Wintrust Financial Corporation ("Wintrust") announced today that its wholly-owned subsidiary bank, Hinsdale Bank & Trust Company ("Hinsdale Bank"), has entered into a definitive agreement to sell the deposits and the current banking operations of Second Federal Savings and Loan, a branch of Hinsdale Bank ("Second Federal") to Self-Help Federal Credit Union
This is the fourth case this year of a bank being sold to a credit union
Self-Help FCU already has branches in North Carolina and California. After this transaction, it will have branches in Chicago. Self-Help FCU makes it easy for anyone to qualify for membership, and it has a long history of competitive CD rates (although its rates are a little low now).