2009-11-20 — chicagobusiness.com
" Baytree — formed nearly a decade ago by the late Howard Adams, a co-founder of Lake Forest-based Wintrust Financial Corp. — ran into serious trouble this year and is operating under a regulatory order requiring it to raise capital. Through the first nine months of the year, Baytree recorded a net loss of $11 million on $211 million in assets, mainly due to soured commercial and real estate loans."
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