Wintrust Financial Corporation · Lake Forest, IL United States ·(NASDAQ (GS): WTFC)
Company Description
Phone: 847-615-4096
Fax: 847-615-4091
Rankings
- S&P 600
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This link will open in a new window Wintrust Financial is a mid-sized financial holding company engaged in personal and commercial banking, wealth management, and specialty lending services in the Chicago suburbs and southern Wisconsin. Through about 15 community banks and about 80 branches, it offers a range of traditional banking services, such as deposit accounts, ATMs, and home equity. It emphasizes business and commercial real estate loans, which account for about half of the company's loan portfolio. Wintrust Financial's wealth management subsidiaries offer financial planning and brokerage services (through a trio of Wayne Hummer companies) and financing for commercial insurance premiums (First Insurance Funding ). To read the full description, subscribe now.
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Key Wintrust Financial Corporation Financials
| Company Type | Public - NASDAQ (GS): WTFC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $343.2 |
| 2008 Employees | 2,326 |
Wintrust Financial Corporation Executives
51 executives listed for Wintrust Financial Corporation's Lake Forest, IL location.
| Title | Name & Bio | Contact |
| Chairman | Peter Crist | Network |
| President, CEO, and Director | Edward Wehmer | Network |
| SEVP, COO, Secretary, and Treasurer; Regional Market Head, Crystal Lake Bank, State Bank of the Lakes, and Town Bank | David Dykstra | Network |
Competition
Competitive Landscape for Wintrust Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Wintrust Financial Corporation Competitors
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