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Deal Overview

Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Community Financial Shares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Cash ($M) 21.2
Common Stock ($M) 21.2
Common Stock Issued 388,573

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 148.3 145.5
Price / Tangible Book (%) 148.3 145.5
Price / Earnings (x) 7.9 7.9
Price / Deposits (%) 13.87 13.89
Price / Assets (%) 12.35 12.35
Tangible Book Premium/ Deposits (%) 4.93 4.79
Deal Terms
Description of Consideration

Wintrust Financial Corp. paid $0.71 per share in cash and exchanged 0.013 shares of its common stock to acquire each outstanding shares of Community Financial Shares Inc. Wintrust Financial Corp. also assumed $3.61 million obligation of Community Financial Shares Inc. Exchange ratio was subject to adjustment based on Wintrust Financial Corp. closing price within a $42.50-52.5 cap/floor.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 27,600
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,750
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 0.013000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 2,261
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes FIG Partners LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schiff Hardin LLP
Seller Yes Godfrey & Kahn SC
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