Wintrust Financial Corporation Announces Plans to Acquire STC Capital Bank
Wintrust Financial Corporation (WTFC)
Last wintrust financial corporation earnings: 4/21 06:15 pm
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Source: GlobeNewswire
ROSEMONT, Ill., June 05, 2019 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced the signing of a definitive agreement to acquire STC Bancshares Corp. (“STC”). STC is the parent company of STC Capital Bank, an Illinois state-chartered bank, which operates five banking offices located in the communities of St. Charles, Geneva and South Elgin, Illinois. As of March 31, 2019, STC Capital Bank had approximately $277 million in assets, approximately $204 million in loans and approximately $246 million in deposits. Edward J. Wehmer, President and CEO of Wintrust, said, “This transaction is a great opportunity to expand and complement our market presence in the western suburbs of the Chicago metropolitan area. STC Capital Bank has a wonderful reputation for providing outstanding customer service using a community banking approach. We look forward to continuing that tradition and to providing its customers with an expanded array of product
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News
- Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a RowGlobeNewswire
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- Wintrust Financial Co. (NASDAQ: WTFC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Wintrust Financial Co. (NASDAQ: WTFC) had its price target raised by analysts at Citigroup Inc. from $114.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
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Earnings
- 1/17/24 - Miss
WTFC
Sec Filings
- 3/6/24 - Form 144
- 3/1/24 - Form 4
- 3/1/24 - Form 4
- WTFC's page on the SEC website