Report|18 Mar 2025

Byline Bancorp, Inc. Surveillance Report

Company Profile

  • 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 46 branches throughout the Chicago and Milwaukee metro regions.
  • Following the recap in 2013 led by some of the current executives and BOD members, which continues to result in a significant level of insider ownership (~30%), Byline has achieved considerable balance sheet growth, including 4 bank acquisitions that have strengthened its presence in Chicago and diversified its business lines. Most recently, BY announced the acquisition of First Security Bancorp, Inc. (closing 2Q25), adding ~$350 million in assets, a strong core deposit base, and liquidity to leverage, in Chicago’s western suburbs. This deal moves Byline closer to the $10 billion asset threshold, for which management has been actively preparing through investments in infrastructure, risk…
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