Press Releases

UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2010

For Immediate Release 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 University Bank’s subsidiaries, net income per share

UNIVERSITY BANCORP NAMES ITS NEW TRANSFER AGENT

For Immediate Release 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 the Company’s common stock to another party should contact Registrar and

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

UNIVERSITY BANCORP, INC. ANNOUNCES 2009 PROFIT

For Immediate Release Ann Arbor, Michigan, June 1, 2010, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that it had audited net income of $693,517 in 2009 versus $34,739. After taking into account preferred stock dividends, net income per share attributable to the common stockholders of University Bancorp, Inc. was $0.147 per share in 2009 versus a net loss per share of

UNIVERSITY BANK ANNOUNCES 2008 RESULTS

For Immediate Release March 25, 2009, Ann Arbor, Michigan — University Bank, announced today that it had audited net income of $73,140 in 2008. Highlights for the year include: Mortgage subservicing managed under contract increased to $5 billion; Our new residential mortgage wholesale operation closed its first loan in July 2008 and originated $133.4 million of mortgage loans, primarily through the Federal Housing Administration; Our

UNIVERSITY BANK RECEIVES AWARD FROM ABA

For Immediate Release 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 for Community Bankers in Phoenix, Ariz. on Feb. 17. University Bank received the American Bankers Association’s 2009 Community Bank Award for its achievements in the Helping to Achieve Homeownership category.

UNIVERSITY BANK GIVES NOTICE OF VOLUNTARY DELISTING

For Immediate Release 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 value per share, from listing on the Nasdaq Capital Market and to withdraw the registration of the common stock under Section 12(b) of the Securities

UNIVERSITY BANCORP WINS FASTTRACK AWARD

For Immediate Release 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 for outstanding business success. The company is one of just 12 firms in Washtenaw County who met the criteria. Awards are presented to

AMERICAN BANKER: 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 its regulators, but it was time well spent. Last year its University Islamic Financial Corp. subsidiary generated roughly 20% of the company’s revenue, and that number

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 (NYSE:FRE) to create a secondary market for Sharia’a compliant loans to assist in home acquisitions by Islamic homebuyers.

Page 5 of 6« First...23456