Wintrust Asset Finance Inc. (WAF) was recently listed in the Monitor Daily’s Monitor Bank 50 for 2020, which provides a total analysis of the largest bank-affiliated equipment leasing and finance companies in the U.S. The ranking exemplifies WAF’s commitment to providing sophisticated loan and leasing products to equipment-focused commercial companies throughout the country.
“We’re honored to be listed in the Monitor Bank 50 and acknowledged as one of the top equipment finance and leasing companies in the country,” said Kirk Phillips, president and CEO of Wintrust Commercial Finance, which is a division of WAF. “I’m very proud of all the WAF teams for meeting and overcoming the challenges this year has presented, and delivering the solutions and customer service we’re known for, without interruption.”
WAF ranked No. 26 in total assets at more than $1.74 billion in the 2020 report, with new business volume of nearly $854 million, up from No. 29 last year.
Wintrust has four equipment and leasing divisions:
- Wintrust Capital (a division of WAF) assists clients in optimally funding equipment acquisitions through traditional leases, customized cash flow solutions, lines of credit, installment purchase agreements, and vendor programs within Illinois, Indiana, and Wisconsin.
- Wintrust Commercial Finance (a division of WAF), based in Frisco, Texas, is an equipment-focused financing group offering sophisticated loan and leasing products to companies throughout the U.S.
- Wintrust Equipment Finance (a division of WAF), headquartered in Mishawaka, Indiana, focuses on debt discounting and capital markets.
- Wintrust Specialty Finance (a division of Beverly Bank & Trust Company, N.A.) provides structured small and mid-ticket equipment leasing and finance solutions to vendors and lenders throughout the country. It is based in Irvine, California.
The Monitor Bank 50 annual report includes net asset size, new business activity, and market share as well as other portfolio metrics, highlights and forecasts.