University Bancorp Acquires 20% of UIF Corporation for About $15.2 Million
University Bancorp closed the acquisition of a 20% stake in UIF Corporation for cash and stock worth about $15.2 million.
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11:46:51 PM UTC
SquawkNews
ANN ARBOR, MI / / October 30, 2026 / University Bancorp, Inc. OTC:UNIB or ("UNIB") announced that it closed today on the previously announced transaction to acquire 20% of UIF Corporation. UIF is a key subsidiary of University Bank, previously 80% owned, and now 100% owned by Univer…