Archive for the Press Releases Category

UNIVERSITY BANCORP 2015 NET INCOME $3,139,217, $0.618 PER SHARE

For Immediate Release Ann Arbor, Michigan, April 1, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2015 of $3,139,217, $0.618 per share on average shares outstanding of 5,080,372 for the year, versus audited net income of $755,181, $0.16 per share on average shares outstanding of 4,722,776 for 2014.  For 2015,… Continue Reading UNIVERSITY BANCORP 2015 NET INCOME $3,139,217, $0.618 PER SHARE

AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015

For Immediate Release AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015                             Ann Arbor, Michigan, May 3, 2016, — University Bancorp, Inc. (OTCQB: UNIB), announced that it was ranked as the #1 banking firm in the entire United States in 2015 based on average return on shareholders’ equity according to American Banker magazine.  The bank holding company… Continue Reading AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015

UNIVERSITY BANCORP’S FIRST DIVIDEND: $0.107 PER SHARE

For Immediate Release Ann Arbor, Michigan, February 1, 2016, — University Bancorp, Inc. (OTCQB: UNIB) today announced that its board of directors has declared the Company’s first dividend to its common shareholders, in the amount of $0.107 per share, a payment of approximately $546,000 in total on the 5,102,844 shares currently outstanding. The ex-dividend date will be as of the close of business today, February… Continue Reading UNIVERSITY BANCORP’S FIRST DIVIDEND: $0.107 PER SHARE

UNIVERSITY BANCORP 9M2015 PROFIT $2,955,513, $0.58 PER SHARE

For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com UNIVERSITY BANCORP 9M2015 PROFIT $2,955,513, $0.58 PER SHARE             Ann Arbor, Michigan, November 13, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the third quarter of 2015 of $703,623, $0.138 per share on average shares… Continue Reading UNIVERSITY BANCORP 9M2015 PROFIT $2,955,513, $0.58 PER SHARE

UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE

For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com   UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE                                 Ann Arbor, Michigan, July 29, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the second quarter of 2015 of $2,184,026, $0.427 per share on average… Continue Reading UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE

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 1Q2015 PROFIT $67,864, $0.014 PER SHARE

For Immediate Release UNIVERSITY BANCORP 1Q2015 PROFIT $67,864, $0.014 PER SHARE                               Ann Arbor, Michigan, April 27, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first three months of 2015 of $67,864, $0.014 per share on average shares outstanding of 5,001,389 for the first three months, versus an unaudited net… Continue Reading UNIVERSITY BANCORP 1Q2015 PROFIT $67,864, $0.014 PER SHARE

UNIVERSITY BANCORP 2014 PROFIT $755,181, $0.16 PER SHARE

For Immediate Release UNIVERSITY BANCORP 2014 PROFIT $755,181, $0.16 PER SHARE Ann Arbor, Michigan, April 24, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stockholders in 2014 of $755,181, $0.16 per share on average shares outstanding of 4,722,891. Audited net income for 2013 attributable to common stockholders was $1,826,008, or $0.391 per share… Continue Reading UNIVERSITY BANCORP 2014 PROFIT $755,181, $0.16 PER SHARE

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

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