Capitol Bancorp Ltd. in Lansing, Mich., has appointed Richard C. Houseworth, a banking industry veteran who spent 13 years as the superintendent of the Arizona Department of Financial Institutions, to lead its government relations efforts.
Mr. Houseworth will work with government officials and banking regulators across the country as Capitol continues to expand into new markets, the $3.5 billion-asset multibank holding company said late Thursday.
Before becoming a banking regulator in Arizona, Mr. Houseworth was the president of First National Bank of Harveyville in Kansas. Later he was appointed by Vice President George H.W. Bush as a consultant to the assistant secretary of the Treasury for international affairs.
Joseph D. Reid, Capitol's chairman and chief executive, called Mr. Houseworth and Capitol a perfect fit. "His business experience, industry knowledge, and ability to build relationships are an excellent complement to our company," Mr. Reid said in a press release.
Mr. Houseworth is expected to begin working at Capitol on April 1.
