At a time when many banks are scaling back on brick-and-mortar locations, Town Bank is raising its profile by doing just the opposite — and doing it in Milwaukee.
Over the past year, Town Bank, the Hartland-based Wisconsin subsidiary of Wintrust Financial Corp., has established four bank branches in Milwaukee and recently introduced its downtown Wintrust Financial Center, which will be the company's state headquarters for commercial banking at 731 N. Jackson St.
In addition to taking over the Marquette University Alumni Memorial Union branch on campus this year, Town Bank made a commitment to the school to invest $12 million over 10 years to fund scholarships, athletic and educational programming, and other events. It also is helping with Marquette’s new program for training future bankers.
Jay Mack, chairman, president and chief executive officer of Town Bank, said the expansion is the result of a strategic decision by Wintrust to heighten its visibility in Milwaukee, where it sees potential to provide banking services to more businesses and consumers.
Read more in the Milwaukee Journal Sentinel.