EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
CAPITOL BANCORP LTD.
DECEMBER 31, 2002
PAGE 1 OF 2
STATE OR OTHER
JURISDICTION
NAME OF SUBSIDIARY OF INCORPORATION
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CONSOLIDATED SUBSIDIARIES:
Ann Arbor Commerce Bank Michigan
Brighton Commerce Bank Michigan
Capitol National Bank United States (national bank)
Detroit Commerce Bank Michigan
Grand Haven Bank Michigan
Kent Commerce Bank Michigan
Macomb Community Bank Michigan
Muskegon Commerce Bank Michigan
Oakland Commerce Bank Michigan
Paragon Bank & Trust Michigan
Portage Commerce Bank Michigan
Elkhart Community Bank (51% owned) Indiana
Goshen Community Bank (51% owned) Indiana
Bank of Tucson Arizona
Valley First Community Bank Arizona
Camelback Community Bank Arizona
East Valley Community Bank Arizona
Southern Arizona Community Bank Arizona
Mesa Bank Arizona
Arrowhead Community Bank (87% owned) Arizona
Yuma Community Bank (51% owned) Arizona
First California Northern Bancorp (51% owned): California
Napa Community Bank
(51% owned by First California Northern Bancorp) California
Nevada Community Bancorp Limited (100% owned,
after giving effect to January 2003 share exchange transaction): Nevada
Black Mountain Community Bank
(51% owned by Nevada Community Bancorp Limited) Nevada
Desert Community Bank
(51% owned by Nevada Community Bancorp Limited) Nevada
Red Rock Community Bank
(51% owned by Nevada Community Bancorp Limited) Nevada
Bank of Las Vegas
(51% owned by Nevada Community Bancorp Limited) Nevada
Sunrise Bank of Arizona Arizona
Sunrise Bank of Albuquerque (87% owned) New Mexico
Sunrise Bank of San Diego (64% owned) California
EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT - CONTINUED:
CAPITOL BANCORP LTD.
DECEMBER 31, 2002
PAGE 2 OF 2
STATE OR OTHER
JURISDICTION
NAME OF SUBSIDIARY OF INCORPORATION
- ------------------ ----------------
CONSOLIDATED SUBSIDIARIES - CONTINUED:
Capitol Trust I Delaware
Capitol Trust II Delaware
Capitol Statutory Trust III Connecticut
Capitol Trust IV Delaware
UNCONSOLIDATED SUBSIDIARY:
Amera Mortgage Corporation, Inc. Michigan
(less than 50% owned equity method investee)
INACTIVE SUBSIDIARIES:
MOI, Inc. Michigan
(wholly-owned subsidiary of
Oakland Commerce Bank)
Financial Center Corporation Michigan
C.B. Services, Inc. Michigan
The following summarizes regulatory agencies of the registrant and its
subsidiaries:
The Corporation's state-chartered banks located in Michigan are regulated by the
Office of Financial and Insurance Services, Department of Consumer & Industry
Services of the State of Michigan. Capitol National Bank, as a national bank, is
regulated by the Office of the Comptroller of the Currency. Bank subsidiaries
located in the states of Arizona, Nevada, New Mexico, Indiana and California are
state-chartered and are regulated by banking agencies of each of those states.
Each of the banking subsidiaries which are not members of the Federal Reserve
System, as federally-insured depository institutions, are also regulated by the
Federal Deposit Insurance Corporation. Elkhart Community Bank and Goshen
Community Bank are members of the Federal Reserve System and, accordingly, are
regulated by the Federal Reserve Board. As a bank holding company, Capitol
Bancorp Ltd. is regulated by the Federal Reserve Board, which also regulates its
nonbanking subsidiaries. Nevada Community Bancorp Limited and First California
Northern Bancorp are also regulated by the Federal Reserve Board. In addition to
the bank regulatory agencies, the registrant and its subsidiaries are subject to
regulation by other state and federal agencies.