Wintrust Financial To Acquire Delavan Bancshares - Quick Facts

(RTTNews) - Wintrust Financial Corp. (WTFC) announced an agreement to acquire Delavan Bancshares, Inc. Subject to possible adjustment, the aggregate purchase price will approximate $38 million. Wintrust noted that the transaction is not expected to have a material effect on its 2015 earnings per share.

Delavan is the parent company of Community Bank CBD, a Wisconsin state chartered bank, which operates four banking locations in southeastern Wisconsin. Wintrust said the deal provides an opportunity to expand and complement its growing market presence in southeastern Wisconsin.