DFCU Financial Finalizes Acquisition

DFCU Financial Finalizes Acquisition
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 our 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.
 

 

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While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2007, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $10,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA, and that it be open when Cash Back is deposited. Cash Back to Commercial / Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.