FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Hendrickson, Lee W.	2. Issuer Name and Ticker or Trading Symbol Capitol Bancorp Ltd. (CBCL)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer
1. Name and Address of Reporting Person* Thomas, Bruce A.	2. Issuer Name and Ticker or Trading Symbol Capitol Bancorp Ltd. (CBCL)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief of Bank Performance, Great Lakes Region
(Last) (First) (Middle) 9672 Sunny Pointe Dr.	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year January 15, 2003
(Last) (First) (Middle) 11344 Wilson St.	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 4/3/03
(Street) Laingsburg, MI 48848		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
(Street) DeWitt, MI 48820		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
(City) (State) (Zip)	Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	~~1/17/03~~		A		70	A	~~0(1)~~	41,~~738.8419~~000	D
Common Stock								14,~~394~~088.4806	D
Common Stock								~~1,368~~911.~~4522~~2158	I	ESOP
Common Stock								461.88094	I	401k

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conver- sion or Exercise Price of Derivative Security

3. Trans- action Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Trans- action Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)

6. Date Exercisable and Expiration Date (Month/Day/ Year)

7. Title and Amount of Underlying Securities (Instr. 3 & 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exer-cisable

Expira- tion Date

Title

Amount or Number of Shares

Options

8.17

3/31/02

10/31/07

Common Stock

5,505

Options

13.62

3/31/02

11/1/08

Common Stock

2,202

Options

9.54

3/31/02

1/31/08

Common Stock

734

Options

13.25

1/26/97

1/1/04

Common Stock

2,400

Options

11.00

12/31/01

7/1/07

Common Stock

3,077

Options

11.00

12/31/02

7/1/07

Common Stock

1,~~794~~538

Options

1620.4789

14/153/03

~~1,822~~159

112/1531/03

712/131/0809

Common Stock

~~1,822~~159

Options

15.34

1/15/03

6,517

1/15/03

2/5/09

Common Stock

6,517

Options

19.95

1/15/03

1,303

1/15/03

2/15/10

Common Stock

1,303

Explanation of Responses: (1) Received in exchange for 150 shares of Nevada Community Bancorp Limited common stock in connection with the business combination between Capitol Bancorp Ltd. and Nevada Community Bancorp Limited. The transaction is exempt pursuant to Rule 16b-3(d) of the Securities Exchange Act, as amended.

By: /s/ ~~Lee~~Bruce WA. ~~Hendrickson~~Thomas ~~Lee~~Bruce WA. ~~Hendrickson~~Thomas **Signature of Reporting Person 14/177/03 Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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