
Wintrust Financial Names New CEO in Planned Succession
Wintrust Financial Corporation, headquartered in Rosemont, IL, has named president Timothy Crane to the additional role of CEO in a planned succession. He will succeed Edward Wehmer, who co-founded the bank in 1991 and has served as its CEO since 1998.
“Wintrust’s rise from one location with 12 employees and zero assets to a diversified banking and financial services enterprise with 5,200 employees, over 170 banking locations and $53 billion in assets represents an unprecedented success story that would not have taken place absent Ed’s extraordinary leadership,” said board chairman H. Patrick Hackett Jr.
Crane joined Wintrust in 2008 and has served as its president since January 2020. Prior to joining Wintrust, Crane worked in the banking industry for more than 24 years, most recently as president of Harris Bankcorp in Chicago.
Wehmer will continue to serve as founder and CEO through April 30 to ensure a smooth leadership transition.