Deal Details
Sale to Wintrust Financial Corporation
Summary
Baird served as the exclusive financial advisor to Delavan Bancshares, Inc. on this transaction.
About
Delavan Bancshares, Inc. (“Delavan” or the “Company”) was recently acquired by Wintrust Financial Corporation (“Wintrust”) (NASDAQ: WTFC) for an aggregate purchase price of approximately $38 million. In the merger, outstanding shares of Delavan common stock were converted into the right to receive merger consideration paid in a combination of approximately 50% cash and approximately 50% shares of Wintrust common stock.Delavan is the parent company of Community Bank CBD, which operates four banking facilities located in Delavan, Lake Geneva, Clinton and Sharon, Wisconsin. The Company is headquartered in Delavan, Wisconsin.
Wintrust is a financial holding company with assets of approximately $20 billion. Wintrust operates fifteen community bank subsidiaries with over 140 banking locations located in the greater Chicago and southern Wisconsin market areas. Wintrust is headquartered in Rosemont, Illinois.
For additional information about this transaction, please contact:
- Date
- January 2015
- Company
- Delavan Bancshares, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
Share
