Wintrust Commercial Banking creates new Money Service Exchange Group
January 15 2021 - 4:05PM
Wintrust Commercial Banking announced the creation of a new
division, Wintrust Money Service Exchange Group, to focus on
supporting businesses within the money service business industry.
The group will offer treasury management, lending, and capital
markets support to money service businesses in the U.S.
“We’re always focused on expanding our offerings to better serve
clients in all industries,” said Wintrust CEO & Founder Edward
J. Wehmer. “Forming this new group, under Carol Ann’s leadership,
allows us to provide specialized support to businesses in the money
service exchange market, and I’m confident the group will be a
great addition to our services.”
Wintrust hired Carol Ann Killian, senior vice president, to lead
and grow the new line of business. Killian has an extensive
background serving money service businesses, many of which have a
unique set of needs as they navigate changing regulatory
requirements and advanced technological demands.
Wintrust Money Service Exchange Group will offer a full suite of
treasury management solutions, including currency ordering and
processing, remote deposit capture, returned item processing,
electronic banking, and fraud prevention tools. Killian will also
focus on developing relationships with businesses in the money
service exchange industry.
“I am so excited to begin a new venture at Wintrust, supporting
the market I have served in as a banker for 26 years,” Killian
said. “I hope to propel Wintrust into becoming a leading provider
of financial services in this space. I think it’s a win for both
the money service exchange industry as well as for Wintrust.”
Killian most recently served as a relationship manager for the
Currency Exchange Division of MB Financial Bank, acquired by Fifth
Third Bank. She has also worked at Capital One Bank, North Fork
Bank, Citibank, and European American Bank.
About Wintrust
Wintrust is a financial holding company with assets of over $43
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, with over 180 banking locations located in the
greater Chicago and southern Wisconsin market areas. Additionally,
Wintrust operates various non-bank business units including
business units which provide commercial and life insurance premium
financing in the United States, a premium finance company operating
in 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 and qualified
intermediary services for tax-deferred exchanges.
Media contactChristopher LattaGroup Senior Vice
PresidentWintrust Commercial Bankingclatta@wintrust.com |
847-784-1393
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