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





