M&A Deal Summary

Wintrust Acquires Countryside Bank

On July 25, 2019, Wintrust acquired financial services company Countryside Bank for 91M USD

Acquisition Highlights
  • This is Wintrust’s 16th transaction in the Financial Services sector.
  • This is Wintrust’s 4th largest (disclosed) transaction.
  • This is Wintrust’s 17th transaction in the United States.
  • This is Wintrust’s 9th transaction in Illinois.

M&A Deal Summary
Date 2019-07-25
Target Countryside Bank
Sector Financial Services
Buyer(s) Wintrust
Deal Type Add-on Acquisition
Deal Value 91M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

Countryside Bank

Countryside, Illinois, United States
Countryside Bank (SBC, Inc.) is an Illinois state-chartered bank, which operates six banking offices located in the communities of Countryside, Burbank, Darien, Homer Glen, Oak Brook and Chicago, Illinois.

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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 17 of 18
Sector (Financial Services) 16 of 16
Type (Add-on Acquisition) 15 of 15
State (Illinois) 9 of 9
Country (United States) 17 of 18
Year (2019) 2 of 2
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Chicago Deferred Exchange

Chicago, Illinois, United States

Chicago Deferred Exchange Co. LLC is a premier provider of Qualified Intermediary services for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031. CDEC has successfully facilitated more than 8,000 like-kind exchanges in the past decade for taxpayers nationwide. These transactions typically generate customer deposits during the period following the sale of the property until such proceeds are used to purchase a replacement property. During 2018, deposits from CDEC customers averaged in excess of $1 billion.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Macatawa Bank

Holland, Michigan, United States

Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management, and e-commerce services to individuals, businesses, and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa, and northern Allegan counties. Macatawa Bank is based in Holland, Michigan.

Buy $510M
Mergr

Product

Company

Legal