What does UNIB mean in NASDAQ SYMBOLS
UNIB stands for University Bancorp, Incorporated. It is a de-listed publicly trade holding company located in Ann Arbor, Michigan. The company’s primary operating subsidiary was Ann Arbor Commerce Bank, which specialized in making loans to college students and university faculty and staff. UNIB was founded in May 1989 and operated until it was acquired by an undisclosed purchaser in January 2006.
UNIB meaning in NASDAQ Symbols in Business
UNIB mostly used in an acronym NASDAQ Symbols in Category Business that means University Bancorp, Incorporated (de-listed)
Shorthand: UNIB,
Full Form: University Bancorp, Incorporated (de-listed)
For more information of "University Bancorp, Incorporated (de-listed)", see the section below.
Meaning of UNIB
University Bancorp, Incorporated was primarily focused on providing banking services to the local communities surrounding the universities at which they served. Their services included financial statement analysis, loan origination/delinquency management, deposit funding/liquidity management and asset/liability management. They also provided special credit products for universities such as interest-rate swaps and risk management services for endowments and investments portfolios held by colleges/universities.
Significance of UNIB
UNIB played an important role in providing financial services to the college community by acting as a bridge between the students, faculty and staff at these universities with their local bank accounts. This allowed students to quickly access funds to pay for tuition fees or purchase necessary items without having to worry about waiting periods associated with traditional banks or other third-party lenders. Furthermore, UNIB provided students with more convenient banking options such as direct deposit accounts that helped them better manage their finances from home or while studying abroad.
Essential Questions and Answers on University Bancorp, Incorporated (de-listed) in "BUSINESS»NASDAQ"
What is the history of University Bancorp, Incorporated?
University Bancorp, Incorporated was a publicly traded bank holding company located in Ann Arbor, Michigan. It operated 6 banking centers and various other offices in Michigan from 1989 till it was de-listed in 2006.
What type of business did University Bancorp, Incorporated provide?
University Bancorp, Incorporated's banking activities included accepting deposits from corporations and individuals; making loans to purchase homes and cars; offering credit cards; providing online and telephone banking services; providing merchant services; cash management services and financial planning products and investment services.
When did University Bancorp, Incorporated go public?
University Bancorp, Incorporated went public in 1989 when it became listed on the NASDAQ exchange under the symbol “UNIB”.
Why did University Bancorp, Incorporated become de-listed?
University Bancorp, Incorporated ceased operations as an independent public company and voluntarily delisted its shares from The Nasdaq Stock Market on April 21st 2006. This decision was made due to low trading volumes that were deemed not economically viable for the company.
How many branches did University Bancorp have?
At its peak, University Bancorp had six banking centers with several other offices throughout Michigan.
Was there a website for University Bancorp?
Yes, there was an official website for the company which provided information about their products and services prior to being de-listed. However that website is no longer active since the closure of the company in 2006.
Who were some of the clients served by University Bancorp?
University Bancorp served both customers from corporate as well as individual backgrounds such as small businesses, homeowners looking to finance their needs or buy a home and car buyers who needed banking assistance with loans or credit cards etc.
What happened to current shareholders after delisting?
After delisting shares held by registered shareholders (in their own name) were transferred over to American Stock Transfer & Trust Company until they were liquidated or transferred out by request of their original owners in accordance with applicable laws at that time.
Final Words:
University Bancorp, Incorporated was a unique organization that served the financial needs of college communities throughout Michigan and other states around the United States. Despite its demise in 2006 - due mainly to rising competition from online banking institutions - its legacy will long be remembered by those who benefited from its services while studying at universities across the country.