Archive for the Press Releases Category

UNIVERSITY BANCORP TO INCREASE OWNERSHIP TO 100% OF UNIVERSITY LENDING GROUP

For Immediate Release UNIVERSITY BANCORP STRIKES $500,000 DEAL TO INCREASE OWNERSHIP OF UNIVERSITY LENDING GROUP FROM 87.5% TO 100% Ann Arbor, Michigan, May xx, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its subsidiary, University Bank, had signed a definitive agreement to acquire an additional 12.4975% membership interest in University Lending Group, LLC, bringing its total ownership to 100%. University… Continue Reading UNIVERSITY BANCORP TO INCREASE OWNERSHIP TO 100% OF UNIVERSITY LENDING GROUP

UNIVERSITY BANK 1Q2012 PROFIT $937,546

For Immediate Release UNIVERSITY BANK 1Q2012 PROFIT $937,546 Ann Arbor, Michigan, May 9, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) provided an update on operating results of its bank subsidiary, University Bank, announcing that the bank had an unaudited pre-tax profit of $937,546 for the first three months of 2012. These results were ahead of the budget by $642,900 year-to-date pre-tax for… Continue Reading UNIVERSITY BANK 1Q2012 PROFIT $937,546

UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2011

For Immediate Release UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2011 Ann Arbor, Michigan, May 9, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that it had an audited net loss of $932,074 in 2011 versus net income of $169,359 in 2010. After taking into account preferred stock dividends and net income attributable to the minority interests held by outside shareholders in… Continue Reading UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2011

UNIVERSITY BANCORP ACQUIRES 37.5% OF UNIVERSITY LENDING GROUP

For Immediate Release UNIVERSITY BANCORP ACQUIRES 37.5% OF UNIVERSITY LENDING GROUP Ann Arbor, Michigan, January 3, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its subsidiary, University Bank, had acquired an additional 37.4925% membership interest in University Lending Group, LLC, effective as of December 31, 2011, bringing its total ownership to 87.5025%. University Bancorp, Inc. issued a total of 366,720… Continue Reading UNIVERSITY BANCORP ACQUIRES 37.5% OF UNIVERSITY LENDING GROUP

UNIVERSITY BANCORP SETS ANNUAL MEETING DATE

For Immediate Release UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 30, 2011 NOON EST Ann Arbor, Michigan, December 21, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its 2011 annual shareholder meeting has been scheduled for December 30, 2011, beginning at Noon EST at University Bank’s headquarters at 2015 Washtenaw Avenue, Ann Arbor. Shareholders of record as of the… Continue Reading UNIVERSITY BANCORP SETS ANNUAL MEETING DATE

UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2010

For Immediate Release UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2010 Ann Arbor, Michigan, May 15, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that it had an audited net income of $169,359 in 2010 versus net income of $2,618,272 in 2009.  After taking into account preferred stock dividends and net income attributable to the minority interests held by outside shareholders in… Continue Reading UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2010

UNIVERSITY BANCORP NAMES ITS NEW TRANSFER AGENT

For Immediate Release UNIVERSITY BANCORP, INC. NAMES REGISTRAR & TRANSFER ITS NEW TRANSFER AGENT Ann Arbor, Michigan, February 17, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that Registrar and Transfer Company, 10 Commerce Drive, Cranford, NJ 07016 has been named the new transfer agent for its common stock. All shareholders requiring issuance of new certificates or transfer of shares of… Continue Reading UNIVERSITY BANCORP NAMES ITS NEW TRANSFER AGENT

UNIVERSITY BANCORP, INC. NAMED SECOND FASTEST GROWING FIRM IN 2009

For Immediate Release CRAIN’S DETROIT BUSINESS NAMES UNIVERSITY BANCORP, INC. SECOND FASTEST GROWING FIRM IN THE GREATER DETROIT REGION IN 2009 Ann Arbor, Michigan, July 20, 2010, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that Crain’s Detroit Business has named it the second fastest growing firm in the greater Detroit region in 2009. Over the past five years, our audited revenues… Continue Reading UNIVERSITY BANCORP, INC. NAMED SECOND FASTEST GROWING FIRM IN 2009

CANTER & LITTLE ELECTED TO BANK BOARD

For Immediate Release DAVID CANTER & DAVID LITTLE JOIN UNIVERSITY BANK’S BOARD OF DIRECTORS Ann Arbor, Michigan, June 12, 2010 — University Bank announced that David Canter and David Little have been elected to University Bank’s board of directors. David Canter Executive Director of University of Michigan’s North Campus Research Complex David Canter is the recently appointed head of the University of Michigan North Campus… Continue Reading CANTER & LITTLE ELECTED TO BANK BOARD

TALLEY ELECTED TO KEY HIE INDUSTRY GROUPS

For Immediate Release UNIVERSITY BANCORP DIRECTOR MICHAEL M. TALLEY ELECTED TO KEY POSITIONS LOCALLY & NATIONWIDE IN THE HEALTH INFORMATION EXCHANGE INDUSTRY Ann Arbor, Michigan, June 8, 2010— University Bank today announced that University Bancorp director Michael M. Talley has been elected to key positions locally and nationwide in the health information exchange industry. Mr. Talley was elected: By the members of the South East… Continue Reading TALLEY ELECTED TO KEY HIE INDUSTRY GROUPS

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