Wintrust Financial announced that its unit Wintrust Private Trust Company has agreed to acquire the guardianship services business of Northern Trust for an undisclosed amount. The deal, expected to close later in 2026, involves a business that provides court-appointed fiduciary and financial oversight for individuals unable to manage their own affairs, managing about $1.2 billion in assets. Wintrust said the acquisition will expand its guardianship services in Chicago and surrounding counties, and the guardianship team will move to Wintrust after closing. Northern Trust shares edged up 0.03 percent to $181.20 after hours, while Wintrust shares closed 0.99 percent higher at $162.79.
Wintrust Financial CorporationWintrust is acquiring a guardianship business that expands its services, a positive M&A deal.
Northern Trust CorporationNorthern Trust is selling a small business unit; the impact is minimal and the stock barely moved.