Financial Client Expands Business
- Client: Wintrust Mortgage Corporation
- Date: December 2008
- Location: Illinois
Summary:
Schiff Hardin represented Wintrust Mortgage Corporation in its asset acquisition of Professional Mortgage Partners, Inc., a mortgage banking company with ten branches throughout the greater Chicago area, 180 employees and nearly $1.6 billion in loan originations in 2008. The acquisition greatly expands the business of Wintrust Mortgage, now with more than 500 employees combined, 27 retail offices and, based on historical results, nearly $3 billion in annual mortgage originations.
We assembled a transaction team from a range of disciplines - including M&A, Financial Institutions, Tax, Employee Benefits and Intellectual Property - scaled appropriately for the scope of this transaction, to help bring the deal to fruition.
Schiff Hardin has been honored to represent Wintrust Financial Corporation, the parent company of Wintrust Mortgage, since 2001 in connection with its strategic merger and acquisition growth. Our work on behalf of Wintrust began with its acquisition of the investment adviser and broker/dealer Wayne Hummer, and has continued with the acquisitions of numerous community banks throughout the greater Chicago metropolitan area, the original acquisition of Wintrust Mortgage, and other special purpose financial institutions.