Articles from University Bancorp, Inc.

ANN ARBOR, MI / ACCESS Newswire / September 29, 2026 / University Bancorp, Inc. (OTCQB:UNIB) (the "Company") today announced the closing of a $25 million private placement of Fixed-to-Floating Rate Subordinated Notes (the "Notes") due 2036. The Company plans to use the net proceeds for general corporate purposes including, without limitation, to increase the common equity of its wholly owned banking subsidiaries and to redeem other outstanding senior or subordinated notes.

University Bank's Payments Hub To Feature Quantum Computing Safe Encryption

ANN ARBOR, MI / ACCESS Newswire / September 3, 2026 / University Bancorp, Inc. (OTCQB:UNIB or "UNIB") announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2026 of $2,350,713, $0.45 per share on average shares outstanding of 5,169,518 for the second quarter of 2026, compared to an unaudited net loss of $2,015,771, $0.39 per share on average shares outstanding of 5,169,518 for 2Q2025. On a fully diluted basis, net income per share in 2Q2026 was $0.36. There were no dilutive instruments outstanding in 2Q2025.

ANN ARBOR, MI / ACCESSWIRE / January 11, 2022 / University Bancorp, Inc. (OTCQB:UNIB) announced that it has been selected by Bank Director Magazine as a top performing U.S. bank. We are very proud to be honored among all banks in the U.S. as having the: - #1 Best Growth Strategy - #2 Best Community Banks - #7 Best Leadership Teams For the category of Best Growth Strategy, University Bancorp was ranked #1, the top bank in the country, for its

ANN ARBOR, MI / ACCESSWIRE / November 19, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 3Q2021 of $7,163,914, $1.47 per share on average shares outstanding of 4,863,496 for the third quarter, versus an unaudited net income of $11,483,780,106, $2.20 per share on average shares outstanding of 5,206,899 for 3Q2020. For the 12 months

ANN ARBOR, MI / ACCESSWIRE / November 12, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2021 of $7,283,972, $1.53 per share on average shares outstanding of 4,765,785 for the second quarter, versus an unaudited net income of $9,009,106, $1.73 per share on average shares outstanding of 5,204,899 for 2Q2020. For the 12 months ended

ANN ARBOR, MI / ACCESSWIRE / July 30, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2020 of $7,703,863, $1.62 per share on average shares outstanding of 4,765,518 for the first quarter, versus an unaudited net loss of $453,266, $0.09 per share on average shares outstanding of 5,204,899 for 1Q2020. For the 12 months ended March 31,

ANN ARBOR, MI / ACCESSWIRE / July 30, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had audited net income of $28,002,817 in 2020, of which $27,702,817 was attributable to University Bancorp, Inc. common stockholders, $5.39 per share on average shares outstanding of 5,141,148 for the year, versus audited net income of $3,616,824 in 2019, of which $3,316,824 was attributable to University Bancorp, Inc. common stockholders, $0.64

ANN ARBOR, MI / ACCESSWIRE / June 18, 2021 / University Bancorp, Inc. (OTCQB:UNIB) today announced that its President & CEO, Stephen Lange Ranzini, who also serves as President & CEO of the Company's wholly-owned subsidiary, University Bank, was selected by Crain's Detroit Business as one of "Crain's 2021 Notable Executives in DEI" [Diversity, Equity and Inclusion]. Among the reasons why Mr. Ranzini was selected for this award, the