Founded in 1978, Byline Bancorp, Inc. (NYSE: BY) (“Byline” or “the company”) is a bank holding company that primarily reflects the operations of its lead subsidiary, Byline Bank (“the bank”), which operates more than 40 banking locations throughout the Chicago/Milwaukee metro regions.
Following the assumed control and recapitalization in 2013, Byline’s new leadership has achieved meaningful balance sheet growth, which has been accomplished through its IPO (2017) and five closed acquisitions since that time. Most recently, BY closed the merger with $1.2 billion-asset Inland Bancorp, Inc. at the start of 3Q23, which strengthened its presence in the western region of Chicago. With total assets and deposits of $9.4 billion and $7.4 billion, respectively, Byline is well positioned to continue to capture organic market share as one of the only community banks with scale operating in the greater Chicago region, which has been partially supported by recent…
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