FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Myers Kenneth I 		2. Issuer Name and Ticker or Trading Symbol

CAPITOL BANCORP LTD [ CBC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Director of Risk Management
(Last)          (First)          (Middle)

41899 CANTEBURY RD. 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/15/2009
(Street)

NOVI, MI 48377
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   1/15/2009     L   V 148.5332   A $5.386   1702.3543   D  
 
Common Stock   2/19/2009     L   V 243.7241   A $4.9236   1946.0784   D  
 
Common Stock   3/19/2009     L   V 200.2704   A $3.9946   2166.5952   D  
 
Common Stock   4/16/2009     L   V 138.8431   A $5.7619   2305.4383   D  
 
Common Stock   5/21/2009     L   V 202.1223   A $3.958   2507.5606   D  
 
Common Stock   6/18/2009     L   V 252.597   A $3.1671   2760.1576   D  
 
Common Stock   7/16/2009     L   V 409.5004   A $1.9536   3169.658   D  
 
Common Stock   8/20/2009     L   V 214.4925   A $5.5946   3384.1505   D  
 
Common Stock   9/17/2009     L   V 189.376   A $4.2244   3573.5265   D  
 
Common Stock   10/15/2009     L   V 263.0887   A $3.0408   3836.6152   D  
 
Common Stock   11/19/2009     L   V 389.1618   A $2.0557   4225.777   D  
 
Common Stock                  200   D  
 
Common Stock                  1430.0756   I   401K  
Common Stock                  207.8366   I   ESOP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy)   $34.52                    11/2/2005   11/2/2010   Common Stock   5000     5000   D  
 

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Myers Kenneth I
41899 CANTEBURY RD.
NOVI, MI 48377

Director of Risk Management

Signatures
Kenneth I. Myers 12/15/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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