Category Archives : Shareholder Meeting

United Bank and Trust- Some Questions Answered

After the Annual Meeting, I spoke to Randy Rabe, the CFO of the bank for about one half hour.  I appreciate the way he makes himself available at the meetings to answer my questions.  The following are the questions I remember asking him and the answers.  By the way, he mentioned that people should feel […]

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United Bank and Trust- Thoughts about Annual Meeting

Here are the major happenings at United Bank and Trust's annual meeting: The meeting did not seem as well attended as in prior years.  I don't know if that was because of prior commitments or something else. There was very little prepared for shareholders by management.  Outside of the official vote counting on the proposals, […]

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United Bank and Trust- Other Comments

I have a few other thoughts to contribute prior to the meeting on Tuesday.  I hope these are in time for people to consider. Shareholder voting on Proposals If you read the first part of the voting instructions, according to the bylaws, any proxies not voted, the board of directors will vote these proxies, and […]

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United Bank and Trust- 2011 Income Statement

Very Quick Income Statement Analysis The Annual Meeting will quickly be upon us and I wanted to throw out some more opinions and Analysis about the 2011 annual report.  Today, I'll talk about the Income Statement. One measure that the bank wants us to focus on is "Core Earnings".  They also call this "PTPP Earnings" […]

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UBMI- Annual Report Posted

A few weeks ago, UBMI posted its annual report and proxy statement on the web for all to see.  This is where I always go to look for the latest info, since it takes time to print and mail the report out to shareholders.  Click on this link to get the UBT 2011 Annual Report […]

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United Bank and Trust- 2011 Shareholder Meeting Update

Last week, United Bank and Trust held its 2011 Shareholder Meeting.  Unfortunately, I was unable to attend, but today I listened to the recording from the bank's website. I could have misinterpreted some things since I was not in attendance, but here is my overall sense of the discussion and some of the comments that […]

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United Bank and Trust- 2010 Financial Analysis

This is the last analysis before the meeting tomorrow.  I apologize that it's so late.  I also apologize that I will probably not be able to attend the meeting tomorrow. Having said that, here is the analysis that I wish I could upload so that you could all have it before tomorrow.  Instead I made […]

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United Bank and Trust- 2011 Shareholder Meeting

As most of you probably already know, United Bank and Trust will host its annual shareholder meeting as follows: Date:  April 26, 2011 Time:  4:30 PM EDT Location:  Downing Center Office, 209 E. Russell Road, Tecumseh, MI 49286 I encourage anyone interested to attend and ask questions or give the management your input. My opinion […]

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United Bank and Trust- 2011 Shareholder Proposals

The 2011 Proxy Statement included an opportunity to vote on four shareholder proposals.  The first three involve Board of Directors and Executive matters, and the fourth involves renewing the contract of the current auditors.  Here are my thoughts: Proposal 1- Election of Directors to another Term I've been critical of management for losing $70M in […]

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