University Bank CEO Stephen Lange Ranzini Wins Award From Crain’s for His Lifetime of Accomplishments Fostering Diversity Equity & Inclusion

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 article quotes Alma Wheeler Smith, former Michigan State Senator and Michigan State Representative, stating:

Stephen was forward-looking: tackling the poverty-ensuring legacy of redlining in Ypsilanti, creating religious-compliant, no-interest loan programs for Muslim borrowers, and putting women and minorities on the bank's board before demands for racial and gender equity drove other banks to introduce those changes. That's leadership, and it's powerful and empowering.

Ronnie D. Peterson, the current Michigan State Representative for District 54, which encompasses Ypsilanti and Ypsilanti Township, congratulated Mr. Ranzini on this award and noted:

“I have served my hometown of Ypsilanti as an elected official at the local, county and state level for the better part of the last four decades. Over the course of my career, I have encountered no one in the financial community who has displayed a greater commitment to diversity and social equity than University Bank President and CEO, Stephen Ranzini. Stephen has led the charge to eradicate mortgage redlining in Ypsilanti and, under his leadership, both minority homeownership and local property values have seen marked increases. Stephen Ranzini has demonstrated through his policies and actions that good corporate citizenship and profitability are not mutually exclusive objectives. He recognized the promise and trusted the integrity of the people of Ypsilanti when no other financial institution could, and the area's resurgence in recent years is due, in large part, to the good work of Mr. Ranzini and University Bank.”

The full text of the article is available at: https://www.crainsdetroit.com/awards/stephen-ranzini-notable-executive ....

Ann Arbor-based University Bancorp owns 100% of University Bank which, together with its Michigan-based subsidiaries, holds and manages a total of over $36 billion in financial assets for over 187,000 customers, and our over 545 employees make us the 5^th 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 15^th 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: