Schiff Hardin Advises Wintrust on Three Year-End Acquisitions

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Schiff Hardin Advises Wintrust on Three Year-End Acquisitions

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Schiff Hardin LLP advised Wintrust Financial Corporation (Nasdaq: WTFC) on the recent completion of three bank and financial institution acquisitions. On December 7, Wintrust, through its subsidiary Northbrook Bank & Trust Company, closed its previously announced acquisition of certain assets and assumption of certain liabilities of American Enterprise Bank, which had banking offices located in Buffalo Grove, Highland Park and Schaumburg, Ill. For more information about the transaction, please click here.

On December 14, Wintrust completed its acquisition of Elektra Holding Company, LLC, the parent company of Chicago Deferred Exchange Company, LLC (CDEC). CDEC is a premier provider of Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031. For more information about the transaction, please click here.

On January 4, 2019, Schiff assisted Wintrust in completing the branch acquisition, through its subsidiary Town Bank, of a Milwaukee, Wis. branch of Pyramax Bank, FSB. For more information about the transaction, please click here.

Wintrust, headquartered in Rosemont, Ill., is a financial holding company with assets of approximately $30 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 teams for these transactions included Matt Galo, Nick Tipsord, Carly Weiss, and Rebecka Manis, with Bob Pluth (Tax), David Sattelberger, Kaitlin Riley Duran, and Emma Gormley (Real Estate), David Loring (Environmental), and Kevin Meil (Benefits).