Capitol Bancorp (CBCRQ) in Lansing, Mich., has reached a tentative agreement to sell its Sunrise Bank of Albuquerque to a group of unnamed investors.

The $1.8 billion-asset company has entered into a letter of intent for the sale and subsequent recapitalization of the $52 million-asset Sunrise, Capitol said Friday. The deal is expected to be completed in 2013.

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