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News 2026-09-29 21:48 UTC

University Bancorp, Inc. Issues $25 Million of Subordinated Notes

ANN ARBOR, MI / / September 29, 2026 / University Bancorp, Inc. OTC:UNIB (the "Company") today announced the closing of a $25 million private placement of Fixed-to-Floating Rate Subordinated Notes (the "Notes") due 2036. The Company plans to use the net proceeds for general corporat…