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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