- Current report filing (8-K)
July 07 2009 - 1:37PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
July 7, 2009
CAPITOL
BANCORP LTD.
(Exact
Name of Registrant as Specified in its Charter)
____________________________
Michigan
(State
or other jurisdiction of
incorporation)
|
001-31708
(Commission
File No.)
|
38-2761672
(IRS
Employer
Identification
No.)
|
Capitol Bancorp Center
200
Washington Square North, Lansing, Michigan 48933
(Address
of Principal Executive Offices) (Zip Code)
(517)
487-6555
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (
see
General
Instruction A.2. below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
ITEM
8.01 OTHER EVENTS.
Effective
January 1, 2009, Capitol Bancorp Ltd. (
“Capitol”
)
retrospectively adopted Statement of Financial Accounting Standards
No. 160, “Noncontrolling Interests in Consolidated Financial Statements—An
Amendment of ARB No. 51” (
“FAS 160”
),
which resulted in the reclassification of minority interests in consolidated
subsidiaries to a new noncontrolling interests component of equity.
Exhibit
99 to this Current Report on Form 8-K includes the information initially
presented under Item 6 - Selected Financial Data, Item 7 - Management’s
Discussion and Analysis of Financial Condition and Results of Operations, and
Item 8 – Financial Statements and Supplementary Data as presented in Capitol’s
Annual Report on Form 10-K for the year ended December 31, 2008 filed with the
Securities and Exchange Commission on March 12, 2009 (the
“2008 Form
10-K”
). Each such item has been revised to reflect the
retrospective adoption of FAS 160.
The
information in Exhibit 99 to this Current Report on Form 8-K does not reflect
events or developments that occurred after March 11, 2009, and does not modify
or update the disclosures in the 2008 Form 10-K in any way, other than to
reflect the adoption of FAS 160 as described above (and the merger of nine
wholly-owned banks effective March 31, 2009, which had no effect on Capitol’s
consolidated financial statements). The information in Exhibit 99 to this
Current Report on Form 8-K should be read in conjunction with the 2008 Form 10-K
and any documents filed by Capitol under the Securities Exchange Act of 1934, as
amended, subsequent to March 11, 2009.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit
No.
|
Description
|
23
|
Consent
of BDO Seidman, LLP.
|
|
|
99
|
Revised
Selected Consolidated Financial Data, Revised Management’s Discussion and
Analysis of Capitol’s Business, Financial Condition and Results of
Operations, and Consolidated Financial Statements and Supplementary Data
as of December 31, 2008 and 2007 and for each of the three years in the
period ended December 31, 2008, as
adjusted.
|
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
Date: July
7, 2009
|
CAPITOL
BANCORP LTD.
(Registrant)
By:
/s/ Cristin K.
Reid
Name:
Cristin K.
Reid
Title:
Corporate
President
|
|
|
INDEX
TO EXHIBITS
Exhibit
No.
|
Description
|
23
|
Consent
of BDO Seidman, LLP.
|
|
|
99
|
Revised
Selected Consolidated Financial Data, Revised Management’s Discussion and
Analysis of Capitol’s Business, Financial Condition and Results of
Operations, and Consolidated Financial Statements and Supplementary Data
as of December 31, 2008 and 2007 and for each of the three years in the
period ended December 31, 2008, as
adjusted.
|
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