Schiff Hardin advised Wintrust Financial Corporation (Nasdaq: WTFC) on the successful completion of its acquisition of Chicago Shore Corporation, the parent company of Delaware Place Bank. The transaction closed on August 1. Delaware Place Bank operates a banking location in the Gold Coast/Streeterville neighborhood of Chicago, Ill. Following the transaction, it will operate as a branch of Wintrust Bank. For more information about the transaction, please click here.
In addition, Schiff Hardin advised Wintrust on its signing of a definitive agreement to acquire certain assets and assume certain liabilities of American Enterprise Bank, which is headquartered in Buffalo Grove, Ill., with additional branch offices located in Highland Park and Schaumburg. The definitive agreement was entered into on July 31, and is expected to close late in the fourth quarter of 2018. For more information about the transaction, please click here.
Wintrust, headquartered in Rosemont, Ill., is a financial holding company with assets of approximately $29 billion whose common stock is traded on the NASDAQ Global Select Market. Schiff Hardin is proud to represent Wintrust as M&A counsel since 2001. The deal team for both transactions included Matt Galo, Nick Tipsord and Lucia Lorenz, with Kwaku Osebreh, David Sattelberger (Real Estate), David Loring (Environmental) and Kevin Meil (Benefits).