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Michigan credit union to acquire Florida bank in year’s 13th such tie-up

December 15, 2022


By acquiring Flagler’s four branches and $489 million in assets, Dort will push its own asset total (now hovering around $1.4 billion) to the brink of $2 billion.

The deal is hardly unique, though, in linking institutions in Michigan and Florida. Dearborn, Michigan-based DFCU Financial said in May it would acquire Tampa, Florida-based First Citrus Bank, in a deal that was set to close this quarter. Additionally, Grand Rapids, Michigan-based Lake Michigan Credit Union bought Tampa-based Pilot Bank in an estimated $100 million deal announced in June 2021.

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