Wintrust Financial Corp. says its subsidiary, Barrington Bank & Trust Co. NA – through its division Wintrust Mortgage – has acquired certain assets and assumed certain liabilities of the mortgage banking business of Sherman Oaks, Calif.-based Surety Financial Services.
In addition, Ian Jack and Keith Jacobs, CEO and president of Surety, respectively, will join Wintrust Mortgage in senior officer positions and manage its Southern California mortgage operations.
‘This transaction provides Wintrust Mortgage the opportunity to expand into the desirable southern California market with a highly regarded team of professionals,’ says David Hrobon, president and CEO of Wintrust Mortgage.