth referrals, knocking on doors President & CEO
and building trust and relationships. As the customers' needs have grown, so has Grand Haven Bank
the Bank. We opened with 4 employees; Grand Haven Bank now has over 30
professionals on its team. Mark A. Kleist
Attorney at Law
Needs have changed, but our focus remains on customer service and relationship Scholten and Fant, P.C.
building. The Bank has continually added products, services and people to meet
the needs of our customer. This includes both personal and business banking, Steven L. Maas
commercial, consumer and mortgage lending, investment services, on-line, Vice President
telephone and drive-through banking. Gillisse Construction Company
All of Grand Haven Bank's employees are respected and encouraged to be creative, Michael A. McKeough
develop solutions, and make solid decisions, which fosters high morale, team President
support, loyalty and improved customer service. A note recently received from a McKeough Land Company Inc.
customer reads, "Besides being an efficient and competent bank for my banking
needs, you are all so very nice when I come to see you." Calvin D. Meeusen
Managing Partner
Loan Committee meetings have an essence of a forgotten era in banking where Calvin D. Meeusen, CPA
Directors consider not only the financial merit of a loan request, but the
people behind the project and their families. This approach demonstrates Grand Robert J. Trameri
Haven Bank's willingness to think holistically to accomplish the financing goal, Retired
rather than trying to make the customer's project fit into an inflexible,
standardized formula. Bruce A. Thomas
Chief of Bank Performance
Grand Haven Bank consistently endeavors to meet the needs of its customers and Capitol Bancorp Limited
its employees. In doing so, we build lasting relationships that promote
satisfaction in a job well done, continued loyalty, numerous referrals, and John P. Van Eenenaam
satisfied customers that want to be known by name and not just by an account Attorney at Law
number or address. Scholten and Fant, P.C.
The key to this success has been maintaining the high level of service that Bernard J. Wade
customers have come to expect and demand. President
Advanced Signs, Inc.
CARING THROUGH INVOLVEMENT. Gerald A. Witherell
President
/s/ John D. Groothuis Oakes Agency, Inc.
John D. Groothuis
President & CEO
OFFICERS
333 Washington Avenue John P. Van Eenenaam
Grand Haven, MI 49417 Chairman
616-846-1930
www.grandhavenbank.com Calvin D. Meeusen
Vice Chairman
Steven L. Maas
Secretary
John D. Groothuis
President & CEO
Karen K. Benson
Vice President
Sherry J. Patterson
Vice President
Todd M. Sellon
Vice President
L O Y A L T Y
19
BOARD OF DIRECTORS OAKLAND COMMERCE BANK
Mark A. Aiello Oakland Commerce Bank has always believed that for a bank, or any business for
Foley & Lardner that matter, loyalty is a reciprocal process. It is unrealistic to believe that
a customer will be loyal to the bank when the bank's actions do not demonstrate
Donald A. Bosco loyalty to the customer.
President
Donald A. Bosco Building, Inc. As an example, a long time customer approached us on behalf of his wife who
wanted to start a computer hardware/software business. She had been unable to
Robert C. Carr obtain financing at other banks in the Farmington Hills area. The usual declines
Executive Vice President were received.... start-up business, no experience, no money.... no loan.
Capitol Bancorp Limited
Because of the long-term bank relationship with our customer, we responded to
Mark B. Churella his request to meet with his wife and explore her business needs. We eventually
President & CEO determined that with her technical background and professional contacts, her
FDI Group request had merit. We were also convinced that her business plan was sound and
that all she needed was a small working capital line of credit to get the
Leon S. Cohan business up and running. We provided the initial loan in 1993, and have provided
Counsel to the Firm several increases through the years. Today, the company is very profitable and
Barris, Scott, Denn & Driker is poised to generate several million dollars in revenue.
Michael J. Devine Other banks now approach this customer on a regular basis, but the customer
Attorney at Law informs them that there is only one bank that she deals with... Oakland Commerce
Bank.
Jeffrey L. Hauswirth
CPA, CVA, Principal We are also loyal to our employees. We have a solid history of, first and
Jenkins, Magnus, Volk & Carroll, PC foremost, promoting from within. One of the key members of the Oakland Commerce
Bank management team began her career as a teller sixteen years ago. She then
James R. Kaye moved to various departments within the Bank and developed her position to the
President & CEO level of Vice President. She is also a key member of the senior management staff
Oakland Commerce Bank who relies on her sense of history, overall knowledge of the customers and the
mechanics of banking operations.
Ihor J. Kuczer
Senior Vice President Our customers, directors, and employees all enjoy the success of Oakland
Oakland Commerce Bank Commerce Bank that, by design, requires that we rely on one another.
David F. Lau
Lau & Lau Associates, L.L.C. OAKLAND COMMERCE BANK...
OFFERING DIVERSE LENDING SOLUTIONS FOR OUR COMMUNITY.
Jeffrey M. Leib
President /S/ James R. Kaye
Leib, Leib & Kramer James R. Kaye
President & CEO
Akram G. Namou
CPA
31731 Northwestern Highway
Julius L. Pallone Farmington Hills, MI 48334
President 248-855-0550
J.L. Pallone Associates www.oaklandcommerce.com
Francine Pegues
Regional Sales Director
Blue Cross Blue Shield of Michigan
Southeast Region
OFFICERS
Michael J. Devine
Chairman
Robert C. Carr
Vice Chairman
James R. Kaye
President & CEO
Ihor J. Kuczer
Senior Vice President & Secretary
Thomas K. Perkins
Vice President
Nicolet B. Cassidy
Vice President
James F. Miller
Vice President
L O Y A L T Y
20
PORTAGE COMMERCE BANK BOARD OF DIRECTORS
During 2002, Portage Commerce Bank entered its fifteenth year of exceeding the Paul R. Ballard
financial service needs of small businesses and individuals. No greater measure Retired President & CEO
can be found of the loyalty and dedication established among the Bank, its Portage Commerce Bank
employees, and its customers than the long-standing relationships that have
developed. We are proud that two of the six employees that opened the Bank David L. Becker
reached retirement serving our customers. Five of our employees have over ten Retired Insurance Agent
years of service and nine have more than five years of service. Their dedication
is appreciated. Thomas R. Berglund, MD
Portage Physicians
At the same time, we have built a loyal following among the people we serve,
including over 300 accounts established during our inaugural year that continue Robert B. Borsos
to do business with us today. Our most effective resource in the development of Attorney & Shareholder
new business opportunities continues to be testimonials of the customers who Kreis, Enderle, Callander & Hudgins, PC
helped launch their bank, in addition to newer faithful customers.
John M. Brink, CPA
In 1988 a group of local businesspeople who helped form Portage Commerce Bank Partner
accepted the responsibility of participating on its board of directors. Nine of Brink, Key & Chludzinski, P.C.
those original directors remain on the board today! It is their steadfast,
focused attention on broadening the customer base that supports and sustains the Patricia E. Dolan
Bank. In 1999, a number of them formed a partnership that built the current Community Volunteer
banking facility, providing a more substantial presence in the Portage market.
