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The company announced the acquisition of the First National Bank of Eagle River, making it the largest bank headquartered in the Upper Peninsula with $900 million in assets. [8] The company completed its acquisition of First Federal of Northern Michigan Bancorp Inc. for $41.6 million in 2018. [9]
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In 2023, DFCU Financial expanded to Florida with the acquisition of First Citrus Bank and its six branches in the Tampa and St. Petersburg areas. [16] DFCU continued its Florida expansion in 2024 with the acquisition of branches from MidWestOne in Naples and Fort Myers.
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The bank traces its roots to First National Bank of Ionia, which was founded in 1864. In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia. in 1952, changed name to First Security Band. In 1974, Independent Bank Corporation was established as the bank holding company. [3]
Genisys Credit Union is a credit union based in Auburn Hills, Michigan. [2] Genisys Credit Union is the 5th largest credit union in Michigan with over 210,000 members and assets of 2.6 billion as of October 31, 2018. [3] They operate 28 branch locations in Michigan, 3 in Minnesota and 1 in Pennsylvania.
University Bank is a community bank headquartered in Ann Arbor, Michigan. The bank was founded in 1890 in Newberry, Michigan, as The Newberry Bank and renamed The Newberry State Bank on May 3, 1908. In 1995, the bank sold its assets, adopted its current name, and moved to Ann Arbor. Its headquarters are in the Leander J. Hoover Mansion. [3]