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Wintrust Financial Corp Announces Closing Of Acquisition Of Diamond Bancorp, Inc.


Friday, 18 Oct 2013 06:15pm EDT 

Wintrust Financial Corp announced that the completion of its previously announced acquisition of Diamond Bancorp, Inc. (Diamond). Diamond is the parent company of Diamond Bank, FSB (Diamond Bank). With a history dating back to 1886, Diamond Bank operates four banking locations in Chicago, Schaumburg, Elmhurst and Northbrook, Illinois. Following the transaction, Diamond Bank will be merged into Wintrust's wholly-owned subsidiary, North Shore Community Bank & Trust Company. Diamond Bank's banking locations will operate as branches of North Shore Community Bank & Trust Company. The aggregate purchase price was approximately $2.9 million. In the merger, outstanding shares of Diamond common stock were converted into the right to receive cash merger consideration. 

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