Wintrust commits $50 million to its Wintrust ventures

ROSEMONT, Ill., Feb. 15 10, 2022 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) today announced that it has committed $50 million to fund capital opportunities -corporate risk of Wintrust Ventures. Wintrust Ventures will continue to seek opportunities to invest equity in companies seeking late stage or Series A funding.

Since its inception in 2015, Wintrust Ventures has made 102 investments in 42 high-growth companies. Previous investments include The Mom Project, Cohesion, Foxtrot Marketplace, Monica + Andy and Interior Define. Given the success of these investments and Wintrust’s mission to continue supporting businesses in the communities it serves, Wintrust Ventures will continue to deploy capital through direct business investments, leveraging its co-investment relationships with other venture capital funds, angel groups and family offices. .

Edward J. Wehmer, Founder and CEO of Wintrust, said, “Wintrust Ventures has been a remarkably successful platform for Wintrust to invest in high-performing small businesses in our communities. This investment—alongside our long-term sponsorships from organizations like Chicago Innovation—represents our continued commitment to the entrepreneurs and businesses that are creating the economic opportunities our cities and country will need in the years to come.

Bailey Moore, Senior Vice President of Wintrust Ventures, said, “This additional capital commitment will allow us to continue to meet the unique needs of start-up companies. We have particularly focused on sectors such as Enterprise SaaS, Healthcare IT, Marketplace and Omni Channel Brands. Not only do we provide equity, but we also offer advice, networking opportunities, knowledge, banking, wealth management tools to support innovation in Chicago and beyond. We truly see ourselves as strategic partners for these businesses, providing the support and resources they need to thrive, grow and, in many cases, perform a successful exit event.

For more information on Wintrust Ventures, click here.

About wintrust
Wintrust is a financial holding company with assets of approximately $50 billion whose common stock trades on the NASDAQ Global Select Market under the symbol WTFC. Built on the “HAVE IT ALL” model, Wintrust offers the sophisticated technology and resources of a major bank while focusing on providing community banking services to every customer. Wintrust operates fifteen community banking subsidiaries, with more than 170 banking locations located in the Greater Chicago and Southern Wisconsin market areas. In addition, Wintrust operates various non-banking business units, including business units that provide commercial and life insurance premium financing in the United States, a premium financing company operating in Canada, a company providing short-term financing of accounts receivable and outsourced value-added services. administrative services to the temporary employment services industry, a business unit primarily involved in the origination and purchase of residential mortgages for sale in the secondary market across the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Forward-looking information
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that these statements are predictions and that actual events or results may differ materially. The expected financial results of Wintrust or other plans are subject to a number of risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the disclosure of forward-looking statements contained in Wintrust’s most recent Annual Report on Form 10. -K. and in all subsequent filings by the Company with the SEC. Forward-looking statements speak only as of the date made and Wintrust assumes no obligation to update the information.

FOR MORE INFORMATION, CONTACT:
Edward J. Wehmer, Founder and CEO
David A. Dykstra, Vice President and Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com

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