DFCU Financial, one of Michigan’s largest and most trusted credit unions, has announced plans to acquire Winter Park National Bank (WPNB), a highly regarded financial institution in Winter Park, FL. This acquisition will mark DFCU Financial’s third expansion in Florida, reinforcing its commitment to delivering comprehensive financial services and member-first experiences in the region.
Founded in 2017, Winter Park National Bank serves the Winter Park-Orlando-Kissimmee area and has built a reputation for excellent customer service and tailored banking solutions. The acquisition will enhance DFCU Financial’s established Florida presence, which includes branches in Tampa, St. Petersburg, Naples, and Ft. Myers. This combined footprint allows DFCU to offer its market-leading products, services, and member benefits to a larger community, bringing its renowned Michigan banking experience to Central Florida.
Established in 1950, DFCU Financial has consistently expanded its membership and service offerings, including personal and business banking, loans, and wealth management solutions. Known for its member-driven values, DFCU distinguishes itself with features like the Cash Back program, competitive loan rates, and a commitment to transparent banking.
“We are thrilled to announce this acquisition and deepen our commitment to the communities in Florida,” said Ryan Goldberg, President and CEO of DFCU Financial. “Winter Park has been a cornerstone of Central Florida’s financial community, and we look forward to building on their legacy with our member-focused approach.”
David Dotherow, CEO of Winter Park, added, “Joining the DFCU Financial family is an exciting next step. DFCU’s dedication to clients, employees, and communities aligns perfectly with our values at Winter Park National Bank. Together, we’ll strengthen client relationships and broaden our reach across Central Florida. DFCU’s support, along with the retention of our local team, will allow us to continue serving the community with excellence.”
As part of this acquisition, DFCU Financial has named David Dotherow as Central Florida Area President, where he will oversee former WPNB operations. WPNB’s branches will retain their local leadership while being integrated under the DFCU Financial name by 2025, ensuring a seamless transition for customers.
The acquisition is currently pending regulatory approval, with both institutions working closely to meet necessary requirements. DFCU Financial is advised by Donnelly Penman & Partners, Inc., and Honigman LLP, while WPNB is advised by Hovde Group, LLC, and Smith Mackinnon, PA.
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