After slamming on the brakes in 2006, Wintrust Financial Corp. in Lake Forest, Ill., is revving its growth engine once more.

The $12.8 billion-asset company on Friday purchased two of the seven banks that failed in the Chicago area the same day. While one of the pickups, Wheatland Bank in Naperville, fits with Wintrust's history of expanding into the outlying areas of the Windy City, the acquisition of Lincoln Park Savings Bank marks its first foray into the city of Chicago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.