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Wintrust closes American Enterprise Bank deal

Published 12/07/2018, 04:41 PM
© Reuters.  Wintrust closes American Enterprise Bank deal
WTFC
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  • Wintrust Financial (NASDAQ:WTFC) completes its previously announced acquisition of certain assets and the assumption of certain liabilities of American Enterprise Bank.
  • As of Nov. 30, 2018, AEB had about $128M in loans and about $152M in deposits, substantially all of which were acquired by Wintrust.
  • The deal isn't expected to have a material effect on Wintrust's 2018 or 2019 EPS.
  • Previously: Wintrust Financial misses by $0.01, beats on revenue (Oct. 17)
  • Now read: A Look At Lakeland Financial Corporation


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