Ann Arbor, Michigan, April 7, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2016 of $3,806,197, $0.75 per share on average shares outstanding of 5,100,899 for the year, versus audited net income
Ann Arbor, Michigan, April 6, 2016 — University Bank, a subsidiary of University Bancorp, Inc. (OTCQB: UNIB), announced that it has issued to a private investor group a $2.5 million Tier 1 Participatory Note Certificate. The Note Certificate is perpetual and has no maturity date. The additional
Ann Arbor, Michigan, April 1, 2016 — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2015 of $3,139,217, $0.618 per share on average shares outstanding of 5,080,372 for the year, versus audited net income
Ann Arbor, Michigan, February 1, 2016, — University Bancorp, Inc. (OTCQB: UNIB) today announced that its board of directors has declared the Company’s first dividend to its common shareholders, in the amount of $0.107 per share, a payment of approximately $546,000 in total on the 5,102,844 shares
Ann Arbor, Michigan, July 28, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that Stephen Lange Ranzini, President & CEO of both University Bank and University Bancorp, has been appointed as one of 16 members of the new Secure Payments Steering Committee established by the Federal Reserve.
Ann Arbor, Michigan, May 26, 2015, — University Bancorp, Inc. (OTCQB: UNIB) has been informed by Fundamental Global Partners, L.P. & Fundamental Global Master Fund, L.P. that they hold a total of 503,058 shares of common stock of the Company, or 9.86% of the 5,102,844 currently outstanding
Ann Arbor, Michigan, April 24, 2015, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stockholders in 2014 of $755,181, $0.16 per share on average shares outstanding of 4,722,891. Audited net income for 2013 attributable to common
Ann Arbor, Michigan, November 24, 2014, — University Bancorp, Inc. (OTCQB: UNIB) announced that it executed an option agreement that gives it the right to acquire the final 20% of Midwest Loan Services Inc. that it does not own for total consideration of $3,101,463.57. The consideration to
Ann Arbor, Michigan, October 9, 2014, — University Bancorp, Inc. (OTCQB: UNIB) announced that the American Bankers Association, through its Corporation for American Banking subsidiary, has endorsed University Bank’s subsidiary, Midwest Loan Services Inc., to provide an array of residential mortgage subservicing services to member banks and
Ann Arbor, Michigan, April 4, 2014,– University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2013 of $1,826,008, $0.391 per share on average shares outstanding of 4,673,980 for the year. For 2013, University Bancorp
