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Ed Wehmer is fond of recalling the night in 1991 when he bribed a couple banker buddies with beer and cigars to help refine his vision for a new community bank in the upscale Chicago suburb of Lake Forest. “We got a case of Heinekens and a box of cigars and ran the numbers,” he says. By the end of the night, “I said, ‘We could probably do this. I think it will work.’” Lake Forest Bank & Trust Co. got its start a few months later in an 1,100 square-foot office and grew rapidly. In 1993, Wehmer started a…
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WRITTEN BY
John Engen
Contributing Writer
John Engen is a contributing writer for Bank Director. He has more than 30 years of experience as a business journalist, writing for a variety of newspapers and magazines, and was a foreign correspondent for the Associated Press. He graduated with a degree in economics and international relations from the University of Minnesota and did his post-graduate work in Asian studies at the University of Hawai’i.