Business
Wintrust Expands Workplace Solutions Offering for HSAs, FSAs, and More, Powered by First Dollar
ROSEMONT, Ill., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced it has selected First Dollar to
About this update from Wintrust Financial Corporation
[{"type":"text","content":"ROSEMONT, Ill., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced it has selected First Dollar to power health savings accounts, health flexible spending accounts, health reimbursement arrangements, and other employee benefit accounts. Wintrust will leverage First Dollar’s best-in-class technology to enhance and elevate its consumer-directed health and lifestyle accounts portfolio for a fully integrated benefit experience aligned with the Wintrust standard. Today’s benefit offerings look different from yesterday’s. Employers report that cost, employee engagement, and vendor management are the top three challenges to providing employees with health and welfare benefits. The Wintrust-First Dollar partnership seeks to bridge this gap with a health benefits solution in the award-winning style Wintrust clients have come to expect. “What sets us apart is our culture of building relationships based on our high-quality service and tailored solutions that help our customers run their business,” said Tim Crane, President and CEO of Wintrust. “Wintrust Workplace Solutions mimics this same service-delivery model, providing the one-on-one expertise and knowledge that our clients have come to expect. Pair that with the exceptional online experience from First Dollar and you’ve got a well-rounded, holistic benefits offering you won’t find from other banks.” “Wintrust is the one-stop shop for the financial needs of our bank clients,” said Mark Siebold, head of Wintrust Workplace Solutions. “By offering cutting-edge technology with a focus on employee education and engagement, our mission is to be part of the solution to reduce health care costs while helping employees save for health care expenses in retirement,” said Mark. With assets of approximately $62 billion, over 200 branches in Illinois, Wisconsin, Michigan, Indiana and Florida, and a large commercial banking presence across the U.S., Wintrust customers enjoy the resources of a large bank and the customer-first service of a community bank. With the launch of this new product suite, corporations and their employees have access to the following tax-advantaged and lifestyle accounts: Commuter benefit programsDependent care flexible spending accounts (DC-FSAs)Health flexible spending accounts (FSAs)Health reimbursement arrangements ...