Business
Wintrust Financial Corporation Announces Precautionary Decision to Help Achieve Community Health Objectives By Temporarily Closing Selected Branches
ROSEMONT, Ill., March 17, 2020 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced today that it is
About this update from Wintrust Financial Corporation
[{"type":"text","content":"ROSEMONT, Ill., March 17, 2020 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced today that it is temporarily closing or modifying service locations at approximately 50 Wintrust community bank locations in Northern Illinois and Southern Wisconsin beginning Tuesday, March 17. At present, approximately 135 branches will remain open to serve clients. This is consistent with actions that other peer banks have taken and that others are anticipated to take in the coming days.\n Wintrust made this precautionary decision to allow for staff to manage for school closures and aid family members, and to support the public health efforts to reduce transmission of the COVID-19 virus, although to date, Wintrust is not aware of any employee or customer at any location who has been infected. Wintrust anticipates serving its entire client footprint despite these limited temporary closures. Clients can find listings of open and closed branches at www.wintrust.com. Edward J. Wehmer, Founder and Chief Executive Officer, commented, \"The health and safety of our clients and employees are at the heart of every decision we make. The temporary measures we are taking now, which also include splitting our staff into teams at different sites, encouraging work from home where possible and incremental backup sites, are aimed at making sure that we keep our staff and clients as safe as possible, that we are positioned to take care of clients’ financial needs and remain equipped to withstand any further disruption. We will continue to carefully monitor the situation and quickly adapt to take further actions as necessary until public health officials advise that these measures are no longer necessary.” All of Wintrust’s bank sites are receiving enhanced cleaning as part of their routine activities and employees have been informed and are being regularly reminded of best practices in hygiene and physical interactions. Wehmer continued, “The coming weeks will be a challenge for all of us, and we apologize for any inconvenience these temporary actions may cause our clients. We are making sure our clients know they can receive 24/7 support through our online and digital tools, where you can perform most transactions and access most information without coming into our facilities. We value our clients’ loyalty a...