Archive for the Press Releases Category

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 SIGNS $100,000,000 SHARIA’A HOME ACQUISITION MASTER COMMITMENT WITH FREDDIE MAC

For Immediate Release UNIVERSITY BANK SIGNS $100,000,000 SHARIA’A HOME ACQUISITION MASTER COMMITMENT WITH FREDDIE MAC   February 20, 2006, Ann Arbor, Michigan—Stephen Lange Ranzini, President and Chairman of Ann Arbor’s University Bank (NASDAQ: UNIB), announced that it has entered into a master purchase agreement with Freddie Mac […]

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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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UNIVERSITY BANCORP PRESIDENT APPOINTED U.S. DELEGATE

FOR IMMEDIATE RELEASE UNIVERSITY BANCORP PRESIDENT APPOINTED U.S. DELEGATE TO THE TOP GLOBAL SECURITY STANDARDS ORGANIZATION FOR THE FINANCIAL SERVICES INDUSTRY, ISO TC68 SC2 Ann Arbor, Michigan, March 28, 2005 — University Bancorp, Inc. (NASDAQ: UNIB) announced that Stephen Lange Ranzini, President & CEO of University Bancorp, […]

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UNIVERSITY BANK ANNOUNCES NEW ISLAMIC BANKING DIVISION

FOR IMMEDIATE RELEASE UNIVERSITY BANK ANNOUNCES NEW ISLAMIC BANKING DIVISION  October 4, 2004, Ann Arbor, Michigan – University Bancorp (NASDAQ:UNIB) announced today it has a new Islamic Banking Division.  The Islamic Banking Division will initially be responsible for promoting both an interest-free Mortgage Alternative Transaction (a redeemable […]

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UNIVERSITY BANK’S STEPHEN LANGE RANZINI NEW PRESIDENT OF YALE ALUMNI ASSOCIATION OF MICHIGAN

FOR IMMEDIATE RELEASE UNIVERSITY BANK’S STEPHEN LANGE RANZINI NEW PRESIDENT OF YALE ALUMNI ASSOCIATION OF MICHIGAN November 20, 2003, Ann Arbor, Michigan – Stephen Lange Ranzini, Chairman and President of Ann Arbor based University Bank (NASDAQ:UNIB), was appointed the new President of the Yale Alumni Association of […]

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CHILD MUSICAL PRODIGY, LEGAL PIONEER, FINANCIER AND CIVIL RIGHTS PIONEER JOSEPH RANZINI DIES, AT 73

FOR IMMEDIATE RELEASE CHILD MUSICAL PRODIGY, LEGAL PIONEER, FINANCIER AND CIVIL RIGHTS PIONEER JOSEPH RANZINI DIES, AT 73   November 27, 2002 (Princeton, New Jersey) Joseph Louis Ranzini, chairman of NASDAQ-listed University Bancorp, Inc. (NASDAQ Symbol UNIB), born on April Fool’s Day 1929 in Joliet, Illinois, died […]

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