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Stock impact report

Wintrust Financial Corporation to Make Loans to Approximately 8,900 Small Businesses Through the Paycheck Protection Program

Wintrust Financial Corporation (WTFC) 
Last wintrust financial corporation earnings: 4/21 06:15 pm Check Earnings Report
US:NASDAQ Investor Relations: wintrust.com/investor-relations.html
Company Research Source: GlobeNewswire
ROSEMONT, Ill., April 17, 2020 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced today that it secured authorization from the Small Business Administration (SBA) to fund nearly $3.3 billion in loans to approximately 8,900 small businesses through April 16, when the SBA announced that appropriations had been exhausted for the $349 billion Payroll Protection Program (PPP). When the SBA announced that the $349 billion allocation had been fully allocated, Wintrust had secured authorization from the SBA to fund loans for approximately 99 percent of the client applications it had received and processed for approval. Wintrust has since notified and is working with those clients who didn’t receive loan authorization, mainly due to incomplete or ineligible applications, to help review other sources of relief that may be available to them. Historically, Wintrust ranks as one of the largest SBA lenders in the communities it serves. For Show less Read more
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