Banking & Savings M&A » By The Online Investor Staff, updated Fri., Apr. 26, 9:10 PM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #14. Wintrust Financial Corporation — 100% of the shares of each of Policy Billing Services Inc. and Equity Premium Finance Inc.
Acquirer:
Wintrust Financial Corporation (NASDAQ:WTFC)
Acquiree:
100% of the shares of each of Policy Billing Services Inc. and Equity Premium Finance Inc.
Details:
Wintrust Financial Corporation (Wintrust) (Nasdaq:WTFC) today announced the acquisition of 100% of the shares of each of Policy Billing Services Inc. and Equity Premium Finance Inc., two affiliated Canadian insurance premium funding and payment services companies. Wintrust conducted the acquisition through its subsidiary, First Insurance Funding of Canada Inc. The acquisition allows Wintrust to expand its Canadian premium finance business and product offerings.
Wintrust Financial is a financial holding company. Co. conducts its businesses through three primary segments: community banking, specialty finance and wealth management. Through its community banking segment, Co.'s banking subsidiaries (collectively, the banks) provide community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area, southern Wisconsin and northwest Indiana (Co.'s market area). Through its specialty finance segment, Co. provides financing of insurance premiums for businesses and individuals; accounts receivable financing, out-sourced administrative services; and other finance businesses.
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Avg. Broker Rec.
 
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Strong Buy (3.85 out of 4) 73rd percentile
(ranked higher than approx. 73% of all stocks covered)
Analysts' Target Price: WTFC Stock Forecast Based on Zacks ABR data; powered by Xignite |
