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 close of business December 23, 2011 will be entitled to vote. As a measure to economize and save the shareholders money, no proxies will be solicited for the meeting by the company.

Ann Arbor-based University Bancorp owns 100% of University Bank. Founded in 1890, University Bank® is proud to be selected as the “Community Bankers of the Year” by American Banker magazine, the recipient of the American Bankers Association’s 2009 “Community Bankers of the Year” Award and as the second fastest growing business of any type in the Greater Detroit Region by Crain’s Detroit Business in 2009. As of 11/30/2011, University Bank was managing $10.3 billion in financial assets for its customers.

Full financial information is available at: http://www.university-bank.com/bancorp/.

Contact: University Bank
Stephen Lange Ranzini, President and CEO
Phone: 734-741-5858, Ext. 226
Email: ranzini@university-bank.com