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Wintrust Specialty Finance Exceeds Half-Billion-Dollar Milestone in First 3 Years

January 12, 2022, 07:24 AM
Filed Under: Industry News

Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., exceeded a half-billion dollars in assets and three-quarter billion 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 strong support from its parent company, Wintrust Financial Corporation, WSF originated nearly $800 million of new leases and loans since launching its funding platform in January 2019. Additionally, many new origination partners have been added as WSF continues to strongly invest in equipment financing opportunities for small- and mid-market businesses in the midst of the global pandemic.

“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,” said David Normandin, CLFP, President and CEO of WSF. “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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