LYNNWOOD, WA / ACCESSWIRE / December 6, 2024 / U & I Financial Corp. (OTCQX:UNIF), the holding company (the "Company") for UniBank (the "Bank"), today reported amended and restated results for its third quarter with decreases in Gross Loans and Allowance for Credit Losses (ACL) on Loans by $8.7 million each, reflecting loan charge offs against the ACL. These were all commercial equipment loans that had the principal balances fully reserved as of September 30, 2024.
LYNNWOOD, WA / ACCESSWIRE / September 3, 2024 / U & I Financial Corp. (OTCQX:UNIF), the holding company (the "Company") of UniBank (the "Bank"), announced today that the Bank has selected Robert Disotell as Executive Vice President (EVP) and Chief Credit Officer (CCO), and JJ Kim as EVP and Chief Banking Officer, both effective September 1, 2024. Disotell has 21 years of experience as a Chief Credit/Lending Officer in Washington and California.
LYNNWOOD, WA / ACCESSWIRE / July 31, 2024 / U & I Financial Corp. (OTCQX:UNIF), the holding company ("Company") for UniBank ("Bank"), today reported a quarterly Net Loss of $827 thousand or $0.15 loss per share in the second quarter of 2024, compared to $2.4 million of Net Income or $0.44 earnings per share for the same quarter of 2023. Net income decreased by $3.2 million or $0.59 per share, primarily due to an increase in the Provision for Credit Losses of $3.0 million in the second quarter of 2024, compared to no provision during the same period last year.
LYNNWOOD, WA / ACCESSWIRE / July 16, 2024 / U & I Financial Corp. (OTCQX:UNIF), the holding company (the "Company") of UniBank (the "Bank"), announced today that the Board of Directors selected Stephanie Yoon as the permanent Chief Executive Officer (CEO) of the Company and Bank, effective July 16, 2024. She will also join the respective Boards of Directors of the Company and the Bank (collectively "the Boards").