Their continued investment in our community reflects the entrepreneurial spirit Alan A. Halpern, MD
that launched Portage Commerce Bank. Michigan Orthopedic Surgery &
Rehabilitation, PC
We renew our commitment to provide quality bank products and service to our
community and to offer our employees an opportunity to work in an environment Robert L. Johnson
that treats them with respect. We look forward to the future, continuing to give Retired Secretary & Treasurer
back to the community that has offered us so much. Medallion Properties, Inc.
Michael L. Kasten
WE APPRECIATE THE OPPORTUNITY TO SERVE OUR COMMUNITY. Managing Partner
Kasten Investments, LLC
/s/ Dennis J. Kuhn
Dennis J. Kuhn Dennis J. Kuhn
President & CEO President & CEO
Portage Commerce Bank
800 East Milham Road Paul M. Lane, PhD
Portage, MI 49002 Seidman School of Business
269-323-2200 Grand Valley State University
www.portagecommerce.com
William J. Longjohn
Retired Vice President
Midwest Business Exchange
John W. Martens, CPA
Retired
Russell M. Rathburn
President
Rathco Safety Supply, Inc.
OFFICERS
Michael L. Kasten
Chairman
William J. Longjohn
Vice Chairman & Secretary
Dennis J. Kuhn
President & CEO
James V. Lunarde
Senior Vice President
Roy L. Dangel, Jr.
First Vice President
Kenneth R. Blough
Vice President
John M. Crandle
Vice President
Kimberlee M. Ferris
Vice President
Cheryl M. Germain
Vice President and Cashier
Beth A. Wright
Vice President
L O Y A L T Y
21
BOARD OF DIRECTORS SOUTHERN ARIZONA COMMUNITY BANK
William R. Assenmacher Loyalty is a quality that's becoming increasingly harder to find, whether it's
President employee loyalty to a company or consumer loyalty to a product.
T.A. Caid Industries, Inc.
The way we treat our bank customers begins with the way we treat each other. The
Jody A. Comstock importance of workplace loyalty resonates throughout the corporate world. There
Physician/Owner are systemic links between employee loyalty and organizational performance. At
Skin Spectrum Southern Arizona Community Bank, employee loyalty deserves a place on the
balance sheet, right next to other key assets.
Michael J. Devine
Attorney at Law Building loyalty is not an easy task, but one we focus on every day. The
pendulum of employer-employee loyalty has swung from one extreme to the other in
Robert A. Elliott the past 50 years. What constitutes the key responsibilities of a loyal
President & Owner employer? Collecting employee feedback. Assessing and rewarding performance, and
The Elliott Accounting Group offering the right jobs to the right people. Giving employees a stake in the
business.
Brian K. English
General Counsel Employees must take charge of their own careers, but a good company will offer
Capitol Bancorp Limited the tools to succeed. It is the employee's responsibility to pick up those tools
and use them effectively. Take training seriously. Responsible employees
Michael W. Franks understand that promotions are not gifts -- they are corporate acknowledgement
Principal for the job done well. In the best of worlds, strong performance and loyalty are
Seaver Franks Architects connected and reinforced through a web of recognition and reward.
Michael L. Kasten Although loyalty's impact on the financial statement of a company is difficult
Managing Partner to measure, at Southern Arizona Community Bank, loyalty is the driving force of
Kasten Investments, LLC our continued success. Seeing the same faces in our bank on a day-to-day basis
promotes a sense of security in our customers. Employee loyalty evolves into
Yoram S. Levy customer loyalty.
President
Yoram Levy Development, Inc. Employee loyalty is the crowning achievement in any business. At Southern
Arizona Community Bank employee and customer loyalty are priceless.
John P. Lewis
President
Southern Arizona Community Bank BANKING THE WAY IT SHOULD BE.
Jim Livengood, Jr. /s/ John P. Lewis
Director of Athletics John P. Lewis
The University of Arizona President
James A. Mather
Attorney at Law & CPA 6400 North Oracle Road
Tucson, AZ 85704
Morgan E. North 520-219-5000
President & Owner www.southernarizonabank.com
Borderland Construction Company, Inc.
James M. Sakrison
Principal
Slutes Sakrison & Hill, P.C.
Jean M. Tkachyk
CFO
University Physicians, Inc.
Paul A. Zucarelli
Principal
CBIZ, Gordon, Zucarelli
& Handley Insurance
OFFICERS
Paul A. Zucarelli
Chairman
Michael L. Kasten
Vice Chairman
Joseph D. Reid
CEO
Robert A. Elliott
Secretary
John P. Lewis
President
Michael J. Trueba
Executive Vice President/CCO
Terri R. Gomez
Senior Vice President
Sue Mullery Hansen
Vice President
Craig A. Larson
Vice President
Mindy C. Webb
Vice President
L O Y A L T Y
22
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C O M M U N I T Y
C O M M I T M E N T [GRAPHIC]
[PHOTO]
OPERATING SERVICES
WESTERN REGIONS
BOARD OF DIRECTORS NAPA COMMUNITY BANK
Kevin S. Alfaro Good stewardship makes its own rewards. The opportunity to demonstrate our
Partner commitment to the community that gives us our name, and our livelihood,
G & J Seiberlich & Co., LLP sometimes arises out of misfortune. Sometimes it involves an act of superior
customer service. Sometimes both.
Geni A. Bennetts, MD
Medical Consulting A new commercial real estate loan was scheduled to be completed in mid-December,
2002. The borrower, a prominent architect in California, has devoted the last 2
Charles H. Dickenson years to renovating a 2-story retail-office building in historic downtown Napa.
Dickenson, Peatman & Fogarty The building is home to a popular restaurant and several retailers on its ground
floor, with several other businesses on the 2nd floor.
William H. Dodd
General Manager, Culligan Water During the preceding 5 days, Northern California had been deluged with rain, and
Napa County Supervisor area lakes, rivers, and streams were at maximum capacity. The Napa River was
nearing flood stage in its course through downtown Napa. At 3 a.m. on the day
Jeffrey L. Epps before our loan transaction, a tributary that flows from the valley's western
President hills to the Napa River unexpectedly overflowed its banks and flooded several
Epps Chevrolet blocks in downtown Napa. Our borrower's property was among the first to be hit
with floodwater, and roads began to close in the area. Later that day,
Douglas W. Hill floodwaters subsided and clean up began. Our borrower was among the first on the
Vineyard Manager scene with crews and equipment to help ground level tenants clean up their shops
Jaeger Vineyards, Inc. in order to hasten the resumption of business.
Andrew L. Hoxsey We were able to make contact with the borrower to determine whether he still
Managing Partner planned to sign loan documents as planned. Upon learning of his harrowing
Napa Wine Company experience with the flood, we agreed to amend his loan to provide additional
funds in support of clean up and repair expenses. Flood insurance eventually
Carlee S. Leftwich covered most expenses, but the borrower was astonished to hear of such an offer.
Former Mayor He was particularly surprised that we were able to amend our loan and keep the
Yountville, California scheduled appointment to sign loan documents.
Harold D. Morrison The borrower expressed appreciation for our responsiveness and took steps to
President notify his tenants of the Bank's proactive service and support. As a result of
Bridgeford Flying Service our service, we have become his primary bank and doors opened to establishing
bank relationships with his tenants. Helping not only our customers, but also
Betty L. O'Shaughnessy the greater community, get back to business with a minimum of lost revenue is
Owner good for Napa and that is good for Napa Community Bank.
