Articles tagged:United Bank & Trust

Mortgages help but development loans hurt Bank of Ann Arbor, United Bank & Trust

Posted: Thu Nov 5 5:49 a.m. by Dan Meisler Freelance reporter

Revenue from mortgage origination is helping offset the continuing drag on earnings from poor quality real estate development loans for the county's top two community banks, according to quarterly reports. Bank of Ann Arbor, the top community bank by deposit market share according to the Federal Insurance Deposit Corp., earned ...

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A year after Wall Street meltdown, Ann Arbor banks seek to grab larger share of the market

Posted: Thu Sep 17 7:07 a.m. by Dan Meisler Freelance reporter

One year after the bottom fell out from under the major Wall Street financial institutions, local community banking leaders are looking forward to grabbing a larger market share, while offering different perspectives on the actions the government took to prevent more large banks from failing in fall 2008. "All the ...

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Parent company of Ann Arbor's United Bank & Trust loses $5.46 million in first half

Posted: Fri Jul 24 5:38 p.m. by Dan Meisler Freelance reporter

The deteriorating quality of its loans - particularly related to the home building industry - contributed to a $762,000 second quarter operating loss for United Bancorp, the parent company of United Bank and Trust. However, according to filings released today, results for the first half of the year showed steeper ...

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