Arrowhead Community Bank Introduces
New Senior Vice President & Executive

Richard Oliver joins the bank as lead Investment Executive

Richard Oliver

GLENDALE, Ariz. -- September 27, 2006 -- Arlene Kulzer, president and CEO of Arrowhead Community Bank, is pleased to announce that Richard Oliver, in association with Capitol Wealth Advisors, will oversee wealth management offerings for clients. As the lead Investment Executive, Oliver will assist clients in helping them achieve their financial goals by focusing on their life goals.

"Richard has many years of experience in the area of wealth management and we feel he is uniquely qualified to work with our clients on their investment needs," said Kulzer. "Through our association with Richard and Capitol Wealth Advisors, we are able to offer clients access to a full suite of premium investment products and ensure they experience the level of quality service our community bank is known for providing."

Oliver graduated from Arizona State University in 1966 with a degree in Business Management. He played on the ASU baseball team that won the College World Series in 1965. Following his graduation, Oliver became a pilot in the U.S. Air Force and flew Air Rescue in Vietnam. While in the Air Force he earned his master's degree in Public Administration. He retired from the Air Force with the rank of Lt Colonel. He has since been a financial professional for twenty years, specializing in individual portfolio management and business 401k plans.

About Arrowhead Community Bank
Arrowhead Community Bank is a full service financial services institution that has been part of the West Valley since September 2000. The bank and its staff are deeply committed to community involvement and three years in a row, Arrowhead Community Bank was recognized as a top small business (less than 50 employees) in Corporate Volunteerism by the Maricopa County Volunteer Center.

Brokerage and insurance services are provided by PRIMEVEST® Financial Services, Inc., a registered broker/dealer and registered investment adviser, member SIPC, and not affiliated with Capitol Bancorp Limited or its related companies. Securities and insurance products offered by PRIMEVEST are: *Not FDIC insured *May lose value * Not bank guaranteed *Not a deposit *Not insured by any federal government agency.