Can't Figure out what type of Tree this IS???

Hi guys and Ladys I am new this site and this is my first post here hope I have not broken any rules by asking this question. I am going to transplat a tree into my yard that I found in the wild today. It has very pretty Snapdragon like blooms all over it. There where some larger trees around it some almost 35 feet high. Desidiuous i beleive I am going to attach a picture maybe someone out there can help me identify it???

 

Catalpa speciosa

in the Bignoniaceae

 

Thanks alot do you know much about this spieces of tree i.e. would it be okay to trasplant into my yard to grow. As well do you know of any special growing considerations.

Thanks a million for the help

 

I wouldn't dig this up in July, it will shrivel. Maybe just buy one at a nursery instead.

 

Question unfortunalty the deed is already done. It is about 7 feet high and appears to be a sion or off shoot off a larger stump that was in the ground thought it was a tree of its own but when I started diging down abot 2.5 feet i found out what it was. Anyhow it is in my yard now I have it well staked and have given some fertilzer and plenty of water. I will continue to water well. Has started to shirivel some after about 24hrs any thought on prognosis?

 

The current leaves and flowers may die off but the plant may still live to sprout new growth next year. Water indeed and water deeply, but don't drown the poor thing - depending on temps, maybe once daily or every second day. Shade it with something if you've planted it in full sun. If this one doesn't make it you probably can buy seed or small trees.

Overall prognosis - this will get to be a darn big tree! But it's gorgeous. Here in Vancouver we have a street lined with mature ones on both sides.

 

Thanks Karin I have it in a location with partial shade although very little. I am watering it good every day. Fairly warm here and sunny. Still wilted but who knows. Hoping for a win on this time will tell. I also have a mature grape vine mature plum and a new pear tree. I have some real nice blue spruces as well, that really enjoy the environment here and have an almost incandesent blue to them. I think mabey the pride of the yard. Anyhow got a wound foot long crack in plum trying everything to win that fight love that tree. Using inscectidale soap and have treated crack with Pruning paste that is natural made partialy with bee wax I beleive. Wish me luck and happy Gardning

 

Just want to thanks Ron B and KarinL for there help and input. I will let ya know how it goes.
Till then stay green

 

O ya last but not least I would like to thank pierrot for his initial answer.