Yahoo · Sep 29, 2026
University Bancorp, Inc. Issues $25 Million of Subordinated Notes
ANN ARBOR, MI / ACCESS Newswire / September 29, 2026 / (OTCQB: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 corporate purposes including, without limitation, to increase the common equity of its wholly owned banking subsidiaries and to redeem other outstanding senior or subordinated notes.


