Bailout Bank Bio: Wintrust Financial

Dec 9, 2008 | 2 min read | Print Article

Wintrust Financial Corporation is a financial holding company that controls 15 subsidiaries that serve customers in the greater Chicago, Illinois and southern Wisconsin metropolitan areas. Wintrust Financial is based in Lake Forest, Illinois. Wintrust received preliminary approval from the Treasury Department in late November to participate in the Capital Purchase program. This will involve Wintrust selling $250 million in nonvoting senior preferred stock to the Treasury Department. In its release, Wintrust stated that it “intends to use the proceeds from this sale for general corporate purposes, which include additional capital to grow lending operations and to position Wintrust for additional market opportunities.”

Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: Wintrust Financial


Federal Equity Investment	$250 million
Total Revenue	$691.7 million (2007) $617.5 million (2008)
Net Income	$55.7 million (2007) $20.5 million (2008)
Number of Employees	1964
Corporate Headquarters	Lake Forest, Illinois
Business Sector	Financial
Officers and Directors	Peter D. Crist, Chairman of the Board Edward J. Wehmer, President, Chief Executive Officer, Director David L. Stoehr, Chief Financial Officer, Executive Vice President David A. Dykstra, Chief Operating Officer, Senior Executive Vice President, Treasurer, Secretary
Corporate Website	http://www.wintrust.com
Executive Compensation	Wintrust Financial