Wintrust, Talmer Announce Closing Of Wisconsin Branch Transaction - Quick Facts

(RTTNews) - Talmer Bancorp, Inc. (TLMR) and its subsidiary Talmer Bank and Trust said it has closed on the sale of 11 branch offices and related deposits in Wisconsin to Town Bank, a wholly owned bank subsidiary of Wintrust Financial Corporation (WTFC).

Concurrent with the closing of this transaction, Town Bank will sell two of the branch locations and related deposits in Kenosha and Genoa City, Wisconsin to its affiliate, State Bank of the Lakes, a Wintrust community bank.

The company said that the banking offices will continue to be staffed by the current employees and will continue to operate normally. Customers do not need to take any action in connection with the transaction.

Edward J. Wehmer, President and Chief Executive Officer of Wintrust, said, "This transaction allows us to expand Wintrust's presence in southern Wisconsin. These locations fill a gap between our Illinois branches and our Town Bank's Milwaukee area branches. Talmer operated a great community bank franchise with a team of bankers that are committed to a high level of customer service. We welcome Talmer's employees and customers to the Wintrust family and look forward to providing our new customers with Wintrust's full array of products and services."