Financial holding company offering banking and financial services through its subsidiaries, primarily in Illinois, Wisconsin, Indiana, and Minnesota.
Wintrust Financial Corporation operates as a prominent financial holding company, offering a diverse range of services across its three principal segments: Community Banking, Specialty Finance, and Wealth Management. Established in 1991 and headquartered in Rosemont, Illinois, the company caters to a broad clientele including individuals, small to mid-sized businesses, local governmental units, and institutional clients.
The Community Banking segment serves as Wintrust's cornerstone, providing a comprehensive array of banking products and services. These include traditional offerings such as non-interest bearing and interest-bearing deposits, residential mortgages, home equity loans, and consumer lending solutions. Additionally, the segment offers tailored financial services to condominium, homeowner, and community associations, along with asset-based lending options tailored for middle-market enterprises. The segment also actively engages in commercial lending, providing support to mortgage brokerage firms, restaurant franchisees, and small business administration loans.
Wintrust's Specialty Finance segment plays a vital role in the company's operations, focusing on niche financial services. It specializes in commercial and life insurance premiums financing, accounts receivable financing, and outsourced administrative services. Moreover, the segment provides critical data processing services for payroll, billing, and cash management to the temporary staffing industry. Through these specialized offerings, Wintrust Financial Corporation enhances its ability to meet the unique financial needs of businesses and individuals across various sectors, solidifying its position as a trusted partner in the financial services industry.