Attention: You are now leaving the Wintrust website.

Return to Mergers & Acquisitions

Deal Overview

Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Chicago Shore Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Cash ($M) 40.9

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 435.7 433.2
Price / Tangible Book (%) 677.6 671.6
Price / Earnings (x) NM NM
Price / Deposits (%) 15.62 15.54
Price / Assets (%) 13.70 13.59
Tangible Book Premium/ Deposits (%) 18.41 18.32
Deal Terms
Description of Consideration

Wintrust Financial Corp. paid $25 in cash for each of the outstanding share of Chicago Shore Corp. The purchase consideration was subject to possible adjustment and takes into account the appreciated value of a five-story building located in the Gold Coast/Streeterville neighborhood of Chicago. Chicago Shore Corp. preferred stock were redeemed in accordance with their terms. Targets financials are for Delaware Place Bank.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 26,600
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) NA
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 NA NA
Seller Yes Piper Sandler & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schiff Hardin LLP
Seller Yes Barack Ferrazzano Kirschbaum
Copyright 2020, © S&P Global Market Intelligence  Terms of Use