State Coverage: Arizona
Capitol to Divest New York Bank Stake
American Banker | Mar 16Capitol Bancorp Ltd. said Monday that it has a stock redemption agreement with USNY Bank to sell its 51% interest in the $64 million-asset bank.
Obama to Meet 11 Community Bankers
American Banker | Dec 22President Obama is due to meet today with 11 chief executives of community banks, following up on a meeting with the heads of larger institutions last week.
Capitol to Unload Colorado Unit in Second Deal of the Week
American Banker | Dec 18The selling spree at Capitol Bancorp continues. The company announced Thursday that it has a definitive agreement to sell Mountain View Bank of Commerce in Colorado ...
Three More Small Failures Bring '09 Total to 133
American Banker | Dec 14Regulators closed three more banks Friday evening to bring the year's failure total to 133.
California CU to Close 8 More Branches
American Banker | Dec 14Wescom Central Credit Union in Pasadena, still struggling with the Southern California recession, said last week that it plans to shutter another eight branches.
New Buyer Scopes Out Failures in Central States
American Banker | Nov 19A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.
FBOP's Subsidiaries Closed, Sold to U.S. Bank
American Banker | Nov 02Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19 billion in assets were closed by the government Friday night.
'09 Failure Total Rises to 89 After Five More Collapses
American Banker | Sep 08Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.
Regulators Shut Three More Community Banks
Total failures on the year climb to 77
American Banker | Aug 17WASHINGTON — Following the largest failure of the year, and the collapse of a small mutual in Pennsylvania, regulators shut three western banks late Friday ...
Capitol's Latest Reversal: Local Partners Buy it Out
American Banker | Jul 10Capitol Bancorp Ltd.'s latest divestiture deal underscores just how far the company has retreated from its original strategy.
Tempting Investors, or Fate, with Print Ads
Capital, loan woes are severe, but don't call this bank 'toxic'
American Banker | Jun 16Troubled banks usually do not call attention to themselves, but Arizona's Union Bank had little left to lose in running ads proclaiming it would not be the next to fail.
Capitol, Divesting, in First Deal
American Banker | May 07The $132.5 million-asset Foothills Bank in Yuma, Ariz., agreed to pay $10.5 million for Capitol Bancorp Ltd.'s $72.3 million-asset Yuma Community Bank.
Capitol Strikes Deal to Sell Arizona Bank
American Banker | May 07Just a few weeks after announcing plans to sell some of its subsidiary banks, Capitol Bancorp Ltd. has its first suitor.
Capitol Shifts from Start-Ups to Divesting
American Banker | Apr 27Still struggling with rising loan losses, Capitol Bancorp is now looking to sell some of its 53 banks.
A Further Retrenchment as Capitol Merges More Units
American Banker | Feb 23The $5.7 billion-asset company is merging four of its Arizona banks into one and nine of its Michigan banks into one as it looks to strengthen its operations in ...
