Capitol Bancorp, Lansing, Mich., opened its 10th bank in the state last week.

Kent Commerce Bank of Grand Rapids, a subsidiary of Capitol Bancorp, opened its doors with $4 million of initial capital provided by the holding company and 17 local investors. Kent Commerce will be managed by a local board of directors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.