Bank holding company DLP Bancshares announced that its commercial bank based in Starke: Community State Bank, will be renamed DLP Bank on November 13. In a news release, the company said the bank has $250 million in assets and is owned by a consortium of private investors, including Don Wenner, CEO of the real estate investment and financial services firm DLP Capital.
“Since our investment, DLP Bank has experienced solid, measured growth,” said Wenner in the release. “We have an extremely talented and experienced board of directors that is helping to guide the bank toward a new era of service and profitability. Their experience, plus DLP Bancshares’ capital infusion, allows for new technologies, products, and services. We look forward to continued growth, especially in loan origination, as we service area homeowners and commercial businesses.”
DLP Bancshares said it acquired the Starke-based bank in late 2022 and made significant capital contributions that have fueled its growth. “This capital has allowed the bank to increase lending limits, support balance sheet objectives, and enhance the range of customer services and technologies,” the company said. “The newly renamed DLP Bank expects to expand its geographic reach to include commercial clients throughout the Southeast while remaining an important resource to local communities, having been founded in Florida in 1957.”
