DCFU Financial in Dearborn, Mich., has agreed to buy Winter Park National Bank in Winter Park, Fla.
The $7 billion-asset credit union said in a press released that Winter Park would be its third acquisition in Florida. The price wasn’t disclosed.
“We are thrilled to announce this acquisition and deepen our commitment to serving the communities in Florida,” Ryan Goldberg, the credit union’s president and CEO, said in the release. “Winter Park has been a cornerstone of the central Florida financial community, and we look forward to building on their legacy by offering our comprehensive, member-centric approach to banking.”
David Dotherow, Winter Park’s CEO, will serve as DFCU Financial’s central Florida area president.
DFCU Financial was advised by Donnelly Penman & Partners and Honigman. The bank was advised by Hovde Group and Smith Mackinnon.