Michigan Credit Union strikes another deal for a Florida bank
Its acquisition of First Citrus Bank last year apparently increased DFCU Financial’s appetite for bulking up in Florida through bank acquisitions.
DFCU Financial is doubling down on Florida.
The Dearborn, Michigan-based credit union announced its second recent whole bank acquisition in the Sunshine State Friday with the purchase of Winter Park National Bank in Winter Park, Florida.
Financial terms of the deal were not disclosed.
The $6.6 billion-asset credit union closed on its deal for the $689 million-asset First Citrus Bank in Tampa in early 2023.
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