Wintrust Financial to sell Second Federal S&L deposits and operations

theflyonthewall.com

Wintrust Financial's wholly-owned subsidiary bank, Hinsdale Bank & Trust, has entered into a definitive agreement to sell the deposits and the current banking operations of Second Federal Savings and Loan, a branch of Hinsdale Bank, to Self-Help Federal Credit Union, partnering with The Resurrection Project. Hinsdale Bank currently operates three Second Federal locations in Illinois. As of September 30, Second Federal had approximately $161M in deposits.

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