Press Releases

UNIVERSITY BANCORP 2Q2019 NET INCOME $622,269, $0.12 PER SHARE

Ann Arbor, Michigan, September 3, 2019, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2019 of $622,269, $0.12 per share on average shares outstanding of 5,202,899 for the second quarter.   Net income for the quarter was adversely impacted by a decrease in the valuation of mortgage servicing rights (MSRs) due

UNIVERSITY BANCORP 1Q2019 NET LOSS $735,428, $0.14 PER SHARE;

Ann Arbor, Michigan, June 17, 2019, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net loss attributable to University Bancorp, Inc. common stock shareholders in 1Q2019 of $735,428, $0.14 per share on average shares outstanding of 5,202,899 for the first quarter, versus an unaudited net income of $625,427, $0.12 per share on average shares outstanding of 5,200,899 for 1Q2018.  For the

UNIVERSITY BANCORP 2018 NET INCOME $2,230,166, $0.43 PER SHARE

Ann Arbor, Michigan, April 15, 2019,– University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2018 of $2,230,166, $0.43 per share on average shares outstanding of 5,201,995 for the year, versus audited net income attributable to common stockholders of $5,124,358, $0.99 per share on average shares outstanding of 5,184,735 for 2017.  For 2018,

Huron Valley Financial TEAM Affiliates with University Bank University Lending Group Now Largest Locally Based Lender In Ann Arbor Region

Ann Arbor, Michigan, March 22, 2019,– University Bancorp, Inc. (OTCQB: UNIB) (the “Company”) announced that University Lending Group  (“ULG”), a subsidiary of University Bank (the “Bank”) has acquired assets including leased branch offices and hired a group of 52 employees from Huron Valley Financial, Inc. (“HVF”), a privately held mortgage banking firm also headquartered in Ann Arbor, MI.  The now allied group of employees on

UNIVERSITY BANCORP ISSUES $5 MILLION 6% CONVERTIBLE PREFERRED STOCK CO-FOUNDER OF FORTRESS INVESTMENT GROUP TO JOIN BOARDS

Ann Arbor, Michigan, December 21, 2018,– University Bancorp, Inc. (OTCQB: UNIB) (the “Company”) announced that it has issued to a company controlled by Robert Kauffman, a co-founder of Fortress Investment Group, $5 million of a newly created series of 6% convertible preferred stock, to be designated as Series 5 Convertible Preferred Stock (the “Preferred Stock”). The shares of Preferred Stock were issued for $4.75 million,

UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS NOVEMBER 2, 2018 NOON EST

Ann Arbor, Michigan, October 29, 2018, — University Bancorp, Inc. (OTCQB: UNIB) today announced that its 2018 annual shareholder meeting has been scheduled for November 2, 2018, beginning at Noon EST at University Bank’s headquarters at 2015 Washtenaw Avenue, Ann Arbor.  Shareholders of record as of the close of business October 26, 2016 will be entitled to vote.  As a measure to economize and save

UNIVERSITY BANCORP 2Q2018 NET INCOME $889,261, $0.171 PER SHARE

Ann Arbor, Michigan, September 6, 2018, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2018 of $889,261, $0.171 per share on average shares outstanding of 5,200,899 for the second quarter, versus unaudited net income of $908,956, $0.175 per share on average shares outstanding of 5,200,899 for 2Q2017. For the six

UNIVERSITY BANCORP 1Q2018 NET INCOME $625,247, $0.12 PER SHARE

Ann Arbor, Michigan, May 15, 2018, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2018 of $625,247, $0.12 per share on average shares outstanding of 5,200,899 for the first quarter, versus an unaudited net income of $900,023, $0.175 per share on average shares outstanding of 5,200,899 for 1Q2017.  For the

AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #3 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2017

Ann Arbor, Michigan, May 11, 2018, — University Bancorp, Inc. (OTCQB: UNIB), announced that it was ranked as the #3 banking firm in the entire United States in 2017 based on return on average shareholders’ equity according to American Banker magazine (https://www.americanbanker.com/data/cautiously-optimistic-the-top-200-publicly-traded-community-banks).  American Banker also ranked our bank holding company #3 nationwide for return on average equity for the three year period 2015-2017 and #4

UNIVERSITY BANCORP 2017 NET INCOME $5,124,358, $0.99 PER SHARE; RETURN ON EQUITY IS 28.3%

UNIVERSITY BANCORP 2017 NET INCOME $5,124,358, $0.99 PER SHARE; RETURN ON EQUITY IS 28.3% Ann Arbor, Michigan, April 12, 2018, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2017 of $5,124,358, $0.99 per share on average shares outstanding of 5,187,218 for the year, versus audited net income of $3,806,197, $0.75  per