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The Chicago-area company has shown a willingness to pursue small branch deals and expand in nearby Wisconsin as it looks for liquidity and lending opportunities.
April 16 -
Wintrust Financial in Rosemont, Ill., reported third-quarter earnings of $40.2 million, as increases in interest and fee income were partially offset by heavier expenses.
October 16 -
Tom Ormseth has built a competitive strategy around digital banking, driving Wintrust to be an early adopter of innovative new features.
June 7
Wintrust Financial in Rosemont, Ill., has filed plans for a potential offering of perpetual preferred stock.
The $20.4 billion-asset company said in a
The shares have a liquidation preference of $25 per share. Wintrust did not disclose an estimate of proceeds from the offering.
Wintrust plans to use the proceeds for general corporate purposes, including investments at the holding company level, providing capital for company growth, mergers and acquisitions, including Federal Deposit Insurance Corp.-assisted acquisitions and reducing or refinancing existing debt.
Incapital and U.S. Bancorp Investments are joint book-running managers on the offering. Sidley Austin is legal counsel to Wintrust.
