M&A Deal Summary

Wintrust Acquires Advantage National Bancorp

On October 1, 2003, Wintrust acquired financial services company Advantage National Bancorp for 22M USD

Acquisition Highlights
  • This is Wintrust’s 1st transaction in the Financial Services sector.
  • This is Wintrust’s 11th largest (disclosed) transaction.
  • This is Wintrust’s 1st transaction in the United States.
  • This is Wintrust’s 1st transaction in Illinois.

M&A Deal Summary

Date 2003-10-01
Target Advantage National Bancorp
Sector Financial Services
Buyer(s) Wintrust
Deal Type Add-on Acquisition
Deal Value 22M USD
Advisor(s) Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

Advantage National Bancorp

Elk Grove Village, Illinois, United States
Advantage National Bancorp, Inc. is a provider of various business and personal banking services.

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Buyer(S) 1

Buyer

Wintrust

Rosemont, Illinois, United States

Category Company
Founded 1991
Sector Financial Services
Employees5,521
Revenue 2.3B USD (2023)
DESCRIPTION
Entrance to Wintrust's corporate headquarters in Rosemont, Illinois.
Entrance to Wintrust's corporate headquarters in Rosemont, Illinois.

Wintrust is a financial services company that provides traditional community banking services, commercial banking, wealth management services, commercial insurance premium financing, life insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. The Company serves the greater Chicago, Illinois and southern Wisconsin metropolitan areas. Wintrust was founded in 1991 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 1 of 18
Sector (Financial Services) 1 of 16
Type (Add-on Acquisition) 1 of 15
State (Illinois) 1 of 9
Country (United States) 1 of 18
Year (2003) 1 of 2
Size (of disclosed) 11 of 13
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Village Bancorp

Ridgefield, Connecticut, United States

Village Bancorp, Inc. is a provider of banking operations services provider. Village Bancorp offers loan and deposit services.

Buy $9M