The wind is shifting in Chicago and the city's banks, including Wintrust Financial (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...