Capital Bancorp Ltd. said Tuesday that it has completed the sale of its 51% stake in the Bank of San Francisco.
The $96.3 million-asset California bank is among a number of banks in which Capital has divested its interest this year.
Capital, a bank development company with $4.7 billion of assets, has been making the sales in order to redeploy its equity capital to other banking affiliates.
In the past month, Capital Bancorp also completed the sale of its 51% interest in Adams Dairy Bank in Missouri.
With the sale of its stake in the Bank of San Francisco, Capital will have closed nine such sales in 2010.
Capital has banking operations in 14 states and executive offices in Lansing, Mich., and Phoenix.