Venable represented Wintrust Financial Corporation ("Wintrust"), as Maryland counsel, in connection with its acquisition of Community Financial Shares, Inc., a Maryland corporation ("CFIS"), which closed on July 24, 2015. CFIS is the parent company of Community Bank-Wheaton/Glen Ellyn, an Illinois-state chartered bank, which operated four banking locations in Illinois. In the transaction, shares of CFIS preferred stock were converted into CFIS common stock immediately prior to the merger. Shares of CFIS common stock outstanding at the time of the merger were converted into the right to receive merger consideration paid in a combination of cash and shares of Wintrust common stock. The aggregate purchase price was approximately $42.4 million.
Venable's team included Jim Hanks, Mike Schiffer, Brian Field and Petra Bondra.