On December 12, 2022, Dort Financial Credit Union, Grand Blanc, Michigan, entered into a definitive agreement to acquire Flagler Bank, West Palm Beach, Florida.

Dort Financial Credit Union serves more than 103,000 members, with assets over $1.4 billion and ten locations in Michigan.

Flagler Bank has approximately $490 million in assets and currently operates four branch offices in Palm Beach County, Florida.

Luse Gorman is serving as legal counsel to Dort Financial Credit Union in the transaction. The Luse Gorman team consists of Jeffrey Cardone, Michael Brown, Max Seltzer and Ellie Cook.

Luse Gorman has acted as counsel on more than 100 bank and credit union M&A transactions during the past seven years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.