O'Shaughnessy Estate Winery
John R. Pappas, DDS, MD /s/ Dennis J. Pedisich
Oral & Maxillo-Facial Surgeon Dennis J. Pedisich
President & CEO
Dennis J. Pedisich
President & CEO
Napa Community Bank 600 Trancas Street
Napa, CA 94558
General Charles E. Yeager 707-227-9300
Retired-Military www.napacommunitybank.com
Advisory Directors
Paul J. Krsek
Managing Partner
K & A Asset Management, LLC
Joseph D. Reid
Chairman & CEO
Capitol Bancorp Limited
OFFICERS
Betty L. O'Shaughnessy
Chairman
Geni A. Bennetts, MD
Vice Chairman
Charles H. Dickenson
Secretary
Dennis J. Pedisich
President & CEO
Richard W. Hemming
Executive Vice President/CCO
Arlette A. Roddy
Vice President
C O M M U N I T Y C O M M I T M E N T
24
PARAGON BANK & TRUST BOARD OF DIRECTORS
Paragon Bank & Trust is proud of its community commitment. A part of the Bank's Dr. Robert J. Bates
involvement in our community's success comes in the form of lending decisions Physician
that fulfill the intent of such governmental initiatives as the Community Western Michigan Urological Assoc. P.C.
Reinvestment Act. It is our people, however, who carry that commitment outside
of the Bank's doors, outside of business hours and into the community, one Charles A. Brower
project at a time. During 2002, Paragon Bank & Trust's staff committed many CPA/Partner
hours of time and energy when: DeLong & Brower, P.C.
The Bank as a whole split into four "work groups" to work on local projects. One Scott Diepenhorst
of our work groups constructed a retaining wall and installed siding on a house Principal
for Habitat for Humanity. Representatives from our local United Way featured a SD & Associates, Inc.
photo of the group in their annual publication. A second group took on the task
of doing odd jobs at the Community Action House. A third group labored at the Paul Elzinga
Holland Rescue Mission and a fourth group of employees put on their painter's Co-Chairman & Director of Business Development
caps and assisted Wildlife Unlimited in sprucing up their facilities. Not only Elzinga & Volkers, Inc.
did these activities benefit the community, but we also gained a positive
feeling from helping others in need. John D. Groothuis
President & CEO
We have acted as a community sponsor in a local "adopt-a-park" project. We Grand Haven Bank
"adopted" a local skate park, which is very close to our new location in
Holland. It is our job to keep the park clean and the equipment safe for those Jeffrey K. Helder
who enjoy this facility. Attorney at Law
Cunningham Dalman, PC
The local United Way recognized the Bank's 100% employee participation during
the recent annual campaign. Lawrence D. Kerkstra
Chairman of the Board
A group from our bank raised over $1,000 by walking in a local Juvenile Diabetes Kerkstra Precast, Inc.
Foundation fundraiser.
Scott G. Kling
We know that our success depends on the success of the community in which we President/Trust & Investments Division
live and work. Paragon Bank & Trust is proud of the spirit exhibited by our Great Lakes Region
dedicated team of employees and their commitment to the Holland community.
Leonard Maas
President
PROVIDING EXCELLENCE IN RELATIONSHIP BANKING. Gillisse Construction Company
/s/ Randall R. Smith Mitchell W. Padnos
Randall R. Smith Executive Vice President
President & CEO Louis Padnos Iron & Metal Company
Henri P. Paterson
240 E. 8th Street Associate Broker/Partner
Holland, MI 49423 Woodland Realty, Inc.
616-394-9600
www.paragonbank.com Randall R. Smith
President & CEO
Paragon Bank & Trust
Richard G. Swaney
Attorney at Law
Swaney & Thomas, P.C.
Bruce A. Thomas
Chief of Bank Performance
Capitol Bancorp Limited
Robert J. Trameri
Retired
Paragon Bank & Trust
DIRECTOR EMERITUS
Richard H. Ruch
OFFICERS
Richard G. Swaney
Chairman
Robert J. Bates
Vice Chairman
Randall R. Smith
President & CEO
Eric J. Hoogstra
Senior Vice President/Trust Officer
G. Robert Mohr
Senior Vice President
M. Jane Reimersma
Vice President
Dean R. Weerstra
Vice President/Trust Officer
C O M M U N I T Y C O M M I T M E N T
25
BOARD OF DIRECTORS SUNRISE BANK OF ALBUQUERQUE
Frederick D. Bernson At Sunrise Bank of Albuquerque, we embrace our state's multicultural composition
President through active participation in local organizations formed to promote a sense of
Sunrise Bank of Albuquerque community, as well as our diversity. We pride ourselves in being active
participants in many organizations and projects, which exemplify this
Turner W. Branch commitment:
Branch Law Firm, P.A.
* Sunrise Bank of Albuquerque is an active member of The Albuquerque Chamber
David J. Daniel of Commerce, Albuquerque Economic Development, the Greater Hispano Chamber
Executive Vice President of Commerce, the American Indian Chamber of Commerce of New Mexico, and the
Sunrise Bank of Albuquerque Downtown Action Team.
Helen A. Elliott * Sunrise Bank of Albuquerque was a significant sponsor of the Hispano
CPA Chamber of Commerce fundraiser for the new Hispanic Cultural Center in
Helen Elliott & Associates, PC Albuquerque. Sunrise Bank was also the Title Sponsor for the American
Indian Chamber fundraiser for scholarships for Native American youth.
E. Gary Fichtner
Esthetic Dental Arts, Inc. * Sunrise Bank of Albuquerque aggressively participates in Small Business
Administration Loan programs, which create jobs and help with community
Donald E. Fry, MD redevelopment. Sunrise Bank of Albuquerque is located in the heart of the
UNM-School of Medicine Downtown Revitalization District and has been instrumental in assisting the
development of new businesses in the Revitalization Zone.
William D. Hinz II
President * Sunrise Bank of Albuquerque has originated numerous credit facilities for
Sunrise Bank of Arizona the building of low-income apartment projects, and has provided funding for
low and moderate-income housing developments.
John R. Lewinger
CEO * Several of our employees are active participants in the Credit
Grubb & Ellis/Lewinger Hamilton Professionals International as well as the National Association of Women
Business Owners. These organizations are directly involved in community
Jason A. Shaffer causes, including scholarships for lower income disabled children,
CEO counseling, and many other charitable endeavors.
Sunrise Bank of Albuquerque
It is through the considerable efforts of the directors, officers and employees
Randy E. Whitehead of Sunrise Bank of Albuquerque that our institution has been a significant
President contributor to the success of our community.
