ACCESSWIRE
12 Jan 2022, 08:43 GMT+10
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:
For the category of Best Growth Strategy, University Bancorp was ranked #1, the top bank in the country, for its innovative growth model that has seen revenue grow over the last 16 years at a compounded rate of over 20%.
For the category of Best Community Banks, University Bancorp was ranked #2, for its excellent financial performance. Over the past 16 years, it's return on equity has exceeded 20% per annum.
For the category of Best Leadership Teams, University Bancorp was ranked in the Top 10, at #7, just behind J.P. Morgan Chase Bank, and just ahead of PNC Bank. These are enormous organizations managing trillions of dollars of assets and have essentially unlimited resources. It's a great honor for our management team even to be rated in the same list with these outstanding organizations.
The entire listing, is available here:
https://www.bankdirector.com/rankingbanking/2022-rankingbanking-the-best-banks/
An interview with University Bancorp, Inc. CEO, Stephen Lange Ranzini, is available here:
https://www.bankdirector.com/rankingbanking/best-growth-strategy-2/
Shareholders and investors are encouraged to refer to the financial information including the investor presentations, audited financial statements, strategic plan and prior press releases, available on our investor relations web page at: http://www.university-bank.com/bancorp/. A detailed income statement and balance sheet for University Bank as of 9/30/2021 are available here: https://www.university-bank.com/wp-content/uploads/2021/11/UBank-Balance-Sheet-Income-Statement-Sep-2021.pdf.
Ann Arbor-based University Bancorp owns 100% of University Bank which, together with its Michigan-based subsidiaries, holds and manages a total of over $39 billion in financial assets for over 195,000 customers, and our 565 employees make us the 5th largest bank based in Michigan. University Bank is an FDIC-insured, locally owned and managed community bank, and meets the financial needs of its community through its creative and innovative services. Founded in 1890, University Bank® is the 15th oldest bank headquartered in Michigan. We are proud to have been selected as the 'Community Bankers of the Year' by American Banker magazine and as the recipient of the American Bankers Association's Community Bank Award. University Bank is a Member FDIC. The members of University Bank's corporate family, ranked by their size of revenues are:
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in assets, pre-tax income and net income, budgeted income levels, the sustainability of past results, mortgage origination levels and margins, valuations, and other expectations and/or goals. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting our operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to update any information or forward-looking statement.
Contact: Stephen Lange Ranzini, President and CEO
Phone: 734-741-5858, Ext. 9226
Email: ranzini@university-bank.com
SOURCE: University Bancorp, Inc.
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationDENVER, COLORADO: A federal judge has ruled that a rural Colorado school district can ban a high school student from ...
ZURICH, Switzerland: In one of the largest legal awards ever against Credit Suisse, the bank was ordered to pay $926 ...
DETROIT, Michigan: Amid broader global concerns over semiconductor chip supplies, sanctions and national security, Chinese commerce minister Wang Wentao said ...
WASHINGTON D.C.: The White House announced this week that President Joe Biden has chosen US Air Force chief General Charles ...
GUAM: After Typhoon Mawar brought strong winds and torrential rains, large areas of the US Western Pacific territory of Guam ...
NEW YORK CITY, New York: In one of the largest known Chinese cyber-espionage campaigns against American critical infrastructure, a state-sponsored ...
DETROIT, Michigan: After Ford Motor Co announced an agreement with Tesla to allow autos to be charged using the Tesla ...
CHICAGO, Illinois: Boosted by an ongoing shortage of previously owned houses on the market and a considerable drop in prices ...
By Payal MehtaNew Delhi [India], May 31 (ANI): The protesting ace grapplers on Tuesday decided to push back their plan ...
The Detroit Tigers placed left-hander Eduardo Rodriguez on the 15-day injured list Tuesday with an index finger injury, while outfielder ...
Lucknow (Uttar Pradesh) [India], May 31 (ANI): Embattled Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh on Tuesday ...
Haridwar (Uttarakhand) [India], May 31 (ANI): Farmer leader Naresh Tikait on Tuesday intervened and stopped protesting wrestlers from immersing their ...