Wintrust Specialty Finance Exceeds $500MM in Assets Since Inception
JAN 12, 2022 - 6:00 am
Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, has exceeded $500 million dollars in assets and $750 million dollars in funding in its first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases.
With support from its parent company, Wintrust Financial, Wintrust Specialty Finance has originated nearly $800 million 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 global pandemic we still 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 during this challenging time. We doubled the size of our team in 2020, further enhanced and grew our team in 2021 and will keep adding industry-leading talent as the business continues to scale.”
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