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CAPITOL BANCORP LTD Message Board

  • sci4u@ymail.com sci4u Feb 18, 2013 12:30 PM Flag

    Michigan Real-estate

    Just back in Michigan. Number of for sale signs greatly decreased over last year. Talked with two banker friends. State is not about to rocket forward but is doing better. Michigan Commerce should benefit and is located in one of the better demographic areas of the state although I do not know the geographic extent of their past lending.

    I asked about Reid's reputation. Got a few comments about family employment and perhaps some adverse decisions driven by that. Should still be highly motivated by ownership stake.

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