Capitol Bancorp Ltd. will bring 35 jobs to the Capital region when it consolidates its operations center in Tempe, Ariz.
According to excerpts from the article:
The bank development company said today another 65 corporate jobs also are expected to be added over the next two years. Officials declined to say how much the jobs pay.
"Bringing all operations together into one center will obviously have many advantages, which include consistency in operations and economies of scale," Chairman and Chief Executive Officer Joseph Reid said.
The Tempe operations center had been the hub for processing transactions at Capitol's western U.S. banks, spokeswoman Angela Kimber said. Technology improvements allow that work to be done in Lansing despite a time zone difference.
Read the entire article here.
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