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Wintrust Financial unit acquires a branch of PyraMax Bank in Milwaukee

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Wintrust Financial unit acquires a branch of PyraMax Bank in Milwaukee

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.