DEARBORN, MI and WINTER PARK, Fla., Nov. 08, 2024 (GLOBE NEWSWIRE) — DFCU Financial, one of the largest and most trusted credit unions in Michigan, is pleased to announce its intent to acquire Winter Park National Bank (WPNB), an established financial institution headquartered in Winter Park. , Florida. This acquisition represents DFCU Financial’s third transaction within the state of Florida, strengthening its commitment to providing comprehensive financial services and superior member experiences throughout the region.
Winter Park National Bank, founded in 2017, serves the Winter Park-Orlando-Kissimmee area and has 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, Naples and Ft. Myers. The combined entity will allow DFCU Financial to expand its offerings to a broader member base, offering the same market-leading products, services and benefits that have made it a trusted name in Michigan and beyond.
DFCU Financial, founded in 1950, has continually grown its membership and financial services offerings over the years. With a commitment to innovation and member satisfaction, DFCU provides a range of services including business and personal banking, loan products and wealth management solutions. The credit union is particularly known for its member-driven values and competitive advantages such as a cash back program, favorable loan rates, and transparent banking.
“We are pleased to announce this acquisition and deepen our commitment to serving Florida communities,” 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, member-focused approach to banking.”
“We are excited to join the DFCU Financial family as they expand into Central Florida,” commented David Duthro, CEO of Winter Park National Bank. “DFCU’s commitment to customers, employees and communities aligns perfectly with our values at Winter Park National Bank. Through DFCU’s strong offerings and service Our Outstanding Clients Together we look forward to strengthening our client relationships and reaching new clients throughout the region. DFCU’s support in maintaining our leadership and local team ensures that we will continue to grow and serve Central Florida with distinction.
As part of the acquisition, DFCU Financial has named David Duthrow president of the Central Florida region, and he will retain leadership responsibilities for the former WPNB operations. DFCU will also retain WPNB branch locations while enhancing its infrastructure, ensuring a seamless transition for all customers. The Winter Park branches in Orlando will be rebranded as DFCU Financial, with plans to consolidate services in 2025.