University Bank is an FDIC insured, locally owned and locally managed Community Bank primarily serving the cities of Ann Arbor and Ypsilanti of Washtenaw County, Michigan. The Community Banking operation focuses on local businesses, local residents, minorities and non-profit organizations. Other Community Banking specialties include highly competitive deposit products, residential and commercial real estate mortgage lending and business loans. Insurance and stock, bond and mutual fund investments are also avaliable to our customers through our wholly owned subsidiary University Insurance & Investments, Inc.

Everyday everyone and their fortune are truly appreciated at University Bank. Ann Arbor based University Bancorp owns 100% of University Bank. In addition to its Community Banking operations, University Bank specializes in mortgage subservicing through the Bank’s Houghton-based 80% owned subsidiary, Midwest Loan Services.

History of University Bank

University Bank is owned by University Bancorp and was initially chartered as The Newberry State Bank located in Newberry, Michigan in the Upper Peninsula. While the bank was founded in 1890, a bank holding company owned by Stephen Lange Ranzini and Joseph Ranzini acquired controlling interest in the bank in 1988. Under Stephen Lange Ranzini’s leadership as President and CEO of the Bancorp, the bank expanded into Sault Ste. Marie and doubled in size.

In 1994 Newberry State Bank sold its loans, deposits and branches to another bank in the Upper Peninsula. Retaining the Bank charter, we changed the name of the charter to University Bank. We were interested in relocating the bank charter to Ann Arbor because there were no community banks based in Ann Arbor and this is a diverse, vibrant and growing community. A new management team was recruited and the bank opened in Ann Arbor in early 1996. The initial management team was replaced in late 1997 and Stephen Lange Ranzini took over the direct day-to-day management as President of the bank.

The new University Bank was positioned as a sophisticated community bank with a high degree of personalized, comprehensive, responsive customer service and low fees. At University Bank customers experience the difference of:

• Local Decision Making
• Our Customers Receive Personal Service and Attention
• Competitive Pricing
• All Financial Services Products Available
• Low Fees

University Bank’s Mission:

We are a bank focused on listening and responding to our community’s true needs, profitably providing the highest level of service to the people, small businesses and organizations we serve.

University Bank's Values Statement:

Ethics: We are guided by our shared values and always strive to maintain them in everything we do.

The Individual: We respect the individual and value their differences, including their need to achieve professional and personal balance in their life.

Integrity: We speak openly and directly and we do what we say, with care and compassion, and work hard to understand and resolve issues.

Accountability: We understand what is expected of us, always maintain the highest standards of ethics and the highest standards of quality and are fully committed to meeting those expectations.

Success: We focus on listening and responding to our customers' true needs, by combining operational excellence and cross functional teamwork to produce exceptional results, with profit.

Diversity: We celebrate, respect and serve our diverse community.

Community: We improve our communities by being active, responsible and generous members of the communities we serve.