Capitol Bancorp, which has been in bankruptcy since August 2012, will sell its stake in the remaining banks it owns in Michigan, Indiana, Nevada and New Mexico, the Lansing (Michigan) State Journal reported today. The bank development company, which sold its interest in Lansing-based Capitol National Bank earlier this year, said on Monday that it is selling its common stock in the banks to Troy, Michigan-based Talmer Bancorp Inc. The deal involves the Bank of Las Vegas, Indiana Community Bank, Michigan Commerce Bank and Sunrise Bank of Albuquerque, Lansing-based Capitol Bancorp said.
