Rosemont, Ill.-based Wintrust Financial Corp., through its unit Hartland, Wis.-based Town Bank acquired a Milwaukee branch of Greenfield, Wis.-based PyraMax Bank FSB.
Town Bank acquired approximately $5 million of deposits, the bank facility and various other assets, through this transaction.
Terms of the transaction were not disclosed.
In connection with the transaction, Edelman & Co. Ltd. served as financial adviser and Quarles & Brady LLP served as legal counsel for PyraMax Bank. Schiff Hardin LLP served as legal counsel to Wintrust.