Schiff Hardin advised Wintrust Financial Corporation (Nasdaq: WTFC) on the signing of a definitive agreement to acquire STC Bancshares Corp., the parent company of STC Capital Bank, which operates five banking offices located in the communities of St. Charles, Geneva, and South Elgin, Ill. The merger agreement was entered into on June 5, 2019, and is expected to close in the third quarter of 2019.
In addition, Schiff Hardin advised Wintrust on the successful completion of its acquisition of Rush-Oak Corporation, the parent company of Oak Bank. The transaction closed May 24. Oak Bank operates a banking location in the Gold Coast neighborhood of Chicago, Ill.
Wintrust, headquartered in Rosemont, Ill., is a financial holding company with assets of approximately $32 billion whose common stock is traded on the NASDAQ Global Select Market. Schiff Hardin is proud to have represented Wintrust as M&A counsel since 2001. The deal team for both transactions included Matt Galo, Nick Tipsord, and Rebecka Manis, with Kaitlin Riley Duran and Emma Gormley (Real Estate), David Loring (Environmental), Olga Bogush (Tax), and Kevin Meil (Benefits).