Notice of Change in Control
Stephen Lange Ranzini as trustee of the Stephen Lange Ranzini Inherited IRA, Ann Arbor, Michigan; Stephen Lange Ranzini Inherited IRA, Ann Arbor, Michigan; Joseph Lange Ranzini as trustee of the Joseph Lange Ranzini IRA, Waynesboro, Virginia; Joseph Lange Ranzini IRA, Waynesboro, Virginia; Paul Lange Ranzini of Meunster, Germany; David William Ranzini of Tokyo, Japan; Gregory Paul Ranzini of Wilmington, Delaware; Holly Ann Clare of Atlanta, Georgia; Emily Elizabeth Hu of Washington, District of Columbia; Jonathan Paul Hu of Princeton, New Jersey; Abigail Raffaela Hu of Princeton, New Jersey, to join the Ranzini Family Group, have applied to the Federal Reserve Board for permission to retain control of 25 percent or more of the voting shares and thereby retain control of University Bancorp, Inc., Ann Arbor, Michigan. University Bancorp, Inc. controls University Bank, Ann Arbor, Michigan. The Federal Reserve considers a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this notice to Colette A. Fried, Assistant Vice President Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, IL 60604. The comment period will not end before October 8, 2024 and may be somewhat longer. The Board’s procedures for processing applications may be found at 12 C.F.R. Part 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the notice, contact Jane Dokko, Vice President of Community Development and Policy Studies at (312) 322-6827; to request a copy of the notice, contact Colette A. Fried at (312) 322-6846. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.
Dated: September 17, 2024
