The wind is shifting in Chicago and the city's banks, including Wintrust Financial (NASDAQ:WTFC), are positioned to benefit as loan volume increases and credit quality improves.
Wintrust Financial is based in Lake Forest and operates 15 wholly owned banking subsidiaries including Hinsdale Bank & Trust, Lake Forest Bank & Trust, Libertyville Bank & Trust, Northbrook Bank & Trust, and others.
Combined, these banks have over $17 billion in assets, virtually all of which are tied to the local Chicago and Illinois marketplace.
Wintrust also provides investment management services to Chicago area residents through three Chicago-centric money managers: Wayne Hummer, Great Lakes Advisors and the Chicago Trust Company.
The bank's strategy of growing assets through small acquisitions positions...
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