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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950124-99-005260.txt : 19990927
<SEC-HEADER>0000950124-99-005260.hdr.sgml : 19990927
ACCESSION NUMBER:		0000950124-99-005260
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990924
ITEM INFORMATION:		
FILED AS OF DATE:		19990924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITOL BANCORP LTD
		CENTRAL INDEX KEY:			0000840264
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				382761672
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-18461
		FILM NUMBER:		99716812

	BUSINESS ADDRESS:	
		STREET 1:		ONE BUSINESS & TRADE CNTR
		STREET 2:		200 WASHINGTON SQ N
		CITY:			LANSING
		STATE:			MI
		ZIP:			48933
		BUSINESS PHONE:		5174876555

	MAIL ADDRESS:	
		STREET 1:		ONE BUSINESS & TRADE CENTER
		STREET 2:		200 WASHINGTON SQUARE NORTH
		CITY:			LANSING
		STATE:			MI
		ZIP:			48933
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>   1


                                  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

      Date of Report (Date of earliest event reported): September 23, 1999

                              CAPITOL BANCORP LTD.
             (Exact name of registrant as specified in its charter)

        MICHIGAN                                        38-2761672
(State or other jurisdiction                           (I.R.S. Employer
of incorporation or                                    Identification
organization)                                          Number)

                        Commission file number 33-24728C

                 200 WASHINGTON SQUARE NORTH, LANSING, MICHIGAN
                    (Address of principal executive offices)
                                      48933
                                   (Zip Code)
                                 (517) 487-6555
                         (Registrant's telephone number)

                                 Not Applicable
              (Former name, former address and former fiscal year,
                         if changed since last report)


                                   Page 1 of 3

<PAGE>   2


 Item 5.  Other Events.

 On September 23, 1999, the Registrant announced that it was terminating its
proposed secondary stock offering of 1.7 million shares of common stock. Citing
market conditions for financial stocks in general, the announcement stated that
completion of the offering in the current market environment would not be in the
best interests of the Registrant's shareholders. Proceeds from the proposed
offering were intended to be used to reduce corporate indebtedness. The
Registrant's operations and bank development plans are unaffected by the
announcement.


                                   Page 2 of 3


<PAGE>   3


                                   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 thereunto duly authorized.


                                             CAPITOL BANCORP LTD.
                                             (Registrant)

                                             \s\ Joseph D. Reid
                                             -----------------------------------
                                             Joseph D. Reid
                                             Chairman, President and CEO
                                             (duly authorized to sign on behalf
                                             of the registrant)


Date: September 24, 1999


                                   Page 3 of 3

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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