About University Bank
About University Bank
University Bank’s Mission
We are a bank focused on listening and responding to our community’s true needs and profitably providing the highest level of service to the people, small businesses and organizations that we serve.
University Bank’s Values Statement
Ethics: We are guided by our shared values and always strive to maintain them in everything we do.
The Individual: We respect the individual and value their differences, including their need to achieve professional and personal balance in their life.
Integrity: We speak openly and directly and we do what we say, with care and compassion, and work hard to understand and resolve issues.
Accountability: We understand what is expected of us, always maintain the highest standards of ethics and the highest standards of quality and are fully committed to meeting those expectations.
Success: We focus on listening and responding to our customers’ true needs, by combining operational excellence and cross functional teamwork to produce exceptional results, with profit.
Diversity: We celebrate, respect and serve our diverse community.
Community: We improve our communities by being active, responsible and generous members of the communities we serve.
University Bank Profile
University Bank (Member FDIC) is an FDIC-insured, locally owned and locally managed Community Bank primarily serving the cities of Ann Arbor and Ypsilanti in Washtenaw County, Michigan. The Community Banking operation focuses on local residents, local businesses, minorities, and non-profit organizations. Other Community Banking specialties include highly competitive deposit products, residential mortgages, commercial real estate lending, insurance, through its wholly owned subsidiary Ann Arbor Insurance Centre, Inc., and wealth management.
Everyday everyone is truly appreciated and respected at University Bank. Ann Arbor based University Bancorp owns 100% of University Bank. In addition to its Community Banking operations, University Bank specializes in mortgage subservicing through the Bank’s Hancock-based division, Midwest Loan Services. University Lending Group (ULG), a division of University Bank, is a full-service mortgage firm whose goal is to provide a comprehensive selection of competitively priced loan products. Our products and services are designed to meet your needs. UIF Corporation (UIF) is a subsidiary of University Bank. In business since 2003, UIF offers faith-based finance products and services that allow our customers to remain true to their faith. UIF’s goal is simple: to serve the financial needs of the Muslim, Hindu, Jewish, and Christian customers who have an ethical aversion to paying or receiving interest.
History of University Bank
University Bank is owned by University Bancorp and was initially chartered as The Newberry State Bank and located in Newberry, Michigan in the Upper Peninsula. The Bank was founded in 1890. In 1988, a bank holding company owned by Stephen Lange Ranzini and Joseph Ranzini acquired a controlling interest in the bank. Under Stephen Lange Ranzini’s leadership as President and CEO of the bank holding company, the Bank expanded into Sault Ste. Marie and doubled in size.
In 1994, Newberry State Bank sold its loans, deposits, and branches to another bank in the Upper Peninsula. Retaining the Bank charter, Stephen Lange Ranzini changed the name of the Bank to University Bank. He was interested in relocating the Bank to Ann Arbor because there was only one other community bank based in Ann Arbor at the time, and it is a diverse, vibrant, and growing community. A new management team was recruited, and the Bank opened its first office in Ann Arbor in early 1996. After the initial management team was replaced, Stephen Lange Ranzini took over the direct day-to-day management of the bank in late 1997. The Bank relocated to the historic Hoover Mansion in Ann Arbor in 2005.
University Bank has become a sophisticated community bank with a high degree of personalized, comprehensive, responsive customer service and low fees.
At University Bank customers experience the difference of:
• Local decision making
• Our Customers Receive Personal Service and Attention
• Competitive Pricing
• All Financial Services Products Available
• Low fees
Our Team
Stephen Lange Ranzini
Gerhard Naude
Careers
Current Openings
Pay Transparency – Nondiscrimination Provision
University Bank Diversity Statement
Know Your Rights – Workplace Discrimination is Illegal
Employee Polygraph Protection Act
University Bank Directors
University Bank Directors
University Bank’s Directors are:
- Armando Cavazos
- Gerhard Naude
- Larry Nichols
- Ronnie Peterson
- Willie Powell
- Stephen Lange Ranzini
- Ron Reed
- Alma Smith
- Michael Thaden
The Bank’s Executive Officers are:
- Stephen Lange Ranzini, President, University Bank
- Gerhard Naude, Chief Executive Officer, University Bank
- Veronica Sellers, EVP, Chief Risk Officer
