A banking family with deep roots in Lincoln, Neb., is set to return to the area. Capitol Bancorp., Lansing, Mich., has agreed to sell a 51 percent majority ownership of one of its numerous holdings, the $60 million Community Bank of Lincoln, to NHI Financial Services, Ine, a holding company formed to execute the deal. Community Bank of Lincoln's current president, Mary Gerdes, tied the transaction together: Gerdes was National Bank's last president. During a time when many banks are shifting priorities and cutting deals, Gerdes said there's still no for a simple, straightforward approach to lending, which the believes will keep her bank successful - and she's unimpressed by the recent federal government offer of increased lending assistance for community banks.
Capitol Bancorp. sells Neb. de novo to local family Justin Dullum Northwestern Financial Review; Mar 1-Mar 14, 2010; 195, 5; Docstoc pg. 18 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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