University Bancorp Acquires Remaining 20% of UIF for About $15.2 Million
University Bancorp will acquire the remaining 20% of UIF for about $15.2 million in cash and stock.
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11:47:13 PM UTC
SquawkNews
University Bancorp, Inc. closed its purchase of the remaining 20% of UIF Corporation for 482,054 new UNIB shares plus $3.91M cash, making UIF a wholly owned unit of University Bank.Material DetailsContext by AI AnalystThis closes a previously announced move to fully consolidate a core subsidiary, s…