Archive for the Press Releases Category

THE NEW YORK TIMES: ON RELIGION

For Immediate Release A HOMETOWN BANK HEEDS A CALL TO SERVE ITS ISLAMIC CLIENTS By SAMUEL G. FREEDMAN ANN ARBOR, MICH. Until a stranger without an appointment showed up one day in late 2001, Stephen L. Ranzini wasfeeling rather pleased with himself. University Bank here, which he […]

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UNIVERSITY BANK RECEIVES AWARD FROM ABA

For Immediate Release UNIVERSITY BANK RECEIVES THE AMERICAN BANKERS ASSOCIATION’S COMMUNITY BANK AWARD FOR 2009 Ann Arbor, Michigan, February 18, 2009 – University Bank was nationally acknowledged by the American Bankers Association for its innovative programs to increase homeownership opportunities at the American Bankers Association’s National Conference […]

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UNIVERSITY BANK GIVES NOTICE OF VOLUNTARY DELISTING

For Immediate Release UNIVERSITY BANCORP GIVES NOTICE OF VOLUNTARY DELISTING Ann Arbor, Michigan, December 31, 2008 — University Bancorp, Inc. (NASDAQ: UNIB)(the “Company”) announced today that it has given notice to The Nasdaq Stock Market of its determination to voluntarily withdraw the Company’s common stock, $0.01 par […]

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UNIVERSITY BANCORP WINS FASTTRACK AWARD

For Immediate Release UNIVERSITY BANCORP WINS FASTTRACK AWARD Ann Arbor, Michigan, November 18, 2008 — University Bancorp, Inc. (NASDAQ: UNIB) has received a FastTrack Award from Ann Arbor SPARK. Founded in 1997, FastTrack is an annual program sponsored by Ann Arbor SPARK recognizing companies in Washtenaw County […]

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UNIVERSITY ISLAMIC FINANCIAL JOINS AAOIFI

For Immediate Release UNIVERSITY ISLAMIC FINANCIAL CORPORATION JOINS AAOIFI, THE GLOBAL ISLAMIC FINANCE ACCOUNTING STANDARDS SETTING ORGANIZATION Ann Arbor, Michigan, November 11, 2008 — University Bank (NASDAQ: UNIB) today announced that its 80% owned subsidiary, University Islamic Financial, has joined AAOIFI, the global Islamic Finance accounting standards […]

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AMERICAN BANKER: ISLAMIC FINANCE UNIT TAKES BANK BEYOND MICHIGAN ROOTS

Islamic Finance Unit Takes Bank Beyond Michigan Roots American Banker | Friday, June 27, 2008 By Robert Barba It took four years for University Bancorp in Ann Arbor, Mich., to develop a home loan product that both complied with the strict laws of Islamic financing and satisfied […]

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WASHINGTON POST ARTICLE REGARDING UIF GROWTH

For Immediate Release WASHINGTON POST ARTICLE REGARDING THE GROWTH OF ISLAMIC FINANCING AND UNIVERSITY BANK’S ISLAMIC BANKING SUBSIDIARY, UNIVERSITY ISLAMIC FINANCIAL May 14, 2008, Ann Arbor, Michigan—Stephen Lange Ranzini, President and Chairman of Ann Arbor’s University Bank (NASDAQ: UNIB), announced that The Washington Post has published an […]

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ABA BANKING JOURNAL: DISINTERESTED BANKING

Ethnic Marketing: Disinterested banking (November 2007) Islamic law bars the faithful from paying or receiving reba, interest. But how do you run a bank without it? Michigan’s University Bank has learned to be halal. By Steve Cocheo, executive editor, scocheo@sbpub.com Avoiding “reba” in all its forms, Ann […]

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University Bank and Solden Development reach agreement over historic Hoover Mansion

FOR IMMEDIATE RELEASE University Bank and Solden Development reach agreement over historic Hoover Mansion Ann Arbor, Michigan, October 20, 2005 —University Bank (NASDAQ: UNIB) President Stephen Ranzini and Solden Development Company President Dean Solden have reached an agreement over the historic Hoover Mansion property.   University Bank has […]

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UNIVERSITY BANK’S STEPHEN LANGE RANZINI ELECTED VICE CHAIRMAN OF THE WASHTENAW COUNTY ECONOMIC DEVELOPMENT CORPORATION’S BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE UNIVERSITY BANK’S STEPHEN LANGE RANZINI ELECTED VICE CHAIRMAN OF THE WASHTENAW COUNTY ECONOMIC DEVELOPMENT CORPORATION’S BOARD OF DIRECTORS Ann Arbor, Michigan, March 29, 2005 – Stephen Lange Ranzini, Chairman and President of Ann Arbor based University Bank (NASDAQ:UNIB), has been elected Vice Chairman of […]

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