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Deal Overview

Buyer:
Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Target:
Advantage National Bancorp
Deal Type:
Bank & Thrift Company
Agreement Date:
7/2/2003
Announcement Date:
7/2/2003
Announced Deal Value ($ M):
21.51
Status:
Completed
Completion Date:
10/1/2003
Announced Deal Value Per Share ($ )
26.50

Consideration Breakout
Common Stock ($M) 23.5
Common Stock Issued 670,875

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 229.1 248.8
Price / Tangible Book (%) 229.1 248.8
Price / Earnings (x) NM 52.7
Price / Deposits (%) 23.23 24.53
Price / Assets (%) 20.62 21.82
Tangible Book Premium/ Deposits (%) 17.21 18.96
Deal Terms
Description of Consideration

Wintrust issued 0.7571 share for each Advantage share outstanding. If Wintrust had averaged between $25 and $35 prior to close the price would have been $26.50 per share. Seller's finls are for Advantage National Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,000
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 0.757100
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schiff Hardin LLP
Seller Yes Barack Ferrazzano Kirschbaum
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