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Home > Company Index > Banking > Banking - Midwest > University Bancorp, Inc.

University Bancorp, Inc.
Nasdaq (SC): UNIB
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 PROFILE
University Bancorp is a bank holding company for University Bank. From a single branch and one loan office, the bank serves customers in and around Ann Arbor, Michigan, offering a variety of services including checking, savings, NOW, and retirement accounts, as well as CDs. The bank primarily originates residential real estate loans (more than 40% of the loan portfolio); commercial, financial, and agricultural loans are also available. The bank sells its residential loans in the secondary market. Nonbanking subsidiaries offer mortgage, insurance, and investment services. The Ranzini family, including chairman Joseph and CEO Stephen Ranzini, owns about two-thirds of the company.

 COMPETITION
Capitol Bancorp Ltd. (CBCL)
National City Corporation (NCC)
TCF Financial Corporation (TCB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6.00
1-Yr. Sales Growth: 9.1%
Employees: 106
Revenue per employee: $56,603.77

 KEY PEOPLE
• Stephen L. Ranzini
    CEO
• Nicholas Fortson
    CFO

 CONTACT INFO
959 Maiden Ln.
Ann Arbor, MI 48105
US
Phone: 734-741-5858
Fax: 734-741-5859
Online: Web Site

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