Top Producing Wholesale Lending Operation Joins WestAmerica Mortgage Company

December 14, 2006 (PRLEAP.COM) Business News
WestAmerica Mortgage Company, a subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC) has announced that industry veterans and top producing wholesale team of Matt Allison and Raymond Munnings, along with their Account Executives and support staff have joined the company.

John Morelli, Director of Corporate Development commented on WestAmerica's recent addition: "Matt Allison and his team are some of the most successful and capable sales and operations talent in the wholesale mortgage origination business. WestAmerica is fortunate to be able to welcome these skilled professionals onto our team. Matt's group will enable our company to significantly increase our wholesale originations and supplement our existing wholesale production platform with additional high credit quality loan production. This will allow us to spread our core costs over a greater loan volume." Mr. Morelli concluded, "I would also like to thank David Hrobon, SVP of Production and Sherri Smith, SVP of Wholesale for their substantial roles in bringing this great team to WestAmerica".

About WestAmerica Mortgage Company

WestAmerica has been in the mortgage banking business since 1978, and merged with Lake Forest, IL based Wintrust Financial Corporation in 2004. WestAmerica Mortgage Company has been recognized as one of the largest privately held mortgage lenders in the nation and, according to Crain’s Chicago Business, WAMC was the largest residential mortgage lender in the Chicago area based on 2002 total residential real estate loan volume.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact, including, but not limited to earnings guidance and forecasts, and projections of financial results, may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the Company's actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the potential fluctuations in the Company's operating results; the Company's potential need for additional capital, the direction of interest rates and their subsequent effect on the Company's business, federal and state regulation of mortgage banking; the Company's competition; the Company's ability to attract and retain skilled personnel; and those risks and uncertainties discussed in filings made by the Company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in the Company's Registration Statement on Form S-3 as filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.