The Securities and Exchange Commission is looking into Capitol Bancorp Ltd.'s past reporting of results.
The $3.5 billion-asset company, with headquarters in Phoenix and Lansing, Mich., said its annual report that it was notified on March 30 that it would receive a subpoena from the SEC's Chicago office concerning its third-quarter reporting. Capitol amended and restated those results early last month to reflect an additional $11.7 million loan-loss provision. The annual report was filed Thursday.
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