- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * REID JOSEPH D	2. Issuer Name and Ticker or Trading Symbol CAPITOL BANCORP LTD [ CBC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) Chairman and CEO
(Last)          (First)          (Middle) 200 N. WASHINGTON SQUARE	3. Date of Earliest Transaction (MM/DD/YYYY) 3/15/2010
(Street) LANSING, MI 48933 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership 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								24804.9067	I	401k
Common Stock								120573	I	IRA
Common Stock								37744	I	Wife/IRA
Common Stock	3/15/2010		G	V	100000	D	$0	753139	D
Common Stock	12/9/2010		G	V	25000	D	$0	728139	D
Common Stock								5000	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$16.40							7/9/2001   (1)	7/9/2011   (1)	Common Stock	66879		66879	D
Option (right to buy)	$25.27							5/25/2004	5/25/2011	Common Stock	60000		60000	D
Option (right to buy)	$25.86							8/5/2004	8/5/2011	Common Stock	30000		30000	D
Option (right to buy)	$34.31							6/1/2005	1/10/2012	Common Stock	30000		30000	D
Option (right to buy)	$31.86							5/5/2005	5/5/2012	Common Stock	30000		30000	D
Option (right to buy)	$32.03							6/29/2005	6/29/2012	Common Stock	270000		270000	D
Option (right to buy)	$37.48							12/30/2005	12/30/2012	Common Stock	258000		258000	D
Option (right to buy)	$22.46							8/1/2008	8/1/2014	Common Stock	50000		50000	D
Option (right to buy)	$22.46							8/1/2009	8/1/2014	Common Stock	50000		50000	D
Option (right to buy)	$22.46							8/1/2010	8/1/2014	Common Stock	50000		50000	D
Options (right to buy)	$2.01							11/16/2009	11/16/2014	Common Stock	71428		71428	D

Explanation of Responses:
( 1)	The options have exercisable dates between 7/9/2001 to 2/15/2002, and expiration dates of 7/9/2011 to 3/15/2012.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
REID JOSEPH D 200 N. WASHINGTON SQUARE LANSING, MI 48933	X		Chairman and CEO

Signatures
Joseph D. Reid		1/3/2011
** Signature of Reporting Person		Date

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).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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