DFCU Financial completes First Citrus Bank acquisition
DEARBORN, MI (January 3, 2023) — DFCU Financial and First Citrus Bank have closed on their previously announced business combination and are now branded as DFCU Financial. This transaction creates a stronger and more comprehensive financial institution for its members.
“We are enthusiastic about this partnership and are committed to providing the exceptional level of service and support that our Florida and Michigan members have come to expect from both entities,” said Ryan Goldberg, President & Chief Executive Officer at DFCU Financial. “Together, we will offer our Florida members an enhanced banking experience with expanded product offerings, like mortgages, consumer loans, and investment services.”
Within Florida, DFCU Financial will primarily serve people who live, work, worship or attend school in and around Tampa, in Hillsborough, Pinellas, Pasco, Polk, Manatee, and Sarasota counties. All legacy First Citrus Bank account holders will be members of DFCU Financial, and services will continue uninterrupted at all six offices. DFCU’s full product and service offerings will be available at all locations after a full systems integration in mid-2023.
At DFCU Financial, former First Citrus Bank President & Chief Executive Officer John M. Barrett has been named Florida Market President and Chief Commercial Services Officer. In this leadership role, Barrett will grow the Florida market and lend his extensive business banking expertise to direct commercial banking in Florida and Michigan.
“Our combined full suite of products and services parlays well into helping Michigan and Florida families become more financially secure and businesses economically successful,” said Barrett.
About DFCU Financial
|DFCU Financial has issued a Cash Back reward to its membership every year since 2006. A strong community partner, DFCU Financial continually reinvests in its membership with new branches and financial literacy education for all ages. DFCU Financial currently operates 25 full-service branches in Detroit, Ann Arbor, Grand Rapids and Lansing. For more information, call 888.336.2700 or visit dfcufinancial.com.