Summary
Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages for sale into the secondary market; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; and other specialty finance services, as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. The company operates 173 banking facilities and 228 ATMs in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.
History
Wintrust was founded by Ed Wehmer. Wintrust was among the recipients of capital from the United States government through the U.S. Treasury's Troubled Asset Relief Program. 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 area's largest retail banks by eliminating costs and deepening its geographical footprint in the area. Wintrust Financial continues to expand within its footprint area.
Mission
Our mission is to be the most respected company in the communities we serve, building life-long relationships through our values of trust, integrity, respect and teamwork.
Vision
We strive to create an exceptional and innovative company for our shareholders, colleagues, and customers. Every individual in Wintrust is an important contributor to our achievements.
Key Team
Mr. David Alan Dykstra (Vice Chairman & COO)
Mr. Richard B. Murphy (Vice Chairman & Chief Lending Officer)
Mr. Tony Buttrick (Exec. VP & Chief Information Officer)
Ms. Norah Larke (Sr. VP & Chief HR Officer)
Mr. Thomas Patrick Zidar (Exec. VP & Market Head of Wealth Management Services)
Ms. Kathleen M. Boege (Exec. VP, Gen. Counsel & Corp. Sec.)
Mr. Guy W. Eisenhuth (Exec. VP & Regional Market Head)
Recognition and Awards
Wintrust Financial has been ranked in the top 10 of American Banker Magazine’s “Best Banks to Work For” every year since the award began in 2011. Wintrust’s commitment to its customers and employees is evident by the awards it has earned in the banking industry.
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