Wintrust Financial 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 13, 2012
WINTRUST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code (847) 615-4096
(Former name or former address, if changed since last year)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 8.01. Other Events.
Wintrust Financial Corporation (Wintrust), through its wholly-owned subsidiary Old Plank Trail Community Bank, N.A., entered into a definitive agreement on January 13, 2012 to acquire the branch of Suburban Bank & Trust Company (Suburban) located in Orland Park, Illinois. Through this transaction, subject to final adjustments, Old Plank Trail Community Bank, N.A. will acquire approximately $50 million of deposits, approximately $4 million of performing loans and the bank facility, property and various other assets. The transaction is expected to close in the first quarter of 2012 and is subject to regulatory approval and other customary closing conditions.
Also on January 13, 2012, Wintrust, through its wholly-owned subsidiary, The Chicago Trust Company, N.A., entered into a definitive agreement to acquire the trust operations of Suburban. Through this transaction, subject to final adjustments, The Chicago Trust Company will acquire trust accounts having assets under administration of approximately $160 million, in addition to land trust accounts and various other assets. The transaction is expected to close in the first quarter of 2012 and is subject to customary closing conditions.
The terms of the respective transactions are not being disclosed at this time; however, Wintrust does not expect the transactions to have a material impact on its 2012 results of operations or earnings per share.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 13, 2012