IRVINE, Calif. – January 11, 2022 – Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., exceeds half billion dollars in assets and three quarter billion dollars in funding in first 3 years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases.
With strong support from their parent company, Wintrust Financial Corporation, WSF originated nearly $800 million of new leases and loans since launching its funding platform in January of 2019. Additionally, many new origination partners have been added as WSF continues to strongly invest in equipment financing opportunities for small and mid-market businesses in the midst of the global pandemic.
“The origination volume and earning assets growth our team has achieved is the result of disciplined and experienced underwriting, and consistent service levels, which have allowed us to remain strong through the global pandemic we still find ourselves in today,” said David Normandin, CLFP, president and CEO of WSF. “I am proud of the incredible growing team we have built at Wintrust and the strong organizational values we exhibit in continuing to support our partners during this challenging time. We doubled the size of our team in 2020, further enhanced and grew our team in 2021, and will keep adding industry-leading talent as the business continues to scale.”
About Wintrust
Wintrust is a financial holding company with assets of over $48 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 Contact
David Normandin, President & CEO
Wintrust Specialty Finance
dnormandin@wintrust.com
949-268-9099
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