FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Wintrust Specialty Finance Exceeds $1B Funded Milestone in First 3.5 Years

July 28, 2022, 07:35 AM
Filed Under: Industry News

Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, exceeded a billion dollars in funded contracts in first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases.

With strong support from their parent company, Wintrust Financial Corporation, WSF originated in excess of $1 billion of new leases and loans since launching its funding platform in January of 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.

“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 volatile economy we 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 throughout the global pandemic and the current challenging economic time. We doubled the size of our team in 2020, further enhanced and grew our team in 2021, and continue adding industry-leading talent in 2022 as the business continues to scale.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.