ANN ARBOR, MI / ACCESSWIRE / January 11, 2022 / Bancorp University, Inc. (OTCQB: UNIB) announced that it has been selected by Bank Director Magazine as America’s Best Performing Bank. We are very proud to be honored among all banks in the United States as having:
- # 1 Best growth strategy
- # 2 best community banks
- # 7 best management teams
In the Best Growth Strategy category, University Bancorp was ranked # 1 as the nation’s # 1 bank for its innovative growth model which has seen revenue increase over the past 16 years at a compound 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, its return on equity has exceeded 20% per year.
For the Best Leadership Team category, University Bancorp was ranked in the Top 10, in 7th place, just behind JP Morgan Chase Bank and just ahead of PNC Bank. These are huge organizations that manage billions of dollars in assets and have essentially unlimited resources. It is a great honor for our management team to even be placed in the same list as these exceptional organizations.
The full list is available here:
An interview with Bancorp University, Inc. CEO Stephen Lange Ranzini is available here:
Shareholders and investors are encouraged to refer to financial information, including investor presentations, audited financial statements, strategic plan, and previous press releases, available on our Investor Relations webpage at : http://www.university-bank.com/bancorp/. A detailed University Bank income statement and balance sheet as of 09/30/2021 are available here: https://www.university-bank.com/wp-content/uploads/2021/11/UBank-Balance-Sheet-Income-Statement-Sep-2021.pdf.
Ann Arbor-based Bancorp University owns 100% of University Bank which, along with its Michigan-based subsidiaries, owns and manages a total of more than $ 39 billion in financial assets for more than 195,000 clients, and our 565 employees make us the 5th largest bank based in Michigan. University Bank is a locally owned and managed FDIC insured community bank serving 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 “Community Banker of the Year” by American Banker Magazine and as recipient of the Community Bank Award from the American Bankers Association. University Bank is a member of the FDIC. The members of the University Bank family of companies, ranked by income size, are:
- University Lending Group, a residential retail mortgage originator based in Clinton Township, MI;
- Midwest Loan Services, a residential mortgage loan sub-service based in Houghton, MI;
- UIF, a faith-based banking company based in Southfield, MI;
- Community Banking, based in Ann Arbor, MI, which provides traditional community banking services in the Ann Arbor area;
- Midwest Loan Solutions, a residential reverse mortgage lender and warehouse lender based in Southfield, MI;
- Ann Arbor Insurance Center, an independent insurance agency based in Ann Arbor.
CAUTION : This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements regarding future asset growth, profit before tax and net income, budgeted income levels, sustainability of past results, loan origination levels and margins. mortgage, appraisals and other expectations and / or goals. These 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, government and technologies affecting our operations, markets, products, services, interest rates and service charges. 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 assume no obligation to update any forward-looking information or statement.
Contact Person: Stephen Lange Ranzini, President and CEO
Telephone: 734-741-5858, ext. 9226
Email: [email protected]
THE SOURCE: Bancorp University, Inc.
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