Stephen Lange Ranzini

Stephen Lange Ranzini is president and CEO of University Bank and president and CEO of University Bancorp, Inc. (Listed OTCQB under symbol UNIB.)

At the age of 23, after graduating from Yale University, Ranzini convinced Bank One Corporation to lend to a newly formed corporation of which he was president the monies necessary to buy a bank in a leveraged buyout. He then became the youngest bank holding company president in the U.S.A. in July 1988.

Ranzini served as the U.S. delegate to the United Nations global financial services standards setting body, UN CEFACT TBG5, from April 2003 until July 2011 and during that time served thrice as a U.S. Delegate to the International Organization for Standardization global standards setting body for financial services, ISO/TC 68, from June 2004 to June 2007. He also was a member of the board of directors of the U.S. financial services standards setting body, ANSI ASC X9, from April 2004 to September 2011. He has been a member of the Federal Reserve System's Remittance Coalition, a group of national payment system experts working to eliminate paper check based transactions in the U.S. since its formation in August 2011. In July 2015 the Federal Reserve System appointed him as one of only five bank executives nationwide to the Federal Reserve System's Secure Payments Steering Committee, which is designing the new Federal Reserve Real-Time Payments System.