Community Unity Bank has Completed its $28.6 Million Initial Offering of Common Stock

On November 13, 2023, Community Unity Bank (the “Bank” or “CUB”) completed its initial common stock offering raising $28.6 million in gross proceeds. The offering size exceeded the $25 million minimum capital raise under the terms of the offering. CUB, located at 34040 Woodward Ave, Birmingham, MI 48009, received its banking charter from the Michigan Department of Insurance and Financial Services on June 26, 2023 after raising the necessary capital and satisfying other pre-opening requirements. The Bank officially opened its doors on October 18, 2023.

Andy Meisner, Founder, President, and CEO noted, “In some ways, the capital raise for a de novo bank is like climbing a mountain. The entire team at DPP were extraordinary partners in this challenging mission. Their work ethic, resilience and loyalty helped us to reach the peak and achieve success despite turbulent market conditions. On behalf of the CUB team, we offer DPP our sincerest gratitude."

Meisner is the former Treasurer of Oakland County and a former state representative. The CUB team consists of Chief Financial Officer Tim Blazejewski, Chief Credit Officer Maria Dubiel, Chief Lending Officer Mikey Hale and Senior VP of Retail Lee Davey, among others, who help make up a diverse staff of experienced bankers with ties to the local community. CUB’s 11-member board is chaired by local businessman, Ronald Klein, with Alexis Dishman chairing the Loan Committee and industry veteran Jeffrey Kopelman chairing ALCO.