February 20, 2006, Ann Arbor, Michigan—Stephen Lange Ranzini, President and Chairman of Ann Arbor’s University Bank (NASDAQ: UNIB), announced that it has entered into a master purchase agreement with Freddie Mac (NYSE:FRE) to create a secondary market for Sharia’a compliant loans to assist in home acquisitions by

Ann Arbor, Michigan, October 20, 2005 —University Bank (NASDAQ: UNIB) President Stephen Ranzini and Solden Development Company President Dean Solden have reached an agreement over the historic Hoover Mansion property.   University Bank has owned Hoover, LLC since June of this year. Solden had a contract with the

Ann Arbor, Michigan, March 29, 2005 – Stephen Lange Ranzini, Chairman and President of Ann Arbor based University Bank (NASDAQ:UNIB), has been elected Vice Chairman of the board of directors of the Washtenaw County Economic Development Corporation. Mr. Ranzini commented, “I am honored to be able

October 4, 2004, Ann Arbor, Michigan – University Bancorp (NASDAQ:UNIB) announced today it has a new Islamic Banking Division. The Islamic Banking Division will initially be responsible for promoting both an interest-free Mortgage Alternative Transaction (a redeemable lease program) and the FDIC-insured Profit Sharing Money Market