Wintrust Financial Corporation appointed Timothy S. Crane to the Wintrust Board of Directors effective immediately. Edward J. Wehmer, who will resign as Chief Executive Officer of the Company and assume assume the role of Executive Chairman through May 23, 2024. Mr. Wehmer has also agreed to serve as Founder and Senior Advisor from the Effective Date through December 31, 2026.

H. Patrick Hackett, Jr. will continue to serve as non-executive Chairman of the Board and will have the additional title of Lead Independent Director as of the Effective Date. Mr. Crane, age 61, joined the Company in 2008. Mr. Crane has served as the Company's President since February 2020 and as the Company's Treasurer since January 2016, overseeing the Company's subsidiary banks, banking operations, and treasury business, including by serving as Chairman of the Company's two largest bank subsidiaries, Lake Forest Bank & Trust and Wintrust Bank.

Prior to joining the Company, Mr. Crane served as President of Harris Bankcorp in Chicago where he was employed for 24 years. Tim Crane joined Wintrust in 2008 and has served as President of Wintrust since January, 2020. Prior to joining Wintrust, Crane worked in the banking industry for over 24 years, most recently as President of Harris Bankcorp in Chicago.

He is highly active in the Chicago community, currently serving on the board of directors for Metropolitan Family Services, the Bank Administration Institute, Chicago United, and DePaul University. He is a former board member of the Metropolitan Planning Council.