Financial M&A » By The Online Investor Staff, updated Thu., Jun. 30, 2:53 PM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #71. Wintrust Financial Corporation — Branch of THE National Bank
Acquirer:
Wintrust Financial Corporation (NASDAQ:WTFC)
Acquiree:
Branch of THE National Bank
Details:
Wintrust Financial Corporation ("Wintrust") (Nasdaq:WTFC) today announced the signing of a definitive agreement to acquire, through its wholly-owned subsidiary Town Bank, the Pewaukee, Wisconsin branch of THE National Bank. Through this transaction, subject to final adjustments, Town Bank will acquire approximately $40 million of deposits, approximately $90 million of performing loans, the bank facility, property and various other assets.
Wintrust Financial is a financial holding company.Through its community banking segment, Co.'s banking subsidiaries provide community-oriented, personal and commercial banking services. 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. Through its wealth management segment, Co. provides a range of wealth management services including trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services.
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Avg. Broker Rec.
 
|
Strong Buy (3.89 out of 4) 65th percentile
(ranked higher than approx. 65% of all stocks covered)
Analysts' Target Price: WTFC Stock Forecast Based on Zacks ABR data; powered by Xignite |