New Mexico Coffee Company
SMALLER BANK. BIGGER SERVICE.(TM)
OFFICERS
/s/ Jason A. Shaffer
William D. Hinz II Jason A. Shaffer
Chairman CEO
Jason A. Shaffer
CEO 225 Gold SW
Albuquerque, NM 87102
Frederick D. Bernson 505-244-8000
President www.sunrisebankofalbuquerque.com
David J. Daniel
Executive Vice President, Secretary & CCO
Conni L. Nunez-Jones
Vice President
J. Rodney Tafoya
Vice President
C O M M U N I T Y C O M M I T M E N T
26
VALLEY FIRST COMMUNITY BANK BOARD OF DIRECTORS
Valley First Community Bank is committed to supporting our community through W. Craig Berger
involvement in civic and non-profit organizations. Our commitment extends beyond CLU, ChFC
fiscal support. Spence, Driscoll & Company
We are a community partner with Camp CEO, an alliance of public and private Marilyn D. Cummings
organizations that sponsors and runs a one-week summer camp for young women ages Realtor
13-17. The Camp introduces them to the possibilities of becoming business owners Russ Lyon Realty Company
or executive professionals through a series of talks and group activities,
including a Ropes course and a Business-in-a-Box project. All counselors and Michael J. Devine
presenters at the camp are female business owners and executives who interact Attorney at Law
with and mentor the young women throughout the week. I plan to represent Valley
First by chairing the sponsorship committee and serving as a camp counselor Judith R. Egan
during the 2003 camp. President
Valley First Community Bank
In December 2002, a group of Valley First employees orchestrated a support
campaign for the Chrysalis Shelter for Victims of Domestic Violence, a local William R. Fitzpatrick
organization that provides safe housing, counseling and domestic support for CPA
victims of domestic violence. Our team obtained a wish list from Chrysalis and Hein & Associates, LLP
then developed a holiday campaign that involved a lobby display and a direct
solicitation of employees, directors and customers. By the end of the 3-week Steven M. Goldstein
campaign, we had filled to overflowing an entire section of our lobby with Attorney at Law
diapers, bedding, toys, clothing, baby and toddler accessories, food, and cash, Sacks, Tierney, P.A. Lawyers
which we delivered with great joy to the very appreciative executive director of
Chrysalis. In 2003, our employees plan to conduct at least two more similar Dr. Ross Halliday
campaigns for Chrysalis. General Orthopedics
Institute for Bone & Joint Disorders
We have developed a special banking program for Scottsdale-based nonprofit
organizations that includes a package of free basic banking services. We also Michael L. Kasten
offer our conference room free of charge to local non-profit groups for their Managing Partner
monthly meetings. Kasten Investments, LLC
At Valley First Community Bank we believe in the power of partnership. We are Donald J. Mahoney
very proud to actively partner with the nonprofit and civic organizations in our Managing Director
community. Together we can help our community grow and improve our collective Trammell Crow Company
quality of life.
Gordon D. Murphy
Retired EVP
OUR BUSINESS IS HELPING YOUR BUSINESS TO GROW! Arizona Bankers Association
/s/ Judith R. Egan Harry Rosenzweig, Jr.
Judith R. Egan Co-Owner
President Harry's Fine Jewelry
Patricia B. Ternes
7501 East McCormick Parkway, Vice President
North Court, Suite 105N Dain Rauscher Incorporated
Scottsdale, AZ 85258
480-596-0883
www.valleyfirstbank.com OFFICERS
Gordon D. Murphy
Chairman
Michael J. Devine
Vice Chairman
Harry Rosenzweig, Jr.
Secretary
Joseph D. Reid
CEO
Judith R. Egan
President
David D. Fortune
Executive Vice President/CCO
J. Patrick Blaine
Vice President
Victoria L. Bushnell
Vice President
David F. Forwood
Vice President
Daniel R. Klenske
Vice President
Nancy E. Selby
Vice President
C O M M U N I T Y C O M M I T M E N T
27
BOARD OF DIRECTORS YUMA COMMUNITY BANK
Bruce I. Ash Yuma Community Bank has built on its motto of "Putting Yuma First," not only by
Vice President continuing to focus on exceptional customer service, but also by giving the
Paul Ash Management, LLC staff the opportunity to live that motto every day.
Steven M. Binkley, Jr. Yuma Dentist Craig Barrows was pleasantly surprised by his experience with Yuma
SW Division Manager Community Bank's new chief credit officer. "I called and Keith's response was,
Arizona Public Service Company `What can we do for you? When is a good time for me to come to your office?'
I've had other banks tell me to come in and fill out the paperwork. This bank
Katherine M. Brandon was able to deliver what I needed a lot faster than what I was expecting.
President Customer service is going away all over the country. I know how important it is,
Yuma Community Bank and so does Yuma Community Bank. They just do everything for you."
Raymond R. Corona Jane Kiley, who owns Hunter Employment Services with her husband, Tom, said they
Optometrist and President have found Yuma Community Bank to be very responsive. "When we have had
Corona Optique processes we needed to do differently, they were able to accommodate us
cheerfully - we were able to use the Internet very effectively" she said. "The
Juli Jessen staff at the bank has a can-do attitude. You tell them your needs and they find
Director a way to do it."
Gowan Company
In addition to "Putting Yuma First" in the Bank, our employees have taken their
Ram R. Krishna commitment to the community beyond the Bank. By joining organizations like the
Ram R. Krishna, MD, P.C. board of the Yuma Community Food Bank, they are able to use their contacts to
connect with farmers and get their products donated to the Yuma Food Bank.
John T. Osterman
Owner Yuma Community Bank's pledge to put Yuma first is the essence of a solid
Osterman Financial Group commitment to serve the community.
David S. Sellers
President PUTTING YUMA FIRST.
Sellers Petroleum Products, Inc.
/s/ Katherine M. Brandon
Caryl L. Stanley Katherine M. Brandon
Partner President
Costen-Stanley Partnership
John R. Sternitzke 454 West Catalina Drive
President Yuma, AZ 85365
Sternco Engineers, Inc. 928-782-7000
www.yumabank.com
Pamela K. Walsma
Attorney at Law
Westover, Shadle, Carter & Walsma, PLC
Ronald S. Watson
Broker/Owner
Era Matt Fischer Realtor
Leonard C. Zazula
Cashier-Western Regions
Capitol Bancorp Limited
OFFICERS
Ronald S. Watson
Chairman
Ram R. Krishna
Vice Chairman
Joseph D. Reid
CEO
Pamela K. Walsma
Secretary
Katherine M. Brandon
President
Keith L. Simmonds
Executive Vice President & CCO
Theresa N. Wine
Senior Vice President
Kari M. Reily
Vice President
Roy E. Brown
Vice President
C O M M U N I T Y C O M M I T M E N T
28
[PHOTO]
RISK MANAGEMENT
WESTERN REGION
I N T E G R I T Y [GRAPHIC]
[PHOTO]
RISK MANAGEMENT
GREAT LAKES REGION
BOARD OF DIRECTORS ANN ARBOR COMMERCE BANK
Robert C. Carr Customers -- staff -- shareholders -- community. When each supports the other,
Executive Vice President respect, reliability, and fidelity create trust and confidence.
Capitol Bancorp Limited
`Take care of the customers and the numbers will take care of themselves' has
Richard G. Dorner been the basis of our decision-making. When this is the emphasis, staff,
President & CEO shareholders and the community all benefit. Since our inception in 1990, we have
Ann Arbor Commerce Bank experienced a variety of economic conditions. `Taking care of the customer'
cannot be a generic phrase -- the individual and the situation must define it.
James A. Fajen During the 13 years since we opened our doors, we have prospered by learning
Attorney at Law what options to offer during various economic climates. The most recent trend in
Fajen & Miller, P.L.L.C. the economy has benefited the borrower. The Federal Reserve System's pattern of
lowering interest rates has been beneficial to the business community.
