Stephen Lange Ranzini

STEPHEN LANGE RANZINI is President and Chief Executive Officer of
University Bancorp, Inc., Chairman and President of University
Bank of Ann Arbor, Michigan, and Chairman and President of both
the Michigan Business and Industrial Development Company and its
non-profit affiliate, Northern Michigan Foundation. He is
currently part of the small team implementing the banking
industry’s next generation Internet-based payment system with the
Financial Services Technology Consortium’s UVX Project. FSTC is
the R&D consortium of the nation’s largest banks. Mr. Ranzini has
also architected a telematics-based payments solution with one of
the big three auto companies, a secure bank-centric e-mail-based
payment system, and has applied for several patents covering
Internet payments. Mr. Ranzini is responsible for formulating and
enacting the strategic plan, annual budget and overall
supervision of the bank. He played the leading role in the
acquisition of the bank in 1988 and since then has been President
and CEO of the bank’s holding company where he became the
nation’s youngest bank holding company President at age 23. He is
the portfolio manager of the bank’s investment portfolio, and is
a registered investment advisor, managing the bank’s clients’
funds. He has successfully established numerous branch locations
and broadened the company’s interests to include insurance,
mortgage banking, mortgage subservicing, merchant banking and
foreign exchange. A magna cum laude graduate of Phillips Exeter
Academy, at Exeter, he was the first ever Exeter student to be a
Westinghouse (Intel) Science Talent Search Semi-Finalist. Mr.
Ranzini graduated from Yale and earned a double major in East
Asian Studies (Japan) and History. He speaks English, German and
Japanese. Prior to founding University Bancorp, he worked at T.
Rowe Price Associates, General Host Corporation and Triangle
Industries.