Former Franklin Bank Vice President and Native Ann Arborite Joins University Bank Staff.

Business Editors

ANN ARBOR, Mich.--(BUSINESS WIRE)--Dec. 3, 2001

University Bank welcomes Lisa Hudy, formerly Lisa Aupperle, to its ranks as an Assistant Vice President and Business Development Officer.

Ms. Hudy will play an active role in the bank's endeavor to grow its small business relationships primarily within Washtenaw County.

Ms. Hudy is a native of Ann Arbor, attended Huron High School and received her Bachelor of Arts from the University of Michigan majoring in economics and political science. A member of Alpha Omicron Pi, Ms. Hudy continued to be active as an alumna with the sorority's corporate board for several years after graduation. She is the daughter of Eric M. Aupperle, currently President Emeritus and former President of Merit Network, Inc.

Prior to joining University, Ms. Hudy was with Franklin Bank in Southfield, Michigan for 13 years. At Franklin, Ms. Hudy served in a variety of capacities including Communications and Sales Administration and lastly, as Vice President of Communications and Risk Administration. Ms. Hudy brings the number to 5 former Franklin Bank employees now employed by or affiliated with University Bank, including CEO Rebecca David and board member Read Dunn.

"I enjoyed working with Lisa at Franklin and always appreciated her loyalty and willingness to accept diverse assignments," said University CEO Rebecca David. "I'm delighted she chose to join us here at University."

Ms. Hudy's career also included memberships and officer positions with the National Investor Relations Institute and Toastmasters International. She currently resides in Livonia with husband Alex and their two children.

University Bank is a $45 million asset State chartered, FDIC insured community bank. The Bank is a wholly owned subsidiary of University Bancorp (Nasdaq:UNIB). The Bank's commissioned business development officers are focused on the local business community, calling on business owners directly at their offices. Other bank specialties include residential mortgages, commercial real estate lending, insurance and investments through its wholly owned subsidiary, University Insurance & Investments, Inc., and highly competitive deposit products for business owners.