James W. Finn Start-ups, spin-offs and expansions flourish during periods of low interest
Chairman & CEO rates. Certainly, individuals have enjoyed the low mortgage rates. Refinancing
Finn's-JM&J Insurance Agency, Inc. and investing in home remodeling or a house upgrade have balanced the consumer's
lack of gains in other markets.
H. Nicholas Genova
Chairman & CEO But what about those who save? Current lower interest rate trends have not
Washtenaw News Co. Inc. provided a benefit to them. This comes at the time when the largest segment of
H.N. Genova Development consumers, the `Boomers', has experienced a diminished need to borrow with a
greater emphasis on saving and investing. We wanted to create a benefit for
Richard M. Greene those consumers. To that end we offered a CD Upgrade Voucher Promotion in
President February 2002, anticipating CD rates would increase within the next few months.
Point Training As that was not the case, we decided to extend the offer and provide options
that will benefit the customer and are fair to the Bank. We have been able to
Marilyn D. Katz-Pek realize our full potential by applying fairness to all involved. We have a loyal
General Managing Partner customer base because we always seek to do the right thing.
Biotechnology Business Consultants
James C. Keen BUILDING LASTING RELATIONSHIPS...CREATING LIFETIME VALUE.
President
Cliff Keen Athletic /s/ Richard G. Dorner
Richard G. Dorner
David W. Lutton President & CEO
President
Charles Reinhart Company
2950 State Street South
Fritz Seyferth Ann Arbor, MI 48104
Consultant 734-887-3100
Fritz Seyferth & Associates www.annarborcommerce.com
Dr. Carl Van Appledorn
Vice President
Urological Surgery Associates, P.C.
Warren E. Wright
Chairman & Partner
Renosol Corporation
OFFICERS
James A. Fajen
Chairman
Robert C. Carr
Vice Chairman
Warren E. Wright
Secretary
Richard G. Dorner
President & CEO
Clifford G. Sheldon
Executive Vice President
John J. Wilkins
Senior Vice President
Mary Hayes
Vice President
Rick H. James
Vice President
Louise A. Morse
Vice President & Cashier
John Nixon III
Vice President
James J. Plummer
Vice President
Bryan T. Singer
Vice President
Richard G. Tice
Vice President
I N T E G R I T Y
30
ARROWHEAD COMMUNITY BANK BOARD OF DIRECTORS
As we organized Arrowhead Community Bank, the staff and founding board members Shelley L. Bade
developed new relationships within the local business community: trades people, RPA, President
community leaders, prospective investors and local media. We learned that these Bade Commercial Services, Inc.
people were excited about the prospect of a bank focusing on building
relationships. From "Day One", we shared the concept of a true community bank; David Brnilovich
developing relationships based on honesty and trust; and establishing a Jennings, Strouss & Salmon, P.L.C.
reputation for business integrity.
W. Patrick Daggett
Integrity is our standard. Board members and staff instinctively act with CPA
integrity in all aspects of business. In selecting key personnel, we look for Daggett & Daggett, LLP
that same kind of values match. Integrity within our organization is assumed --
it is the standard, not the exception. Michael J. Devine
Attorney at Law
We, at Arrowhead, have a "golden rule" to do what we say we are going to do,
when we say we are going to do it. It is our practice to fully disclose all Richard J. Hilde
costs related to doing business with Arrowhead at our first meeting with a Owner & CEO
prospective client. This practice, at times, initially results in the loss of EPW, Inc.
business to the competitors who appear to offer lower pricing. However, many
times, these prospects return to our Bank once our competitors fully disclose Michael L. Kasten
their pricing and fees. The Bank's straight-forward approach during the initial Managing Partner
meeting transforms prospects into clients. We firmly believe if we are Kasten Investments, LLC
forthright and act with integrity, we save the client time and money, which
gains and preserves valuable relationships. Arlene Kulzer
President
A recent residential real estate loan applicant would agree. She was concerned Arrowhead Community Bank
about the fees and time involved in the refinance of her home. Rather than
attempt to persuade her to refinance with us, we suggested she speak with her Dennis E. Landauer, CPA
current mortgage company about a streamline refinance. She did, was very pleased American Express Tax
with our guidance and has since referred several clients to the Bank. & Business Services
While the American media is full of examples of questionable business practices, Dr. Elaine P. Maimon, CEO
we are encouraged by the response to our philosophy "integrity goes hand in hand Arizona State University West
with good business".
James J. McCue
Aviation Consultant
ARROWHEAD COMMUNITY BANK ...A RELATIONSHIP YOU CAN BANK ON. Sherwin Industries
/s/ Arlene Kulzer Terrance C. Mead
Arlene Kulzer Attorney at Law
President Mead & Associates
John C. Ogden
17235 North 75th Avenue, Suite B100 President & CEO
Glendale, AZ 85308 SunCor Development Company
623-776-0800
www.arrowheadcommunitybank.com Carol A. Poore
Vice Provost
Arizona State University West
Richard A. Shelton
Executive Director
Symphony of the West Valley
OFFICERS
Michael L. Kasten
Chairman
John C. Ogden
Vice Chairman
Joseph D. Reid
CEO
James J. McCue
Secretary
Arlene Kulzer
President
Dennis E. Landauer
Chair, Directors Loan Committee
Gary L. Weitner
Executive Vice President/CCO
William H. Smith
Senior Vice President
Deborah M. Charlesworth
Vice President
Barry S. Edwards
Vice President
Ursula L. Jackson
Vice President
I N T E G R I T Y
31
BOARD OF DIRECTORS DETROIT COMMERCE BANK
Ralph J. Burrell Acts of kindness and commitment to the community are a standard of behavior we
President practice each and every day at Detroit Commerce Bank. Our customers learn to
SymCon expect a high level of integrity from us. We earn their trust. All of our
customers, from high profile professionals to those with modest bank activity,
Robert C. Carr know we will always do what we can, morally and ethically, to protect their good
Executive Vice President name and financial reputation. Offering valued customers the benefits of on-line
Capitol Bancorp Limited banking increases confidentiality and benefits both the bank, in goodwill, and
the customers, in increased accessibility. The customers who benefit from such
Vivian L. Carpenter an act of consideration tells friends how well the bankers at Detroit Commerce
President Bank treat them.
Atwater Entertainment Associates
In some cases we generate additional business for the bank simply by
Donald M. Davis, Jr. exemplifying honorable behavior. When one of our customers was ill, we were
Vice President asked to provide some financial oversight to ensure that his money was safe from
Health Alliance Plan unauthorized transactions until he was well enough to resume responsibility for
his own finances. Later, that same customer found himself in need of greater
Barbara B. Gattorn fiduciary assistance than we, as his bank, were prepared to provide. We did,
Senior Advisor to the President however, assist him with securing a guardian appointed by the probate court,
Detroit Regional Chamber thus saving his retirement funds. The guardian was so impressed with the
honorable handling this man's finances received from Detroit Commerce Bank, the
John R. Hirzel guardian became a customer who now brings his probate accounts to us on a
CPA regular basis.
Hirzel, Jackson and Swaine, PC
Civic agencies and governmental units have to be particularly prudent in
Martha K. Richardson selecting the professionals who take care of their finances. Detroit Commerce
President Bank considers it a significant endorsement that city leaders and governmental
Service Marketing Specialists, Inc. agencies have found us worthy of being invested with the public trust.
