CEO Advisory Group
CEO Advisory Group is Lead Financial Advisor to Dort Financial CU in its Proposed Acquisition of Flagler Bank
Dort Financial Credit Union, headquartered in Grand Blanc, Michigan, entered into a definitive agreement to acquire West Palm Beach, Florida based Flagler Bank.
The transaction would grow Dort Financial Credit Union’s assets to nearly $2 billion. Founded in 1951, Dort Financial Credit Union, serves more than 103,000 members, with assets of $1.4 billion and ten locations in Michigan.
Flagler Bank is headquartered in West Palm Beach and is the 54th largest bank in the state of Florida. It was established in 2000 and as of September 30, 2022, it had grown to $489.3 million in assets with 44 employees at 4 offices locations in Florida.
Upon completion of the transaction, Flagler will operate as “Flagler Credit Union, a Division of Dort Financial Credit Union”.
CEO Advisory Group is serving as the lead financial advisor to Dort Financial Credit Union in this transaction.
Transaction Announcement (PDF)
