Wintrust to Buy Assets, Liabilities of Montana Mortgage Company

Wintrust Financial in Rosemont, Ill., has bought certain assets of American Homestead Mortgage in Montana.

The $25.7 billion-asset company said in a press release Wednesday that one of its units will also buy certain liabilities tied to American Homestead's mortgage banking business. The company did not disclose the price it paid.

The acquisition allows Wintrust Mortgage to move into northern Montana. American Homestead, formed in 1993, originated nearly $55 million in loans last year.

Wintrust will bring on all of American Homestead's employees.

Next in Origination ►
More in Origination See All »
Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.