Wintrust Financial

Wintrust Financial Corporation
Public
Traded as NYSE: WTFC
Industry Financial services
Founded 1991
Lake Forest, Illinois
Headquarters Rosemont, Illinois
Key people
 Ed Wehmer CEO
Revenue $ 813 million (2014)
Increase $151 million (2014)
Total assets $ 20.01 billion (2014)
Website wintrust.com

Wintrust is a financial holding company that operates 15 chartered community banks[1] in northern Illinois and southern Wisconsin. Wintrust trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest local banking company in Chicago.[2]

The Company provides traditional retail and commercial banking services, as well as wealth management services, commercial insurance premium financing, life insurance premium financing, and certain treasury management services such as data processing of payrolls and billings.[3] In 2015 Wintrust began to expand into equipment financing, both directly through its banking subsidiaries and indirectly through dealers.[4]

The company is the official banking partner of the Chicago Cubs and also partners with the Chicago White Sox. It is best known for the giant sign atop the JumboTron at Wrigley Field;[5] [6] the "W" in Wintrust flashes after every Cubs win.

Wintrust was among the recipients of capital from the United States government through the U.S. Treasury's Troubled Asset Relief Program.[2][7] The bank used the 2008 financial crisis to acquire small troubled banks in the Chicago area, backed by its pre-crisis capital supplemented by TARP funds. This positioned it to become one of the areas largest retail banks by eliminating costs and deepening its geographical footprint in the area.[8]

Wintrust Financial continues to expand within the area.[8][9][10][11]

The 15 chartered bank subsidiaries and their respective community banks are:

Its major non-bank subsidiaries are:

References

  1. ↑ Macheel, Tanaya (June 7, 2015). "Wintrust Endeavors to Beat the Big Banks in Mobile". American Banker.
  2. 1 2 Yerak, Becky (October 3, 2011). "Wintrust Bank's Wehmer runs Chicago's second-biggest local bank, adviser to U.S. senator". Chicago Tribune.
  3. ↑ "Wintrust: Who We Are". Wintrust Financial.
  4. ↑ Neuffer, Phil (March 2016). "Explosive Success, Disciplined Approach: Wintrust's Swift Ascension". Monitor Daily.
  5. ↑ "Wintrust Logo To Adorn Wrigley Field Video Board". Crain's Chicago Business. 2014-12-03.
  6. ↑ "White Sox Sell Naming Rights To Stadium Club Seats". Crain's Chicago Business. 2014-02-05.
  7. ↑ DEALBOOK (December 22, 2010). "Six More Banks Repay TARP Funds". The New York Times.
  8. 1 2 Zacks Investment Research (24 February 2016). "Wintrust (WTFC) to Acquire North Bank in Illinois for $17M". Zacks Investment Research.
  9. ↑ Lane, Ben (April 2, 2015). "Wintrust continues Chicago-area expansion". HousingWire.
  10. ↑ Pete, Joseph S. (July 20, 2015). "Wintrust completes buyout of another suburban Chicago bank". Northwest Indiana Times.
  11. ↑ David, Schuyler (January 19, 2016). "Wintrust continues Wisconsin expansion with deal for Pewaukee's Foundations Bank". Milwaukee Business Journal.
  12. ↑

Official sites

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