Rosemont, Ill.-based Wintrust Financial Corp. completed the acquisition of Saint Charles, Ill.-based STC Bancshares Corp. in a deal valued at $44.9 million by S&P Global Market Intelligence.
STC is the parent of STC Capital Bank, which had about $275 million in assets, $190 million in loans and $244 million in deposits as of June 30, according to the company's release.
D.A. Davidson & Co. was exclusive financial adviser to STC and provided a fairness opinion to its board. Barack Ferrazzano Kirschbaum & Nagelberg LLP was STC's transaction counsel, and Schiff Hardin LLP was transaction counsel to Wintrust.
