Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 24, 2015, the Company acquired Community Financial Shares, Inc. ("CFIS"). CFIS was the parent company of Community Bank - Wheaton/Glen Ellyn ("CBWGE"), which had four banking locations in Wheaton and Glen Ellyn, Illinois. CBWGE was merged into the Company's wholly-owned subsidiary Wheaton Bank. Prior to purchase accounting adjustments, the Company acquired approximately $327 million of assets, including approximately $177 million of loans, assumed approximately $301 million of deposits and assumed approximately $4 million of junior subordinated debentures.

On July 17, 2015, the Company acquired Suburban Illinois Bancorp, Inc. ("Suburban"). Suburban was the parent company of Suburban Bank & Trust Company ("SBT"), which had ten banking locations in Chicago and its suburbs. SBT was merged into the Company's wholly-owned subsidiary Hinsdale Bank. Prior to purchase accounting adjustments, the Company acquired approximately $480 million of assets, including approximately $284 million of loans, assumed approximately $417 million of deposits and assumed approximately $15 million of junior subordinated debentures.

On July 1, 2015, the Company, through its wholly-owned subsidiary Wintrust Bank, acquired North Bank, headquartered in downtown Chicago, Illinois. Through this transaction, prior to purchase accounting adjustments, Wintrust Bank acquired two banking locations and approximately $112 million of assets, including approximately $55 million of loans, and assumed approximately $100 million of deposits.