DFCU Financial, one of Michigan’s largest and most trusted credit unions, is pleased to announce its intent to acquire Winter Park National Bank (WPNB), a well-established financial institution based in Winter Park, FL. This acquisition marks DFCU Financial’s third transaction within the state of Florida, furthering its commitment to providing comprehensive financial services and superior member experiences across 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, Naples, and Ft. Myers. The combined entity will allow DFCU Financial to expand its offerings to a broader base of members, delivering the same market-leading products, services, and benefits that have made it a trusted name in Michigan and beyond.
DFCU Financial, established in 1950, has consistently grown its membership and financial service offerings over the years. With a commitment to innovation and member satisfaction, DFCU provides an array 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 its Cash Back program, favorable loan rates, and transparent banking.
“We are thrilled to announce this acquisition and deepen our commitment to serving the communities in Florida,” said Ryan Goldberg, President and CEO of DFCU Financial. “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, CEO of Winter Park, commented, “We’re excited to join the DFCU Financial family as they expand into Central Florida. DFCU’s commitment to clients, employees, and communities aligns perfectly with our values at Winter Park National Bank. With DFCU’s robust offerings and our white glove customer service, together we look forward to strengthening relationships with our clients and reaching new customers across the region. DFCU’s support in maintaining our local leadership and team ensures we’ll continue to grow and serve Central Florida with excellence.”
As part of the acquisition, DFCU Financial has named David Dotherow Central Florida Area President, and he will retain leadership responsibilities for the former WPNB operations. DFCU will also retain WPNB’s branch locations while enhancing their infrastructure, ensuring a seamless transition for all customers. Winter Park’s Orlando branches will be rebranded under the DFCU Financial name, with plans to integrate services in 2025.
The acquisition is subject to regulatory approval, and both institutions are working closely to ensure the necessary processes are followed.
DFCU Financial is being advised by the investment banking firm Donnelly Penman & Partners, Inc., and the law firm Honigman LLP. WPNB is being advised by the investment banking firm Hovde Group, LLC, and the law firm Smith Mackinnon, PA.
