DFCU Financial Announces Intent to Acquire Winter Park National Bank, Expanding Florida Footprint
DEARBORN, Mich. and WINTER PARK, Fla., Nov. 08, 2024 (GLOBE NEWSWIRE) — DFCU Financial, one of Michigan’s largest credit unions, is pleased to announce its intention to acquire Winter Park. National Bank (WPNB), a well-established financial institution based in Winter Park, FL. This acquisition marks DFCU Financial’s third business in the state of Florida, continuing its commitment to providing comprehensive financial services and a superior member experience throughout the region.
Winter Park National Bank, founded in 2017, serves the Winter Park-Orlando-Kissimmee area with a strong reputation for customer service and personalized banking solutions. The acquisition of WPNB will complement DFCU Financial’s existing presence in Florida, which already includes branches in Tampa, St. Petersburg, and Ft. Myers. The combined entity will allow DFCU Financial to expand its offerings to a broader membership, providing the same products, services, and benefits that have made it a trusted name in Michigan and beyond.
DFCU Financial, founded in 1950, has been expanding its membership and financial services over the years. With a commitment to innovation and member satisfaction, DFCU offers a wide range of services including business and personal banking, loan products, and wealth management solutions. The credit union is well known for its member-driven value and competitive advantages such as its Cash Back program, favorable loan rates, and transparent banking.
“We are pleased to announce this acquisition and deepen our commitment to serving the Florida community,” 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 by offering our comprehensive approach to banking members.”
David Dotherow, CEO of Winter Park, commented, “We are excited to be a member of the DFCU Financial family as it expands into Central Florida. DFCU’s commitment to customers, employees and community aligns well with values of our Winter Park National Bank. With DFCU’s strong offerings and our white glove customer service, together we look forward to strengthening our customer relationships and reaching new customers throughout the region. DFCU support for storage local leadership and the team ensures that we will continue to grow and serve Central Florida with excellence.”
As part of the acquisition, DFCU Financial named David Dotherow Central Florida Area President, and he will retain leadership responsibilities for WPNB’s primary operations. DFCU will also retain WPNB branch locations while upgrading its infrastructure, ensuring a seamless transition for all customers. Orlando’s Winter Park branches will be renamed DFCU Financial, with plans to consolidate services by 2025.
#DFCU #Financial #Announces #Intent #Acquire #Winter #Park #National #Bank #Expanding #Florida #Footprint