M&A Deal Summary

Wintrust Acquires Delavan Bancshares

On January 16, 2015, Wintrust acquired financial services company Delavan Bancshares for 38M USD

Acquisition Highlights
  • This is Wintrust’s 12th transaction in the Financial Services sector.
  • This is Wintrust’s 9th largest (disclosed) transaction.
  • This is Wintrust’s 12th transaction in the United States.
  • This is Wintrust’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2015-01-16
Target Delavan Bancshares
Sector Financial Services
Buyer(s) Wintrust
Deal Type Add-on Acquisition
Deal Value 38M USD
Advisor(s) Baird (Financial)
Boardman & Clark (Legal)

Target

Delavan Bancshares

Delavan, Wisconsin, United States
Delavan Bancshares, Inc. is the parent company of Community Bank CBD, a Wisconsin state chartered bank, which operates four banking locations in southeastern Wisconsin.

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Buyer(S) 1

Buyer

Wintrust

Rosemont, Illinois, United States

Category Company
Founded 1991
Sector Financial Services
Employees5,903
Revenue 2.5B USD (2024)
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 12 of 18
Sector: Financial Services M&A 12 of 16
Type: Add-on Acquisition M&A Deals 11 of 15
State: Wisconsin M&A 2 of 3
Country: United States M&A 12 of 18
Year: 2015 M&A 1 of 2
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 First Lansing Bancorp

Lansing, Illinois, United States

First Lansing Bancorp, Inc. is a provider of commercial and personal banking services.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 North Bank

Chicago, Illinois, United States

North Bank provides banking and financial services to the River North and Streeterville neighborhoods of Chicago. Its two banking facilities are located at 431 North Clark Street and at 360 East Ohio Street.

Buy $17M