Wintrust Asset Finance (WAF) was recently listed in the Monitor Bank 50 for 2020. The Bank 50 provides a total analysis of the largest bank-affiliated equipment leasing and finance companies in the U.S.

“We’re honored to be listed in the Monitor Bank 50 and acknowledged as one of the top equipment finance and leasing companies in the country,” Kirk Phillips, president and CEO of Wintrust Commercial Finance, which is a division of WAF, said. “I’m very proud of all the WAF teams for meeting and overcoming the challenges this year has presented and delivering the solutions and customer service we’re known for without interruption.”

WAF ranked No. 26 in total assets, rising from No. 29 in the 2019 report by recording more than $1.74 billion in total assets as well as new business volume of nearly $854 million in the 2020 report.

Wintrust has four equipment and leasing divisions:

• Wintrust Capital (a division of WAF) assists clients in funding equipment acquisitions through traditional leases, customized cash flow solutions, lines of credit, installment purchase agreements and vendor programs within Illinois, Indiana and Wisconsin.
• Wintrust Commercial Finance (a division of WAF), based in Frisco, TX, is an equipment-focused financing group offering loan and leasing products to companies throughout the U.S.
• Wintrust Equipment Finance (a division of WAF), headquartered in Mishawaka, IN, focuses on debt discounting and capital markets.
• Wintrust Specialty Finance (a division of Beverly Bank & Trust Company) provides structured small and mid-ticket equipment leasing and finance solutions to vendors and lenders throughout the country. It is based in Irvine, CA.