Capitol Bancorp Limited (NYSE: CBC) has said that it has completed the sale of its 51 percent interest in USNY Bank.
At June 30, 2010, USNY Bank had total assets of nearly USD70m.
4 billion national community bank development company, announced today the opening of its 54th individually chartered community bank, USNY Bank, located in upstate New York.
USNY Bank is Capitol Bancorp's first community bank in the state of New York and represents Capitol Bancorp's continued plan to establish a nationwide presence and geographically diversify its bank operations.
The USNY Bank affirms our business model of building a bank around a successful team.