Separation Agreement and Plan of Distribution Sample Contracts

Separation Agreement and Plan of Distribution between: Capitol Bancorp Ltd., a Michigan corporation; and Michigan Commerce Bancorp Limited, a Michigan corporation. Dated as of ___________, 2009

Separation Agreement and Plan of Distribution • August 27th, 2009 • Michigan Commerce Bancorp LTD • State commercial banks • Michigan

• Contract Type
  Separation Agreement and Plan of Distribution
• Filed
  August 27th, 2009
• Company
  Michigan Commerce Bancorp LTD
• Industry
  State commercial banks
• Jurisdiction
  Michigan

THIS SEPARATION AGREEMENT AND PLAN OF DISTRIBUTION (this “Agreement”), dated as of __________, 2009, by and between Capital Bancorp, Ltd., a Michigan corporation (“Parent”), and Michigan Commerce Bancorp Limited, a Michigan corporation (“Spinco” and together with Parent, the “Parties”, and each individually, a “Party”).