Archive for the Company News Category

UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR

UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR                                                                         Ann Arbor, Michigan, June 19, 2017, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2017 of $900,023, $0.175 per share on average shares outstanding of 5,146,177 for the first quarter, versus an… Continue Reading UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR

UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST

For Immediate Release Contact:  Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com  UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST Ann Arbor, Michigan, December 21, 2016, — University Bancorp, Inc. (OTCQB: UNIB) today announced that its 2016 annual shareholder meeting has been scheduled for December 23, 2016, beginning at Noon EST at University Bank’s headquarters at 2015… Continue Reading UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST

FED APPOINTS UNIVERSITY BANK’S PRESIDENT & CEO, STEPHEN LANGE RANZINI, TO SECURE PAYMENTS STEERING COMMITTEE

For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com   FED APPOINTS UNIVERSITY BANK’S PRESIDENT & CEO, STEPHEN LANGE RANZINI, TO SECURE PAYMENTS STEERING COMMITTEE        Ann Arbor, Michigan, July 28, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that Stephen Lange Ranzini, President & CEO of both University Bank and University Bancorp, has been appointed as one of… Continue Reading FED APPOINTS UNIVERSITY BANK’S PRESIDENT & CEO, STEPHEN LANGE RANZINI, TO SECURE PAYMENTS STEERING COMMITTEE

FUNDAMENTAL GLOBAL TAKES 9.86% STAKE IN UNIVERSITY BANCORP, GAINS FED APPROVAL TO INCREASE STAKE FURTHER

For Immediate Release FUNDAMENTAL GLOBAL TAKES 9.86% STAKE IN UNIVERSITY BANCORP, GAINS FED APPROVAL TO INCREASE STAKE FURTHER                Ann Arbor, Michigan, May 26, 2015, — University Bancorp, Inc. (OTCQB: UNIB) has been informed by Fundamental Global Partners, L.P. & Fundamental Global Master Fund, L.P. that they hold a total of 503,058 shares of common stock of the Company, or 9.86% of the 5,102,844 currently outstanding… Continue Reading FUNDAMENTAL GLOBAL TAKES 9.86% STAKE IN UNIVERSITY BANCORP, GAINS FED APPROVAL TO INCREASE STAKE FURTHER

UNIVERSITY BANCORP SIGNS AGREEMENT TO ACQUIRE FINAL 20% OF MIDWEST LOAN SERVICES FOR $3.1 MILLION

For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com   UNIVERSITY BANCORP SIGNS AGREEMENT TO ACQUIRE FINAL 20% OF MIDWEST LOAN SERVICES FOR $3.1 MILLION                                                   Ann Arbor, Michigan, November 24, 2014, — University Bancorp, Inc. (OTCQB: UNIB) announced that it executed an option agreement that gives it the right to acquire the final 20% of Midwest… Continue Reading UNIVERSITY BANCORP SIGNS AGREEMENT TO ACQUIRE FINAL 20% OF MIDWEST LOAN SERVICES FOR $3.1 MILLION

UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK

For Immediate Release UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK ACCORDING TO THE IDC RATING AGENCY Ann Arbor, Michigan, September 18, 2013, — University Bancorp’s (OTCQB: UNIB) wholly owned subsidiary University Bank announced that it had received a perfect score of 300* out of a possible total score of 300 points from IDC Financial Publishing, Inc. (IDC) based on the June 30, 2013 Call… Continue Reading UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK

AAIC Founder wins 2013 Athena Award!

AAIC Founder wins 2013 Athena Award!

The 2013 ATHENA Award® Recipient:   Rebecca Johnston Ann Arbor Insurance Centre Rebecca Johnston, moved to Michigan as a newlywed. When her husband’s business failed, she returned to work choosing a career in insurance. She initially worked for a nationwide company, quickly advancing through the ranks. Upon leaving the company, she joined an independent agency and eventually earned her license to sell insurance. Once licensed,… Continue Reading AAIC Founder wins 2013 Athena Award!

University Bank is proud to sponsor the Ypsilanti Area Chamber of Commerce March Breakfast

University Bank is proud to sponsor the Ypsilanti Area Chamber of Commerce March Breakfast and look forward to working together with providing solutions to the local community and businesses. We are constantly looking for new products and services that can best meet the needs of the communities that we serve. Today we highlight one of our products useful to business owners; BusinessManager is a complete… Continue Reading University Bank is proud to sponsor the Ypsilanti Area Chamber of Commerce March Breakfast