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Chicago & Midwest  + Greater Chicagoland  + Finance  | 
Timothy Crane has been named CEO of Wintrust Financial Corporation in a planned succession to succeed Edward Wehmer, who co-founded the company in 1991

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. 


Inside The Story

Wintrust Financial

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).