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University Bancorp Press Releases
Washington Post Article regarding the growth of the Islamic Financing and University Bank's Islamic banking subsidiary, University Islamic Financial.

“University Bancorp”, Wall Street Transcript April 2007
"University Bank Selected as 'Community Bankers of the Year' By U.S. Banker Magazine" (September 11, 2006)
"University Bancorp Audio Intervire On WallSt.Net" (July 10, 2006)
University Bank's Islamic Subsidiary Featured on Reuters News" (April 27, 2006)

CNN/Money.com Article on Islamic Banking & University Bank's Islamic Banking Subsidiary, University Islamic Financial" (January 19, 2006)
"University Bank's Islamic Lending Products Featured in the NYTimes, Detroit Free Press & Detroit News" (August 8, 2005)
"University Bank's Islamic Banking Division is an 'Islamic Friendly Lender' According To This Week's Business Week Magazine; One of Just Three In The United States" (February 8, 2005)
“Bank Eyes Muslim ‘Mortgages’”, Business Direct Weekly (December 4, 2003)
“Fee Income Engine Helps Drive Turnaround”, American Bankers Association Banking Journal (December, 2003)
“Deposit Commission Pay Off for Michigan Bank”, American Banker
“Local Banker Pushes New Payment System”, Business Direct Weekly (July 3, 2003)
“Small Banks Get Index of Their Own,” Wall Street Journal (November 3, 2003)
“Banking on Tech”, Business Direct Weekly June 19, 2003
“In the Spotlight: University Bank Scores ‘Outstanding’ for Community Reinvestment: Big Numbers for Tiny Bank”, Dexter, Michigan Chamber Magazine.
“Day of Caring Launches United Way Campaign”, Ann Arbor News September 10, 2003
“In Lower Town, Things Are Looking Up,” Ann Arbor News September 11, 2002
“Small-Timers, Big Ideas: Family’s Bank Breaks Molds”, Crain’s Detroit Business September 22, 1997

1Q 2008: University Bancorp Reports 1Q 2008 Results
4Q 2007: University Bancorp Reports 2007 Results
3Q 2007: University Bancorp Reports $1,015,294 9MO 2007 Unaudited Net Income
2Q 2007: University Bancorp Reports $1,046,632 Unaudited Income
1Q 2007: University Bancorp Reports $160,481 Unaudited Income
4Q 2006: University Bancorp Reports 2006 Results
3Q 2006: University Bancorp Reports 3Q 2006 Results
2Q 2006: University Bancorp Reports 2Q 2006 Results; Quarterly Results Include $259,023 One-Time Charge
1Q 2006: University Bancorp Reports $14,687 1Q 2006 Net Income
4Q 2005: University Bancorp Reports Record Profit for 2005 with 66.3% ROE Due to New Islamic Subsidiary and Growth at Midwest Loan Services
3Q 2005: University Bancorp Reports $7,960 3Q2005 Net Income
2Q 2005: University Bancorp Reports $59,762 2Q2005 Net Loss; Quarterly Results Include $186,000 Servicing Rights Valuation Charge
1Q 2005: University Bancorp Reports $163,865 1Q2005 Net Income
4Q 2004: University Bancorp Reports 2004 Loss Due To Operating Charges & Updates Guidance for 2005; Portfolio Loans Grow 23.1% and Deposits Grow 14.9% (April 15, 2005)
3Q 2004: University Bancorp Reports Third Quarter Loss Due to Servicing Rights Charge, Resolution of Non Performing Assets and Tax Change; Loans Grow 17.7% Year to Date (November 10, 2004)
2Q 2004: University Bancorp Reports Second Quarter Loss Due to Investments (August 18, 2004)
1Q 2004: University Bancorp Reports First Quarter Loss Due to Investments (May 19, 2004)
FY 2003: University Bancorp 2003 Financial Results (April 9, 2004)

University Bank Appoints John J.H. ("Joe") Schwarz, M.D. as Director & Announces New MedCash Manager(TM) Product (April 26, 2007)
University Bank Signs $100,000,000 Sharia'a Home Acquisition Master Commitment With Freddie Mac (February 20, 2006)
15,581,000 Deal Forms 1st U.S. Sharia'a Compliant Banking Sub (December 30, 2005)
Midwest Loan Services Surpasses $3 Billion in Mortgage Loans Subserviced (December 5, 2005)
University Bank and Solden Development Reach Agreement Over Historic Hoover Mansion (October 20, 2005)
Midwest Loan Services Receives Coveted SAS70 Certification (May 15, 2005)
University Bank Signs $1 Million Deal to Relocate Early (April 6, 2005)
University Bank's Stephen Lange Ranzini Elected Vice Chairman of the Washtenaw County Economic Development Corporation's Board ofDirectors (March 29, 2005)
University Bancorp President Appointed U.S. Delegate to the Top Global Security Standards Organization for the Financial Services Industry, ISO TC68 SC2 (March 28, 2005)
University Bank's Stephen Lange Ranzini Elected To The Economic Development Corporation of Washtenaw County's Board of Directors (December 17, 2004)
University Bancorp President Appointed to the Top Financial Services Industry Standards Organization, ASC X9, Board of Directors (November 1, 2004)
University Bank Signs First Michigan ATM Agreement With KeyCorp (September 22, 2004)
University Bank's Position on Partial-Birth Abortion (July 27, 2004)
University Bank Hires New Islamic Mortgage Specialist (May 3, 2004)
University Bank Elects Former Senator Alma Wheeler Smith to its Board of Directors (March 15, 2004)
Midwest Loan Services Surpasses $2 Billion in Mortgage Loans Subserviced (January 8, 2004)
University Bank CEO Rebecca David Resigns to Pursue New Challenges (January 5, 2004)
University Bank's Stephen Lange Ranzini Elected to the Economic Development Corporation of the City of Ann Arbor's Board of Directors (November 20, 2003)
University Bank's Stephen Lange Ranzini New President of Yale Alumni Association of Michigan (November 20, 2003)
University Bank scores "Outstanding" Score from FDIC for Community Service & Community Reinvestment (June 13, 2003)
University Bancorp Improves Annual Results 167.6%, 4th Quarter Sets Record (March 25, 2003)
Midwest Loan Services Surpasses $1 Billion in Mortgage Loans Subserviced (December 19, 2002)
Child Musical Prodigy, Legal Pioneer, Financier and Civil Rights Pioneer Joseph Louis Ranzini Dies, At 73 (November 27, 2002)

 

Cautionary Remarks About Future Predictions
Any prediction of the future in inherently not assured. Investors should read the risk factors in the Company’s Securities Exchange Commission report on Form 10-K for the year ended December 31, 2006 and any prediction in this release in intended to be covered by the Safe Harbor provisions of Section 21E of the Securities Exchange Act of 1934.

Required Regulatory Statement on Risk
The securities of University Bancorp have NO FDIC Insurance and carry RISK OF LOSS: The securities are not insured by the FDIC or the Bank. The securities are subject to investment risks, including the possible loss of the principal amount invested.

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University Bank Subsidiaries
University Insurance and Investments Services Inc.
University Islamic Financial Corp.
• University Lending Group LLC.
Midwest Loan Services

 

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