- Current report filing (8-K)
November 12 2009 - 5:14PM
Edgar (US Regulatory)
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): November 12,
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
2.02. Results of Operations and Financial Condition.
On
November 12, 2009, Capitol Bancorp Ltd. (“Capitol”) issued a press release
announcing it has established a valuation allowance of $91 million to
reduce the deferred tax asset to approximately $17.6 million, which represents
the amount of the asset estimated to be currently recoverable via carryback of
current net operating losses. A copy of this press release is
attached as Exhibit 99.1 to this Item 2.02.
Item
9.01. Financial Statements and Exhibits.
99.1 Press Release of
Capitol Bancorp Limited dated November 12, 2009.
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: November
12, 2009
|
CAPITOL
BANCORP LTD.
(Registrant)
/s/ Cristin K.
Reid
Cristin
K. Reid
Corporate
President
|
INDEX TO
EXHIBITS
Exhibit No.
|
Description of Exhibit
|
99.1
|
Press
Release dated November 12,
2009
|
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