Ben L. Schwegman
President SMALLER BANK... BETTER SERVICE...
Schwegman & Associates, Inc. EXPERIENCE THE DIFFERENCE.
James F. Stapleton /s/ Linda A. Watters
President Linda A. Watters
B & R Consultants President & CEO
Bruce A. Thomas
Chief of Bank Performance 645 Griswold, Suite 70
Capitol Bancorp Limited Detroit, MI 48226
313-967-9700
Linda A. Watters www.detroitcommerce.com
President & CEO
Detroit Commerce Bank
Neal F. Zalenko
President & CPA
Zalenko & Associates, Inc.
OFFICERS
Robert C. Carr
Chairman
Donald M. Davis, Jr.
Secretary
Linda A. Watters
President & CEO
Valora L. Jackson
Vice President
I N T E G R I T Y
32
EAST VALLEY COMMUNITY BANK BOARD OF DIRECTORS
Taking the time to notice that a customer's behavior is out of the ordinary and Mark R. Allen
strained, is good service. Having a relationship that makes that customer feel President & Attorney
comfortable enough to confide in you is just the way we do business at East Mark R. Allen, P.C.
Valley Community Bank. When a charter client asked to view the endorsement on a
cashier's check she had sent through our Bank, an East Valley teammate inquired Blake L. Bottle
further into her request. Partner
Innovative Financial Solutions
In our training as banking professionals, we have all learned that intelligent
people with good common sense are favorite targets of con artists. Those Michael J. Devine
criminals are very practiced and have a ready answer for every objection a Attorney at Law
person is likely to make to their schemes. We believe it is our professional
responsibility to help our customers identify situations that could put their Richard D. Frazier
assets at risk. Executive Director
Chandler Regional Hospital Foundation
At East Valley Community Bank we accomplish this by knowing our customers well.
Because of her prior experiences with the East Valley team and our relationships David L. Heuermann
with her, she was receptive to inquiries about her transaction. President
Axis Mortgage & Investments, LLC
The customer believed she had won the Canadian Lottery. To claim her $250,000
prize, she was told she would need to send the taxes due in the form of a Michael L. Kasten
cashier's check made payable to her husband. The cashier's check was to be held Managing Partner
and returned to her when she received her lottery winnings. She waited four long Kasten Investments, LLC
weeks for the armored car to deliver her winnings, speaking often with
fictitious Canadian lottery officials who assured her that customs was holding Don B. Lindner
up her delivery, and that she must have patience to reap this great reward. Senior Consultant
Meanwhile, she learned that the check had cleared the Bank. Charon ECA
By the time she asked East Valley Community Bank to view the endorsement, our Darra L. Rayndon
client was certain that she had lost $10,000, with no hope of recovery. The bank Principal & President
operations officer intervened with good news. The endorsement on the cashier's Rayndon & Longfellow, PC
check was obviously a forgery, and instead of a few days, as she had been lead
to believe, our client had plenty of time to dispute the transaction. Happily, Gerry J. Smith
her $10,000 has been returned to her. President
East Valley Community Bank
This customer's experience demonstrates how East Valley Community Bank operates.
We take the time, every time, to do the right thing. Our customers call this James C. Stratton
integrity. We are proud to be a Bank that identifies integrity as a core value. President & CEO
Boys & Girls Clubs of Scottsdale
IN A WORD... QUALITY. Joseph A. Tameron
CPA/Partner
/s/ Gerry J. Smith Skinner, Tameron & Company, LLP
Gerry J. Smith
President Deborah A. Waitkus
Owner
Golf for Cause
1940 North Alma School Road
Chandler, AZ 85224
480-726-6500 OFFICERS
www.eastvalleybank.com
Michael L. Kasten
Chairman
Michael J. Devine
Vice Chairman
James C. Stratton
Secretary
Joseph D. Reid
CEO
Gerry J. Smith
President
David D. Fortune
Executive Vice President & CCO
James D. Kennedy
Senior Vice President
Kevin L. Sellers
Senior Vice President
David M. Anderson
Vice President
James C. Laine
Vice President
I N T E G R I T Y
33
BOARD OF DIRECTORS GOSHEN COMMUNITY BANK
Robert C. Carr Goshen Community Bank was formed with four main goals -- provide the best
Executive Vice President service of any Bank in Goshen, provide assistance to the community, establish a
Capitol Bancorp Limited great place for employees to work, and provide an excellent return to
shareholders. Bank employees have opportunities to go above and beyond to assist
David L. Cripe members of our community.
Doctor of Optometry/Senior Partner
Drs. Cripe & Stephens In October 2002 two customers entered Goshen Community Bank and requested a
$7,000 advance on their joint credit card. While this activity seems harmless
Carol M. Ebersole enough, it was when the couple returned and told the customer service
VP Corporate Development representative they needed additional funds that the employees of Goshen
Goshen Health System Community Bank exhibited integrity and an exceptional standard of behavior.
While in conversation to complete the transaction, employees discovered that the
Stephen L. Fidler couple had received a letter offering the chance to win $500,000 if they sent
President money to Israel. The couple attempted to send the money to Israel but did not
Kuert Concrete, Inc. have funds sufficient to cover the wire transfer transaction, so they returned
to the Bank.
Christopher J. Graff
President & Chairman Employees asked the couple if a Bank employee could contact the police to
Marque, Inc. confirm their suspicions about the request. Ultimately, the police and Goshen
Community Bank employees convinced the couple that the situation was a scam. The
Richard A. Hetler, Jr. customers then stated they had already wired $6,000 and were very thankful they
Vice President & General Manager did not send another $7,000. They were very complimentary to everyone involved.
Indiana Wood Products, Inc. Their relationship with Goshen Community Bank saved them from being defrauded
further. Goshen police commended Bank staff for intervening in the situation and
Gregory A. Hoogenboom providing personal financial safety to these citizens.
President
Hoogenboom Masonry, Inc. In this one customer encounter, Goshen Community Bank accomplished all four of
its goals. Most important of all, Goshen Community Bank acted with the highest
Douglas A. Johnston degree of integrity and made a lasting impact on our customers' lives.
President
Goshen Community Bank
WE MAKE PEOPLE SMILE!
Larry W. Newswanger
Self-Employed /s/ Douglas A. Johnston
Douglas A. Johnston
Matthew J. Pletcher President
Partner
Whitcraft & Pletcher
511 W. Lincoln Avenue
Fred M. Ramser Goshen, IN 46526
Retired 574-533-2006
www.goshenbank.com
Dennis L. Sorg
President
Sorg Dodge, Inc.
Douglas A. Stanley
Owner
Douglas A. Stanley, DDS
OFFICERS
Robert C. Carr
Chairman & CEO
Gregory A. Hoogenboom
Secretary
Douglas A. Johnston
President
Connie O. Horvath
Vice President
Leah L. Stevens
Vice President
I N T E G R I T Y
34
[PHOTO]
ITEM PROCESSING
GREAT LAKES REGION
MAXIMIZING
POTENTIAL [GRAPHIC]
[PHOTO]
OPERATING SYSTEMS
WESTERN REGIONS
BOARD OF DIRECTORS BANK OF TUCSON
Bruce I. Ash This year marks the 100th anniversary of flight when the Wright brothers changed
Vice President the world of transportation. Their example of maximizing potential is a great
Paul Ash Management, LLC one. They succeeded where others failed by commitment to their goal. They
focused on refining the details related to the balance and control required to
Slivy Edmonds Cotton launch a successful flight. Their goal was to fly an airplane, but their focus
Chairman & CEO was on the many steps required to get there.
