Wintrust Appoints Crane CEO
Timothy S. Crane, the current president of Wintrust Financial (WTFC), will assume the additional role of CEO, effective May 1. Crane also joined the company’s board of directors, effective immediately.
Timothy S. Crane, the current president of Wintrust Financial (WTFC), will assume the additional role of CEO, effective May 1. Crane also joined the company’s board of directors, effective immediately.
Wintrust Financial signed a definitive agreement to acquire Rush-Oak, the parent company of Illinois-based Oak Bank, for an aggregate purchase price of approximately $46 million.
Wintrust expanded its asset-based lending group, Wintrust Business Credit, with the addition of a specialized team focused on accounts receivable financing. National Head of Originations Jason LeuVoy and Group Head John Marrinson will lead the new team.
Wintrust Financial’s subsidiary, Northbrook Bank & Trust, completed its acquisition of certain assets and the assumption of certain liabilities of American Enterprise Bank.