Wintrust Financial Corp. of Lake Forest, Ill., announced it has purchased an equipment leasing and financing firm for an undisclosed amount.

The firm, Medical and Municipal Funding Inc., of Deerfield, Ill., provides leases and financing for area hospitals, schools, local governments, and businesses. Under Wintrust's ownership, MMFI operates as a division of Wintrust's lead bank, Lake Forest Bank and Trust Co. MMFI's executives and staff have been retained.

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