USNYUniversity of the State of New York
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According to an earlier press release of Capitol Bancorp, the divestment was carried out via a stock redemption agreement with USNY Bank.
Capitol Bancorp Limited (NYSE: CBC) has said that it has completed the sale of its 51 percent interest in USNY Bank.
16 March 2010 A[cent sign]a'[not sign]a[euro]oe US bank holding company Capitol Bancorp Ltd (NYSE:CBC) said it inked a stock redemption accord to offload its 51% ownership in USNY Bank.
US bank group Capitol Bancorp Limited (NYSE:CBC) said it had closed the divestment of its 51% shareholding in USNY Bank.