The wounded Capitol Bancorp Ltd. is continuing its bank sell-off.

In its third deal this week, the $5.8 billion-asset company, which has dual headquarters in Lansing, Mich., and Phoenix, said Thursday that it has agreed to sell its Community Bank of Rowan in North Carolina to First American Financial Management Co. in Charlotte.

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.