Perpetua, Inc.
The Bank of Tucson has not been around for 100 years, but it looks to the
Michael J. Devine example set by the Wrights as a lesson for success. Bank of Tucson focuses on
Attorney at Law the details. Like the Wrights, Bank of Tucson identifies the steps necessary to
achieve success. Our goal is to be the bank of choice for the Tucson community.
Brian K. English
General Counsel Bank of Tucson will celebrate its 7th anniversary this year. Each year we have
Capitol Bancorp Limited endeavored to take full advantage of the potential and opportunity that we face
as a company and as individuals. We enjoy our affiliation with the other
Richard N. Flynn financial institutions in the Capitol Bancorp family because it helps us to
President maximize our potential. We are able to focus on the details of servicing our
Flynn & Associates customers and developing our unique bank, while relying on the support from
Capitol. We are also able to serve a greater range of customers in the Tucson
Michael F. Hannley community through our relationship with our affiliated banks.
President & CEO
Bank of Tucson As the first Capitol affiliate in the Western regions, we liken ourselves to the
Wright brothers. We are the Bank that completed the inaugural flight. Our
Michael J. Harris commitment to success is both an example for our affiliates, and a continued
Associate Broker challenge for our company and our employees.
Long Realty Company
Richard F. Imwalle IN THE SPIRIT OF GIVING, WE RECEIVE.
President
University of Arizona Foundation /s/ Michael F. Hannley
Michael F. Hannley
Michael L. Kasten President & CEO
Managing Partner
Kasten Investments, LLC
4400 East Broadway
Burton J. Kinerk Tucson, AZ 85711
Attorney at Law 520-321-4500
Kinerk, Beal, Schmidt & Dyer, PC www.bankoftucson.com
Humberto S. Lopez
President
HSL Properties, Inc.
Lyn M. Papanikolas
Realtor
Long Realty Company
OFFICERS
Richard F. Imwalle
Chairman
Michael J. Devine
Vice Chairman
Richard N. Flynn
Secretary
Michael F. Hannley
President & CEO
C. David Foust
Executive Vice President & CCO
Barbara A. Sadler
Senior Vice President
Sandi L. Smithe
Senior Vice President
Julie E. Souverielle
First Vice President
Michael G. Rombold
Vice President
M A X I M I Z I N G P O T E N T I A L
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BRIGHTON COMMERCE BANK BOARD OF DIRECTORS
Capitol Bancorp's core values encompass numerous critical aspects of banking. At Robert C. Carr
Brighton Commerce Bank we have appropriately addressed these values within our Executive Vice President
strategic plan as outlined in our core strategies. These core strategies are Capitol Bancorp Limited
Brighton Commerce Bank's long-term principles that we follow consistently.
John C. Codere
Our strategies focus on the core value of "Maximizing Potential". These President
strategies are: Brighton Block & Concrete
* To establish and maintain a presence in the greater Brighton area as THE Michael B. Corrigan
local community bank that provides superior customer service. We feel President
confident our local community bank philosophy and image will help attract Corrigan Oil Company, Inc.
and retain customers, whether businesses or consumers;
Scott C. Griffith
* To set the highest standards for hiring and maintaining the most qualified, President
customer service oriented associates in the industry. We believe our Era Griffith Realty
representatives are the most important asset we have and are essential to
our success; William A. LaMarra
Chairman & CEO
* To establish and implement the most effective communication systems and Excelda Manufacturing
networks for, and with, our customers and associates. These are essential
to provide superior customer service; Mark A. Latterman
President
* To build diverse deposit and loan portfolios of the highest quality with a Latterman & Associates, PC
primary focus on the local community. This helps substantiate that we are a
local community bank, which in turn helps maximize the Bank's potential Piet W. Lindhout
with our community; CEO
Lindhout Associates Architects AIA
* To create a professional and enjoyable environment so that customers and
associates will find great pleasure in working with Brighton Commerce Bank. Gary T. Nickerson
This strategy is instrumental in the growth and retention of customers and President & CEO
associates. Brighton Commerce Bank
With the proper execution of these strategies, we are provided with the Candice G. Randolph
opportunity to fulfill our mission of exceeding the expectations of our Executive Vice President
customers, associates and shareholders while "Maximizing Potential." Randolph Custom Homes
Mitchell J. Stanley
PERSONALIZED SERVICE BY LOCAL EXPERIENCED PERSONNEL. President
Mickey Stanley & Associates
/s/ Gary T. Nickerson, Sr.
Gary T. Nickerson, Sr. James A. Winchel
President & CEO President
Colt Park Agency, Inc.
8700 North Second Street
Brighton, MI 48116 OFFICERS
810-220-1199
www.brightoncommerce.com Robert C. Carr
Chairman
Michael B. Corrigan
Vice Chairman
Gary T. Nickerson, Sr.
President & CEO
Joseph M. Petrucci
Senior Vice President
John P. Szydzik
Vice President & Cashier
William R. Anderson
Vice President
Mark R. DuShane
Vice President
Linda K. Lavely
Vice President
J. Todd Potter
Vice President
M A X I M I Z I N G P O T E N T I A L
37
BOARD OF DIRECTORS MUSKEGON COMMERCE BANK
Dr. Rick E. Amidon I've been asked many times by people outside of our organization, "What makes
President your bank successful compared to your competition in Muskegon?" Muskegon
Baker College of Muskegon Commerce Bank's success can be partially attributed to many factors including:
timing, luck, excellent employees and a dedicated Board of Directors. Still, the
Philip J. Andrie primary reason that we've grown profitably has been our ability to Maximize our
President Potential.
Andrie, Inc.
While all of the Capitol Bancorp banks share similar core values, it is up to
William C. Cooper each individual bank's management team to develop its own niche and to exploit
President it to the bank's full advantage. I was often reminded during our organizational
Omni Fitness Club period that the bank would not come with a playbook, and that all of Capitol's
banks are successful for different reasons. What works in another community
Thomas F. DeVoursney might not necessarily work in Muskegon and vice versa. Our challenge would be to
President assess the market and to develop a strategy to showcase our strengths.
Shape Corporation
When we opened our bank in late 1997, it had been over 100 years since a bank
Edgar W. Hunt had been chartered in Muskegon. That, combined with the fact that we initially
President had only six employees and only one location, made customers understandably
United Way of Muskegon County skeptical. We overcame the limitations of a single location by utilizing our
courier service to greatly expand our service area. Although this practice had
Christopher L. Kelly been widely used by the existing Capitol Bancorp banks, it was a new and welcome
Attorney at Law service in Muskegon. Our courier now serves approximately 75 business customers
Parmenter O'Toole within a 15 mile radius of the Bank that would likely not be customers without
the service. We were also able to convince our customers that being small was an
Daniel J. Kuznar advantage since the customers and staff could easily get acquainted and that all
Owner decisions would be made by the six employees on site.
