Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a Row
March 28 2024 - 4:05PM
Wintrust Financial Corporation (Nasdaq:WTFC) today announced that
Wintrust Community Banks received the award for ranking highest in
the J.D. Power 2024 U.S. Retail Banking Satisfaction Study in the
Illinois Region for the third consecutive year. The J.D. Power
study is based on rating responses from 105,355 retail banking
customers in seven dimensions. This year’s honor continues
Wintrust’s ranking as the highest in Illinois in both 2022 and
2023.
Timothy S. Crane, President and Chief Executive
Officer of Wintrust, commented, “This honor demonstrates the
passion and commitment our banks and bankers bring to our customers
every day. We work hard to earn the trust of our customers — going
the extra mile whenever it is needed, protecting their financial
futures, supporting them through challenging times, and helping
make their dreams become reality. On behalf of the 5,200 Wintrust
employees, I am pleased to accept this honor and the badge of trust
that it instills. We will continue to invest in new products and
services that reinforce our message that ‘where you bank matters.’
Whether that is through the continued expansion of our services,
additions to our branch network, or enhancements of our digital
bank offerings, we will explore ways to further connect and engage
with our customers.”
During the past year, Wintrust has taken robust
actions to better support our customers, including:
- Eliminating all overdraft and item return fees effective March
1, 2023, for consumer deposit accounts and continuing to offer
accounts that are free of monthly service fees and include low
cost, or no cost, access to ATMs nationwide.
- Investing in growing our branch network, opening new locations
including a banking center in Bonita Springs, Florida, and the new
South Side Community Bank location in the Woodlawn neighborhood of
Chicago.
- Acquiring the U.S. asset management business of a well-known
and respected international organization. The acquired business
merged into Wintrust’s asset management subsidiary, Great Lakes
Advisors, LLC.
The J.D. Power Award follows other recent
accolades that Wintrust has received including:
- The Greenwich Excellence Awards
from Coalition Greenwich in the U.S. Middle Market and Small
Business Banking categories for the ninth year in a row;
- Multiple Forbes rankings, including
recognition on the Global 2000, the 2023 Best Banks in America, and
America’s Most Cybersecure Banks 2024 rankings; and
- The Chicago Tribune Top Workplaces
Award for the tenth year in a row.
About WintrustWintrust is a
financial holding company with assets of approximately $56 billion
whose common stock is traded on the NASDAQ Global Select Market.
Built on the “HAVE IT ALL” model, Wintrust offers sophisticated
technology and resources of a large bank while focusing on
providing service-based community banking to each and every
customer. Wintrust operates 15 community bank subsidiaries, with
over 170 banking locations located in the greater Chicago and
southern Wisconsin market areas. Additionally, Wintrust operates
various non-bank business units including business units that
provide commercial and life insurance premium financing in the
United States, a premium finance company operating in Canada, a
company providing short-term accounts receivable financing and
value-added out-sourced administrative services to the temporary
staffing services industry, a business unit engaging primarily in
the origination and purchase of residential mortgages for sale into
the secondary market throughout the United States, and companies
providing wealth management services and qualified intermediary
services for tax-deferred exchanges.
FOR MORE INFORMATION CONTACT: Timothy S. Crane,
President & Chief Executive OfficerDavid A. Dykstra, Vice Chair
& Chief Operating Officer 847-939-9000 Website:
wintrust.com
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