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Equity Research Coverage of Integrated Financial Holdings, Inc. – Q2 2020

Integrated Financial Holdings, Inc. (IFHI – OTC Pink) (Formerly West Town Bancorp, Inc.)

Background Integrated Financial Holdings, Inc. (“Integrated Financial”) is the Raleigh, NC based holding company for West Town Bank & Trust, a North Riverside, IL based state-chartered bank. (The name was recently changed to reflect the fact that its scope of services is much broader than a typical bank’s.) The Company is also the parent company of several subsidiaries, two of which are Windsor Advantage, LLC, (“Windsor”) a loan servicing company, and West Town Insurance Agency, Inc., an insurance agency. The Company is registered with, and supervised by, the Federal Reserve. West Town Bank & Trust’s primary regulators are the Illinois Department of Financial and Professional Regulation and the FDIC…

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