We are pleased to provide the following press release from one of our Blue Springs EDC Investing Partners...
ADAMS DAIRY BANK ANNOUNCES BUYOUT OF MAJORITY SHAREHOLDER
Allows Continued Focus on Community Banking and Customer Service
BLUE SPRINGS, MO. (January 11, 2010) – David Chinnery, president and CEO of Adams Dairy Bank
announced today that the Bank entered into an agreement with Capitol Bancorp Ltd., a Michigan
corporation (CBC), to redeem CBC's 51% interest in the Bank. The closing of the transaction is
contingent upon the satisfaction of certain conditions, including receipt of applicable regulatory
approvals. Adams Dairy Bank, a community bank focused on relationship banking and premier
customer service, has experienced remarkable growth for a start-up bank – even in the face of a credit
market collapse and recession. Complete Press Release