UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 17, 1999
WINTRUST FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Commission File Number 0-21923
Illinois 36-3873352
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(State or other Jurisdiction (I.R.S. Employer Identification No.)
of Incorporation)
727 North Bank Lane
Lake Forest, Illinois 60045
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(Address of Principal Executive Offices)
(847) 615-4096
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(Registrant's Telephone Number, Including Area Code)
ITEM 5. OTHER EVENTS.
On September 17, 1999, Wintrust Financial Corporation ("Wintrust" or "Company")
announced the signing of an agreement to acquire Milwaukee-based Tricom, Inc.
("Tricom"), a financial and administrative service bureau to the staffing
industry. Tricom has been in business for ten years and provides short-term
accounts receivable financing and value-added out-sourced administrative
services, such as data processing of payrolls, billing and bookkeeping services,
to temporary staffing service clients located throughout the United States. This
proposed acquisition, by virtue of the funding resources of Wintrust, will
provide Tricom with additional capital necessary to expand its financing and
administrative services in a national market. The Tricom acquisition is
consistent with the Company's stated strategy of adding a variety of diversified
earning asset and fee-based business niches to augment its community-based
banking revenues.
Under the terms of the agreement to acquire 100% of Tricom's common stock, the
purchase price is comprised of part cash and part stock, including the issuance
of approximately 228,000 shares of Wintrust Common Stock. The transaction will
be recorded using the purchase method of accounting, is subject to regulatory
approval, and is expected to close in October 1999.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibit
September 17, 1999 Press Release - Wintrust Financial Corporation Announces
Plans to Acquire Tricom, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
WINTRUST FINANCIAL CORPORATION
(Registrant)
Date: September 29, 1999 /s/ David A. Dykstra
Executive Vice President
& Chief Financial Officer
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