TITLE

Wintrust shames rivals with payback of bailout funds

AUTHOR(S)
DANIELS, STEVE
PUB. DATE
January 2011
SOURCE
Crain's Chicago Business;1/17/2011, Vol. 34 Issue 3, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that pressure is building on mid-sized commercial banks in Chicago, Illinois to repay federal bailout money as Lake Forest-based Wintrust Financial Corp. raised 328 million dollars in a stock offering in December 2010 and then redeemed 250 million dollars in preferred shares held by the federal government. As reported, other local bankers have said that they won't repay the feds until more improvement in the economy is seen by them.
ACCESSION #
58087775

 

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