Wintrust Specialty Finance Exceeds $1B in Funded Contracts Since Inception
JUL 28, 2022 - 7:25 am
Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, has exceeded $1 billion in funded contracts in its first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases.
With strong support from its parent company, Wintrust Financial, Wintrust Specialty Finance has originated in excess of $1 billion of new leases and loans since launching its funding platform in January of 2019.
“The origination volume and earning assets growth our team has achieved is the result of disciplined and experienced underwriting and consistent service levels, which have allowed us to remain strong through the volatile economy we find ourselves in today,” David Normandin, CLFP, president and CEO of Wintrust Specialty Finance, said. “I am proud of the incredible growing team we have built at Wintrust and the strong organizational values we exhibit in continuing to support our partners throughout the global pandemic and the current challenging economic time. We doubled the size of our team in 2020, further enhanced and grew our team in 2021 and continue adding industry-leading talent in 2022 as the business continues to scale.”
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