Capitol Bancorp (CBCRQ) has been fighting for survival for a few years now, but the next month might prove to be its toughest battle.

The multibank holding company in Lansing, Mich., disclosed on Wednesday that the New Mexico Regulation and Licensing Department has given it until Dec. 20 to address the capital woes at its Sunrise Bank of Albuquerque or face seizure. Sunrise is significantly undercapitalized and its state regulator says the bank is operating in an unsound condition and lacks a quorum of outside directors.

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