Wintrust Signs Lease for 231 South LaSalle
July 29 2014 - 4:01PM
Wintrust Financial Corporation ("Wintrust") (Nasdaq:WTFC) announced
it has entered into a long term lease for the main banking hall,
multiple floors, retail space and primary signage to the iconic 231
South LaSalle building.
Built in 1924, the building is located at the base of "the
canyon" on the corner of LaSalle and Jackson, across from the
Federal Reserve Bank and the Chicago Board of Trade. Once the home
of Continental Illinois Bank, the building is considered one of the
most recognizable buildings in the Loop and features a banking hall
believed to be one of the largest of its kind in the world.
"As Chicago's Bank, with approximately $19 billion in assets,
it's important for us to have a prominent home in the city's
financial center," stated Edward Wehmer, President and CEO. "This
address in the heart of the city will help us continue to grow our
commercial and retail banks, mortgage and wealth management."
The building will house a retail bank and mortgage office,
Wintrust Commercial Banking operations, currently at 190 South
LaSalle, and Wintrust Wealth Management, with more than $19 billion
in assets under administration, currently at 222 South Riverside.
"This building will allow for further collaboration amongst our
commercial and retail bankers, financial advisors and home loan
officers to ensure each customer gets the resources and service
they've come to expect from Wintrust," commented Wehmer.
"We plan to move into the building in 2015. As we do with all of
our community banks, we intend for our new building to be a focal
point for the community in the heart of downtown Chicago. Once we
occupy the building, we'll not only schedule bank events, we'll
work with local community groups and non-profits to hold events and
seminars," observed Wehmer.
(Please see the following artist renditions of proposed building
signage.)
Photos accompanying this release are available at
http://www.globenewswire.com/newsroom/prs/?pkgid=26768
http://www.globenewswire.com/newsroom/prs/?pkgid=26769
http://www.globenewswire.com/newsroom/prs/?pkgid=26770
About Wintrust
Wintrust is a financial holding company with assets of
approximately $19 billion whose common stock is traded on the
NASDAQ Global Select Market. Built on the "HAVE IT ALL" model,
Wintrust offers sophisticated technology and resources of a large
bank while focusing on providing service-based community banking to
each and every customer. Wintrust operates fifteen community bank
subsidiaries, now with over 120 banking locations located in the
greater Chicago and Milwaukee market areas. Additionally, the
Company operates various non-bank business units including one of
the largest commercial insurance premium finance companies
operating in the United States and Canada, a company providing
short-term accounts receivable financing and value-added
out-sourced administrative services to the temporary staffing
services industry, a business unit engaging primarily in the
origination and purchase of residential mortgages for sale into the
secondary market throughout the United States, and companies
providing wealth management services.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions and actual events or results
may differ materially. Wintrust's expected financial results or
other plans are subject to a number of risks and uncertainties. For
a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" and the
forward-looking statement disclosure contained in Wintrust's Annual
Report on Form 10-K for the most recently ended fiscal year and in
any of the Company's subsequent SEC filings. Forward-looking
statements speak only as of the date made and Wintrust undertakes
no duty to update the information.
The photos are also available at Newscom, www.newscom.com, and
via AP PhotoExpress.
CONTACT: FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, President & Chief Executive Officer
David A. Dykstra, Senior Executive Vice President
& Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com
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