Michigan credit union to acquire Tampa-based bank

First Citrus Bank will become part of DFCU Financial, which has $6.4 billion in assets and is entering the Florida market for the first time.

  • By Business Observer Staff
  • | 11:10 a.m. May 12, 2022
First Citrus Bank President and CEO Jack Barrett. (File photo)
First Citrus Bank President and CEO Jack Barrett. (File photo)
  • Tampa Bay-Lakeland
  • Share

First Citrus Bank, a Tampa-based community bank that has $689 million in assets, $398 million in loans and $622 million in deposits, has agreed to merge with Dearborn, Michigan-based DFCU Financial, a credit union founded in 1950 by Ford Motor Co. employees.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 31, 2026
South Seas buys 22-acre artist retreat on Captiva
  • March 31, 2026
Pizzeria closes on Main Street in Sarasota
  • March 31, 2026
Naples man faces decades in prison for cheating elderly woman
  • March 31, 2026
Southwest Florida construction firm opens Tampa office

Sponsored Content