Corporate Profile for University Bancorp Inc., dated Sept. 18, 1998

Business Wire, Sept 18, 1998

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   Sept. 18, 1998

Company Name:          University Bancorp Inc.

Address:          959 Maiden Lane
               Ann Arbor, MI 48105

Main Telephone
 Number:          734/741-5858

Internet Home
 Page Address
  (URL):          http://university-bank.com
Chief Executive
 Officer:          Stephen Lange Ranzini

Chief Financial
 Officer:          Donald Rositano

Investor Relations
 Contact:          Stephen Lange Ranzini
 Business number: 734/741-5858
 e-mail address:  ranzini@university-bank.com
Public Relations
 Contact:          Stephen Lange Ranzini
 Business number: 734/741-5858
 e-mail address:  ranzini@university-bank.com
Trading Symbol/
 Exchange:          Nasdaq:UNIB

Industry:          Banking/Finance
Market Makers:          First of Michigan; Cohig & Associates

Company description: Ann Arbor-based University Bancorp owns 100 percent of University Bank, an FDIC-insured community Bank also based in Ann Arbor, Michigan.

In addition to its community bank operations, University Bank specializes in wholesale mortgage banking, subprime credit mortgage banking, and mortgage subservicing through its subsidiaries, Varsity Mortgage L.L.C., Varsity Funding Services L.L.C., and Midwest Loan Services Inc.

University Bank also owns 44.1 percent of the common stock (representing a 15.6 percent interest on a fully diluted basis) of Michigan BIDCO Inc., a community development lending organization licensed and regulated under the Michigan BIDCO Act. Michigan BIDCO makes risk-oriented investments in the form of loans or direct equity investments, or a combination thereof, to businesses located in Michigan.

University Bancorp's 1997 revenues were approximately $10,500,000.