Stephen Lange Ranzini is the President & Chairman of University Bank

University Bank

University Bank is a community bank headquartered in Ann Arbor, Michigan which also specializes in Islamic banking and mortgage subservicing for the credit union industry. The bank was originally founded in 1890 as The Newberry Bank, was chartered by the state of Michigan in 1908 and adopted the...

, and the President & CEO of University Bancorp, Inc.

At the age of 23, after graduating as a scholarship student from Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

, Stephen convinced Bank One Corporation

Bank One Corporation

Some of the banks that were merged into these banks include:*Bank One**Security National Bank & Trust **Affiliated Bankshares of Colorado **American Fletcher Corp. **City National Bank and Trust Co...

 to lend to a newly formed corporation of which he was President the monies necessary to buy a bank in a leveraged buyout

Leveraged buyout

A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...

. He then became the youngest bank holding company president in the U.S.A.

Stephen is also the U.S. delegate to the United Nations

United Nations

The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

 global financial services standards setting body, UN CEFACT TBG5

UN CEFACT TBG5

UN/CEFACT TBG5 is the entity responsible for financial services under the United Nations Centre for Trade facilitation and Electronic Business, under the United Nations Economic Commission for Europe ....

, as well as the International Organization for Standardization

International Organization for Standardization

The International Organization for Standardization , widely known as ISO, is an international standard-setting body composed of representatives from various national standards organizations. Founded on February 23, 1947, the organization promulgates worldwide proprietary, industrial and commercial...

 global standards setting body for financial services, ISO/TC 68

ISO/TC 68

ISO/TC 68 is a technical committee formed within the International Organization for Standardization , of Geneva, Switzerland, tasked with developing and maintaining international standards covering the areas of banking, securities, and other financial services...

, and sits on the board of directors of the U.S. financial services standards setting body, ANSI ASC X9.