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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 -
A funding option reopens to smaller banks.
May 27
Wintrust Financial (WTFC) of Rosemont, Ill.,
The $18 billion-asset company said in a regulatory filing Monday that it intends to use the proceeds for general purposes that could include investments at the holding company level, providing capital to support growth, acquisitions and reducing or refinancing existing debt.
A prospectus for the issuance did not disclose the amount of debt to be sold.
Wintrust, which operates 15 banks in the Midwest, has recently focused on expanding Town Bank, its
RBC Capital Markets is the book-running manager for the offering.