<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  FORM 10-QSB/A
                                 AMENDMENT NO.1

   (Mark One)

{x} QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
    For the quarterly period ended March 31, 2003

                                        OR

{ } QUARTERLY REPORT PURSUANT TO SECTION 14 OR 15 (d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
    For the transition period from _________________ to ______________________

                           Commission File No. 0-25079

                       MICHIGAN COMMUNITY BANCORP LIMITED
      (Exact name of small business registrant as specified in its charter)

              MICHIGAN                                  38-3390193
       (State of incorporation)            (I.R.S. Employer Identification No.)

                              43850 SCHOENHERR ROAD
                           STERLING HEIGHTS, MI 48313
              (Address of principal executive offices and zip code)

                                  (586)532-8800
                         (Registrant's telephone number)

  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
  1934 during the preceding 12 months (or for such shorter period that the
  registrant was required to file such report(s), and (2) has been subject to
  such filing requirements for the past 90 days.

                                                  Yes   X    No
                                                      ------    -----

  As of May 13, 2003 the Registrant had 1,184,843 shares of Common Stock issued
  and outstanding.

  Transitional Small Business Disclosure Format (check one)

                                                   Yes      No    X
                                                      ------    -----









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EXPLANATORY NOTE

     This amendment is being filed to modify Part II - Other Information, Item
5.


PART II - OTHER INFORMATION


ITEM 5.  OTHER INFORMATION

     Subsequent to a joint examination by regulatory examiners, Lakeside and
North Oakland have been advised by such regulatory examiners that they have
concerns with certain areas of their respective operations, including asset
quality, earnings, management and capital, and that a corrective action program
will be forthcoming. They also are requiring Lakeside and North Oakland to
provide 30 days' prior written notice of the addition or replacement of any
member of their respective board of directors, and of the employment or change
in employment of any senior executive officer. The Corporation believes it has
addressed certain concerns of the regulatory examiners, many of which reflect
historical practices, and is addressing the other concerns. In addition to
having taken steps to correct past practices, the Corporation continues to
actively work with the regulatory examiners. In addition, the Corporation
believes that a sale of North Oakland, which is being pursued, but of which
there is no assurance, will ameliorate many of the concerns with respect to
Lakeside and will eliminate the concerns with respect to North Oakland. However,
the Corporation's actions will not prevent corrective action by the regulatory
examiners.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits

         99.1  Certification of Chief Executive Officer
         99.2  Certification of Principal Financial Officer

     (b) Reports on Form 8-K

         None























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                                   SIGNATURES


         In accordance with the requirements of the Exchange Act, the registrant
         caused this report to be signed on its behalf by the undersigned,
         thereunto duly organized.



         June 18, 2003                  Michigan Community Bancorp Limited

                                                  By:  /s/ J. William Sumner
                                                  --------------------------
                                                  J. William Sumner
                                                  Chief Executive Officer

                                                  By: /s/ Frank D. Blowers
                                                  ------------------------
                                                  Frank D. Blowers
                                                  Principal Financial Officer









































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I, J. William Sumner, certify that:

     1.       I have reviewed this quarterly report on Form 10-Q of March 31,
              2003, as amended;

     2.       Based on my knowledge, this quarterly report does not contain any
              untrue statement of material fact or omit to state a material fact
              necessary to make the statements made, in light of the
              circumstances under which such statements were made, not
              misleading with respect to the period covered by this quarterly
              report;

     3.       Based on my knowledge, the financial statements, and other
              financial information included in this quarterly report, fairly
              present in all material respects the financial condition, results
              of operations and cash flows of the registrant as of, and for, the
              periods presented in this quarterly report;

     4.       The registrant's other certifying officer and I are responsible
              for establishing and maintaining disclosure controls and
              procedures (as defined in Exchange Act Rules 13a-14 and 15d-14)
              for the registrant and have:

              a.  Designed such disclosure controls procedures to ensure that
                  material information relating to the registrant, including its
                  consolidated subsidiaries, is made known to us by others
                  within those entities, particularly during the period in which
                  this quarterly report is being prepared;

              b.  Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

              c.  Presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

     5.       The registrant's other certifying officer and I have disclosed,
              based on our most recent evaluation, to the registrant's auditors
              and the audit committee of the registrant's board of directors
              (or persons performing the equivalent function);

              a.  All significant deficiencies in the design or operation of
                  internal controls which could adversely affect the registrants
                  ability to record, process, summarize and report financial
                  data and have identified for the registrant's auditors any
                  material weaknesses in internal controls; and

              b.  Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and


     6.       The registrant's other certifying officer and I have indicated in
              this quarterly report whether or not there were significant
              changes in internal controls or in other factors that could
              significantly affect internal controls subsequent to the date of
              our most recent evaluation, including any corrective actions with
              regard to significant deficiencies and material weaknesses.




/s/      J. William Sumner
   ---------------------------------
         J. William Sumner
         Chief Executive Officer
         June 18, 2003


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I, Frank D. Blowers, certify that:


     1.  I have reviewed this quarterly report on Form 10-Q of March 31, 2003,
         as amended;

     2.  Based on my knowledge, this quarterly report does not contain any
         untrue statement of material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

     3.  Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

     4.  The registrant's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         have:

              a.  Designed such disclosure controls procedures to ensure that
                  material information relating to the registrant, including its
                  consolidated subsidiaries, is made known to us by others
                  within those entities, particularly during the period in which
                  this quarterly report is being prepared;

              b.  Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

              c.  Presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

     5.  The registrant's other certifying officer and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of the registrant's board of directors (or persons
         performing the equivalent function);

              a.  All significant deficiencies in the design or operation of
                  internal controls which could adversely affect the registrants
                  ability to record, process, summarize and report financial
                  data and have identified for the registrant's auditors any
                  material weaknesses in internal controls; and

              b.  Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

     6.  The registrant's other certifying officer and I have included in this
         quarterly report whether or not there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.




/s/      Frank D. Blowers
   ------------------------
         Frank D. Blowers
         Principal Financial Officer
         June 18, 2003




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                                  EXHIBIT INDEX


EXHIBIT NUMBER             DESCRIPTION

99.1                       906 Certification of Chief Executive Officer
99.2                       906 Certification of Principal Financial Officer