8-K/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K/A


                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date
         of Report (Date of earliest event reported) March 31, 2005



                         Commission file number 0-16023


                            UNIVERSITY BANCORP, INC.
             (Exact name of registrant as specified in its charter)


         Delaware                                             38-2929531
- ------------------------------------                 ---------------------------
(State or other jurisdiction of     (I.R.S. Employer incorporation)
         Identification No.

959 Maiden Lane, Ann Arbor, Michigan                    48105
- ------------------------------------                 ---------
(Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code (734) 741-5858
                                                   --------------
                                   Page 1 of 3




Item 4.01       Change in Registrant's Certifying Accountants

(a)  Effective  May  12,  2005,  University  Bancorp,  Inc.  (the  "Registrant")
dismissed Grant Thornton LLP ("Grant  Thornton") as its  independent  registered
public  accounting  firm.  The  dismissal of Grant  Thornton was approved by the
Registrant's Audit Committee on May 12, 2005.

The audit reports of Grant Thornton LLP on the consolidated financial statements
of the  Registrant as of and for the years ended December 31, 2004 and 2003, and
Grant  Thornton's  report on  management's  assessment of internal  control over
financial  reporting as of December 31, 2004 and the  effectiveness  of internal
control over  financial  reporting  as of December 31, 2004,  did not contain an
adverse opinion or a disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope, or accounting principles.

During the two most recent  calendar years ended December 31, 2004 and 2003, and
from December 31, 2004 through the effective date of Grant Thornton's  dismissal
(the "Relevant Period"), there have been no disagreements between the Registrant
and  Grant  Thornton  on any  matters  of  accounting  principle  or  practices,
financial  statement   disclosure,   or  auditing  scope  or  procedure,   which
disagreements,  if not resolved to their  satisfaction,  would have caused Grant
Thornton  to make  reference  to the  subject  matter of such  disagreements  in
connection with its reports.  Also,  during the Relevant  Period,  there were no
reportable  events as described in Item  304(a)(1)(v)  ("Reportable  Events") of
Regulation  S-K  issued  by  the  Securities   and  Exchange   Commission   (the
"Commission").

The  Registrant  has  provided  Grant  Thornton  with  a copy  of the  foregoing
disclosures  and has requested,  pursuant to the rules of the  Commission,  that
Grant Thornton  provide the Registrant with a letter addressed to the Commission
stating  whether Grant  Thornton  agrees with the  statements  set forth in this
subsection (a) and, if not, stating the respects in which it does not agree. The
Registrant  has provided a copy of the foregoing  statements to Grant  Thornton.
Attached as Exhibit 4.01 is a copy of Grant Thornton's  letter to the Securities
and Exchange Commission, dated May 17, 2005.


(b) Effective May 12, 2005,  the Registrant  engaged UHY LLP as its  independent
registered public accounting firm to audit the Registrant's financial statements
for its current fiscal year,  subject to  satisfactory  completion by UHY LLP of
its  standard  client  acceptance  procedures.  The  engagement  of UHY  LLP was
approved by the Registrant's Audit Committee on May 12, 2005.

During the Relevant  Period,  neither the  Registrant  nor (to the  Registrant's
knowledge)  anyone  acting on behalf of the  Registrant  consulted  with UHY LLP
regarding  either (i) the  application  of accounting  principles to a specified
transaction (either completed or proposed),  (ii) the type of audit opinion that
might be  rendered  on the  Registrant's  financial  statements,  or  (iii)  any
Reportable Event.


                                       2






                           Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


- -
                                           University Bancorp, Inc.
Date:  May 25, 2005                        /s/ Stephen Lange Ranzini
                                            --------------------------------
                                           Stephen Lange Ranzini

                                       3

EX-16

Grant Thornton LLP
Accountants and Management Consultants
Member of Grant Thornton International







May 17, 2005


U.S. Securities and Exchange Commission Office of the Chief Accountant
450 Fifth Street, NW
Washington, DC 20549

Re:    University Bancorp, Inc.
       File No. 0-16023



Dear Sir or Madam:

We have read Item 4.01 of Form 8-K of University Bancorp, Inc. dated May 16,
2005, and agree with the statements concerning our Firm contained therein.


Very truly yours,

/S/ GRANT THORNTON LLP




American Center Building
27777 Franklin Road, Suite 800
Southfield, Michigan 48034
T: 248 262-1950
W: www.grantthornton.com