M&A Deal Summary

DFCU Financial Acquires Winter Park National Bank

On November 8, 2024, DFCU Financial acquired financial services company Winter Park National Bank

Acquisition Highlights
  • This is DFCU Financial’s 2nd transaction in the Financial Services sector.
  • This is DFCU Financial’s 2nd transaction in the United States.
  • This is DFCU Financial’s 2nd transaction in Florida.

M&A Deal Summary
Date 2024-11-08
Target Winter Park National Bank
Sector Financial Services
Buyer(s) DFCU Financial
Deal Type Add-on Acquisition
Advisor(s) Hovde Group LLC (Financial)
Smith Mackinnon (Legal)

Target

Winter Park National Bank

Winter Park, Florida, United States
Winter Park National Bank provide financial products and services to small and medium-sized businesses, their owners, and employees. Winter Park National Bank was founded in 2017 and is based in Winter Park, Florida.

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Buyer(S) 1

Buyer

DFCU Financial

Dearborn, Michigan, United States
Category Company
Founded 1950
Sector Financial Services
DESCRIPTION

DFCU Financial is a credit union with approximately $6.3 billion in assets, approximately $850 million in net worth, and more than 240,000 members. DFCU Financial was formed in 1950 and is based in Dearborn, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-23 MidWestOne Bank s Naples and Fort Myers Banking Operations

Naples, Florida, United States

MidWestOne Bank's Naples and Fort Myers Banking Operations provides financial services to clients in Florida.

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Product

Company

Legal