University Bank - Ann Arbor

University Bank

University Bank is an FDIC insured, locally owned and locally managed Community Bank primarily serving the cities of Ann Arbor and Ypsilanti of Washtenaw County, Michigan.

Hours

Monday-Friday 9-5pm; Monday, Friday, open late til 6pm; Saturday 10am-noon; closed Sunday.

Location

University Bank is located at :

2015 Washtenaw Ave. / Ann Arbor / MI / 48104

Tel: 734-741-5858 / Fax: 734-741-5859

Website: www.university-bank.com

Officers and directors

Currently, the bank's directors are:

Dr. David Canter, Executive Director of the North Campus Research Complex at the University of Michigan
Nicholas Fortson, CPA, CFO CorePlus Federal Credit Union, Norwich, CT and former CEO of University Bank
Tami Janowicz Chief Operating Officer, University Bank
David Little, Former Senior Executive, Great Lakes Bank, F.S.B. and former Mayor of Manchester, MI
Charles McDowell, Chairman of the Board, University Bank & Former CEO, Northwestern State Bank, East Jordan, MI
Willie Powell, CPA, Minister and Former Executive Director, Ann Arbor Employees Retirement System
Stephen Lange Ranzini, President, Chief Executive Officer, University Bank
John J. H. "Joe" Schwarz, M.D, Former Congressman
Alma Wheeler Smith, Former State Senator

The Bank's Executive Officers are:

Louise Collins, Esq. General Counsel and Chief Compliance Officer, University Bank
Tami Janowicz Chief Operating Officer, University Bank
Stephen Lange Ranzini, President, Chief Executive Officer, University Bank

Business focus

The Community Banking operation focuses on local businesses, local residents, minorities and non-profit organizations. Other Community Banking specialties include highly competitive deposit products, residential and commercial real estate mortgage lending and business loans. Insurance and stock, bond and mutual fund investments are also available to our customers through our wholly owned subsidiary University Insurance & Investments, Inc.

Islamic Banking

University Islamic Financial Corporation is a subsidiary of University Bank.

University Bank is proud to have formed University Islamic Financial Corporation, the first Islamic Banking subsidiary run entirely on Shariah principles. UIFC serves the needs of the Muslim community by offering Shariah-compliant deposit accounts through University Bank and Mortgage Alternative (MALT™) products. Through University Bank's subsidiary, University Insurance & Investment Services we also make Shariah-compliant Mutual Funds available to our customers. We are always striving to provide more Shariah-compliant products in order to be your single point of contact for all your financial services needs.

In the news

Regulators require new chairman, oversights for Ann Arbor-based University Bank, Michigan Business Review, April 2009

Don Mann, a banking consultant, regulatory liaison for the Michigan Association for Community Bankers and formerly the state's top bank regulator, said the bank's deposits are still federally guaranteed up to $250,000, and that the requirements of the cease and desist are attainable for the bank.