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DLP Bancshares Backs Sunnyside Bancorp
DLP Bancshares, an affiliate of
DLP Real Estate Capital, a private financial services and real estate investment firm, has acquired
Sunnyside Bancorp and its subsidiary,
Sunnyside Federal Savings and Loan Association of Irvington.
Upon closing,
Fred Reinhardt will take the reins as president and CEO of Sunnyside Federal. Sunnyside Federal will continue to operate as a community bank. Sunnyside Federal also expects to offer commercial real estate financing to professional operators and warehouse loans to private lending originators on a national basis.
Don Wenner, DLP Real Estate Capital Founder and CEO, commented, “Acquiring a bank is a natural segue to broadening and enhancing the offering of products and services to our current and future DLP family of investors, partners, and customers. Sunnyside’s focus on supporting the community with personal and business banking needs is a perfect fit with DLP’s mission to create pro