Quality Tool & Stamping Company, Inc.
The most notable area in which we have maximized our potential is residential
Donald Martines mortgage lending. While we're not among the top ten affiliate banks in terms of
President asset size, we are consistently among the top two or three residential mortgage
West Michigan Grinding & Machine Co. producers. Muskegon Commerce Bank has been able to develop strong relationships
Ace Tooling with homeowners, realtors, builders and developers in Muskegon that should pay
dividends for years to come.
Robert J. McCarthy
President & CEO
Muskegon Commerce Bank BANKING ON OUR COMMUNITY...
Chris Ann McGuigan /s/ Robert J. McCarthy
President & CEO Robert J. McCarthy
Community Foundation for President & CEO
Muskegon County
Bruce A. Thomas 255 Seminole Road
Chief of Bank Performance Muskegon, MI 49444
Capitol Bancorp Limited 231-737-4431
www.muskegoncommerce.com
James Stanford Tyler
President
Tyler Sales Company, Inc.
OFFICERS
James Stanford Tyler
Chairman
Christopher L. Kelly
Vice Chairman
Robert J. McCarthy
President & CEO
Eric B. Seifert
Senior Vice President
Terri K. Swarts
Vice President
David C. Christopher
Vice President
Brent A. McCarthy
Vice President
M A X I M I Z I N G P O T E N T I A L
38
RED ROCK COMMUNITY BANK BOARD OF DIRECTORS
By helping an employee realize a personal community service goal, Red Rock Eric L. Colvin
Community Bank has made steps toward maximizing its potential as well. In August Secretary/Treasurer
of 2002, Red Rock Community Bank joined with several other sponsors of a Marnell Corrao Assoc., Inc.
nonprofit Hospice fundraiser to benefit terminally ill children and their
families. Michael J. Devine
Attorney at Law
A Red Rock employee who has taken an active interest in the local Hospice
organization, and sits on the sponsoring Golden Monarch Council, brought this Molly K. Hamrick
opportunity to the Bank. Our employee became interested in Nathan Adelson Vice President & CFO
Hospice while serving as a United Way campaign representative. The group was Coldwell Banker Premier Realty
given a tour after one of the leadership meetings was held at the Hospice
facility. After that one tour, our employee knew in her heart that it was a goal Philip G. Hardy, Jr.
of hers to become a volunteer and to make a difference in the community. Vice President & Project Manager
Hardy Painting & Drywall
She has recently reduced her role to a part-time basis at the Bank in order to
work in an expanded capacity as a hospice volunteer. Volunteering in this James A. Harris
capacity required training classes that were held on Saturdays as well as an Vice President
in-house job-shadowing program so that she could be effective with her patients Brown and Brown Insurance
and families at this very difficult stage of life.
Keith W. Langlands
Preparations are already in motion for this year's annual event and our employee Partner & CPA
is actively soliciting sponsorships throughout the community for the function. Langlands and Anaya Limited
She continues to have interaction with several bank clients who have had
exposure to, or experience with, this same organization. Several banking Charles L. Lasky
relationships have been strengthened and maintained due to her personal interest President
in her clients and their mutual experiences involving hospice care. Lasky, Fifarek & Hogan, P.C.
Red Rock will continue to develop with the community by responding to Thomas C. Mangione
needs-personal and financial. Chairman, President & CEO
Red Rock Community Bank
PART OF THE SUMMERLIN LANDSCAPE. Joseph D. Reid III
Corporate Counsel
/s/ Thomas C. Mangione Capitol Bancorp Limited
Thomas C. Mangione
Chairman, President & CEO John A. Stuart
President
Tartan Consultants, Ltd.
10000 West Charleston, Suite 100
Las Vegas, NV 89135 John Christopher Stuhmer
702-948-7500 CEO
www.redrockcommunity.com Christopher Homes
Fredrick P. Waid
COO
Peccole Nevada Corp.
OFFICERS
Thomas C. Mangione
Chairman, President & CEO
Charles L. Lasky
Secretary
James F. Wojewodka
Executive Vice President &
Senior Lending Officer
Brian W. Astle
Senior Vice President & CCO
M A X I M I Z I N G P O T E N T I A L
39
BOARD OF DIRECTORS SUNRISE BANK OF SAN DIEGO
Steven K. Black Sunrise Bank of San Diego is passionate in our mission to provide unparalled
Director service to our team members, clients, community, and shareholders, through
Sunrise Bank of San Diego embracing our belief in respect, integrity and an appreciation for the combined
benefits of maximizing potential.
Richard A. Byer
President Our all-star team of bankers created this mission statement to represent a focus
Bycor General Contractor of continued growth as a premier community bank in San Diego and to compliment
the core values of our bank development partner, Capitol Bancorp. Utilizing the
Craig V. Castanos talent and ability of our local team of professionals, while leveraging the
CPA/Owner support of our partner, we share a vision embodied in the core value of
Craig V. Castanos, CPA maximizing potential as a company and as individuals.
Randall S. Cundiff Maximizing potential starts with promoting a culture where excellence is the
President standard and everyone has the opportunity to grow -- both personally and
Sunrise Bank of San Diego professionally. In our effort to continually exceed client expectations,
attracting and retaining individuals of the highest caliber is paramount. The
William D. Hinz II essence of this core value has helped us attain recognition as the 2002 #1
CEO Community Bank SBA 504 Lender for San Diego County. The Small Business
Sunrise Bank of Arizona Administration honored Sunrise Bank as the number two overall bank lender in San
Diego County, out of 25 lenders who participated in the small business loan
John S. Lewis program. Our 14 varsity players outperformed expectations. The synergy of our
President-Western Regions efforts helped us close 15 SBA 504 loan transactions totaling over $18 million
Capitol Bancorp Limited in loan volume for the year.
Toby T. Macfarlane Through our network of secondary market funding sources and participations from
Senior Vice President our family of sister banks, we are meeting the financing needs of clients that
United Title Company would traditionally be out of the lending scope for a bank of our size. In
September 2002, through the use of the SBA 504 loan program and participating
Robert J. Matkovich lenders, Sunrise Bank structured a financing package for a small business owner
Robert J. Matkovich, DDS, Inc. to purchase a commercial property. The total project, which exceeded $3.5
million, is an example of our ability to maximize alternative financing sources
John F. McColl for the benefit of our clients. The knowledge, expertise, and experience of our
Owner/Treasurer team combine to represent the potential of our organization. Attitude, drive,
Trinity Housing Group and dedication maximize return on our abilities.
James L. McCullough
Entrepreneur WE WILL STAY THE COURSE.
Ronald D. McMahon /s/ Randall S. Cundiff
President Randall S. Cundiff
McMahon Development Group, LLC President
John M. Rooney
President 4570 Executive Drive, Suite 110
Torrey Financial Group San Diego, CA 92121
858-625-9050
Rande H. Turner www.sunrisebanksandiego.com
President
T2 Ventures
OFFICERS
John S. Lewis
Chairman & CEO
William D. Hinz, II
Vice Chairman
Randall S. Cundiff
President
Suzanne K. Gregory
Executive Vice President,
CCO & Secretary
Timothy M. Himstreet
Senior Vice President
Joseph L. Kennedy
Vice President
M A X I M I Z I N G P O T E N T I A L
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