Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. It trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest local banking company in Chicago.
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. In 2015 Wintrust began to expand into equipment financing, both directly through its banking subsidiaries and indirectly through dealers.
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; 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. 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 the area.
The 15 chartered bank subsidiaries and their respective community banks are:
- Barrington Bank & Trust Company, N.A.
- Hanover Park Community Bank
- Hoffman Estates Community Bank
- Palatine Bank & Trust
- Beverly Bank & Trust Company, N.A.
- First National Bank of Evergreen Park
- Hyde Park Bank
- Oak Lawn Bank & Trust
- Pullman Bank & Trust
- Crystal Lake Bank & Trust Company, N.A.
- Algonquin Bank & Trust
- Cary Bank & Trust
- McHenry Bank & Trust
- Hinsdale Bank & Trust Company
- Clarendon Hills Bank
- Community Bank of Downers Grove
- The Community Bank of Western Springs
- Community Bank of Willowbrook
- Elmhurst Bank & Trust
- Proviso Community Bank
- Riverside Bank
- Lake Forest Bank & Trust Company
- Bank of Highwood-Fort Sheridan
- Highland Park Bank & Trust
- North Chicago Community Bank
- Libertyville Bank & Trust Company
- Gurnee Community Bank
- Mundelein Community Bank
- Vernon Hills Bank & Trust
- Wauconda Community Bank
- Northbrook Bank & Trust Company
- Buffalo Grove Bank & Trust
- Deerfield Bank & Trust
- Glenview Bank & Trust
- Northview Bank & Trust
- Old Plank Trail Community Bank, N.A. (New Lenox)
- Dyer Bank & Trust
- First National Bank of Illinois
- Joliet Bank & Trust
- Orland Park Bank & Trust
- Plainfield Bank & Trust
- Shorewood Bank & Trust
- South Holland Bank & Trust
- St. Charles Bank & Trust Company
- Aurora Bank & Trust
- Elgin State Bank
- Geneva Bank & Trust
- Schaumburg Bank & Trust Company, N.A.
- Bloomingdale Bank & Trust
- Elk Grove Village Bank & Trust
- Roselle Bank & Trust
- Wood Dale Bank & Trust
- State Bank of the Lakes
- Town Bank
- Village Bank & Trust
- Wheaton Bank & Trust Company
- Glen Ellyn Bank & Trust
- Naperville Bank & Trust
- Wintrust Bank
- North Shore Community Bank & Trust
Its major non-bank subsidiaries are:
- Advanced Investment Partners, LLC
- The Chicago Trust Company
- First Insurance Funding Corporation
- Tricom, Inc.
- Wayne Hummer Investments, LLC
- Wintrust Information Technology Services Company
- Wintrust Mortgage - a division of Barrington Bank & Trust Company N.A.
Video Wintrust Financial
References
Maps Wintrust Financial
External links
Official website
Source of the article : Wikipedia
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