Published:
University Bank's Islamic Subsidiary Featured on Reuters News
University Bank (NASDAQ: UNIB) announced that
its Islamic Banking subsidiary, University Islamic Financial Corporation,
was featured in a news story about Islamic Banking on Reuters News. The
story is available online at:
http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-04-26T120127Z_01_N17265000_RTRIDST_0_LIFE-ISLAMICFINANCE-GENERAL-FEATURE.XML
Ann Arbor based University Bancorp owns 100% of University Bank which
manages a total of $3.75 billion in assets. University Bank is an
FDIC-insured, locally owned and managed Community Bank primarily serving
the cities of Ann Arbor and Ypsilanti of Washtenaw County. The Community
Banking operation focuses on local businesses, minorities and the
non-profit communities. University Bank is the only financial institution
headquartered in Washtenaw County to be rated "Outstanding" by the FDIC for
Community Service and Community Reinvestment. Other Community Banking
specialties include highly competitive deposit products for business
owners, residential mortgages, commercial real estate lending and
insurance, investments and money management through its wholly owned
subsidiary University Insurance & Investments, Inc. In addition to its
Community Banking operations, University Bancorp specializes in mortgage
subservicing and mortgage origination primarily serving over 230 credit
unions (representing 2.4% of all credit unions nationwide) through the
Bank's Houghton-based 80%-owned subsidiary, Midwest Loan Services.
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Tags: ,FinancialServices:Insurance, FinancialServices:InvestmentServices and Trading, FinancialServices:CommercialandInvestmentBanking, FinancialServices:RetailBanking, FinancialServices:PersonalFinance, ,NASDAQ01,NASDAQ01,MI,ANN ARBOR, MI
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