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● M a i n p a g e ● C o n t e n t s ● C u r r e n t e v e n t s ● R a n d o m a r t i c l e ● A b o u t W i k i p e d i a ● C o n t a c t u s ● D o n a t e
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Search
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P e r s o n a l t o o l s
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P a g e s f o r l o g g e d o u t e d i t o r s l e a r n m o r e ● C o n t r i b u t i o n s ● T a l k
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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Byline Bank is a bank headquartered in Chicago , Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company . As of 31 December 2019[update] branches , 56 of which were in the Chicago metropolitan area . It is the 4th largest Small Business Administration lender.[1]
History [ edit ]
The company was founded in 1978 by the Fasseas family as Metropolitan Bank Group after the purchase of North Community Bank.[2] Chicago metropolitan area before suffering in the financial crisis of 2007-08 .[3]
In 2009, it accepted $71.5 million from the Troubled Asset Relief Program .[2] [4] [5] recapitalized the bank with a $207 million investment.[3]
A year before acquiring Ridgestone Bank,[6] [7] [8]
In June 2017, the company became a public company via an initial public offering .[9] [10] [11] [12]
In April 2019, the company acquired Oak Park River Forest Bank shares for $40.0 million in cash and stock.[13] Inland Bank valued at approximately $165 million in cash and stock[14] [15]
References [ edit ]
^ a b Daniels, Steve (June 28, 2013). "Sale of Fasseases' Metropolitan Bank Group final" Crain Communications
^ Daniels, Steve (April 23, 2012). "Herencia-led group agrees to rescue Fasseas family banks" Crain Communications
^ Daniels, Steve (April 9, 2010). "Metropolitan Bank Group cuts salaries, headcount -- and a bank" Crain Communications
^ "Byline Bancorp, Inc. Announces Bruce Lammers to Retire from Byline Bank" (Press release). Business Wire . May 15, 2019.
^ Schuyler, David (June 9, 2016). "Ridgestone Financial to be purchased by Chicago's Byline Bancorp" . American City Business Journals
^ Daniels, Steve (March 19, 2015). "Meet the biggest bank in Chicago you never heard of" Crain Communications
^ "Byline Bancorp Announces Pricing of Initial Public Offering" (Press release). Business Wire . June 29, 2017.
^ Daniels, Steve (June 30, 2017). "Byline is Chicago's newest publicly traded bank" Crain Communications
^ Zumbach, Lauren (June 30, 2017). "Byline Bancorp shares begin trading on New York Stock Exchange" Chicago Tribune
^ "Byline Bancorp, Inc. Completes the Acquisition of First Evanston Bancorp" (Press release). Business Wire . May 31, 2018.
^ "Byline Bancorp, Inc. Completes the Acquisition of Oak Park River Forest Bankshares" (Press release). Business Wire . April 30, 2019.
^ "Byline Bank to Merge with Inland Bank & Trust" .
^ "Byline Bancorp, Inc. Completes the Merger with Inland Bancorp, Inc" . Business Wire . Retrieved 2023-08-17 .
External links [ edit ]
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Byline_Bank&oldid=1190761928 " C a t e g o r i e s : ● 1 9 7 8 e s t a b l i s h m e n t s i n I l l i n o i s ● 2 0 1 7 i n i t i a l p u b l i c o f f e r i n g s ● A m e r i c a n c o m p a n i e s e s t a b l i s h e d i n 1 9 7 8 ● B a n k s e s t a b l i s h e d i n 1 9 7 8 ● B a n k s b a s e d i n C h i c a g o ● C o m p a n i e s l i s t e d o n t h e N e w Y o r k S t o c k E x c h a n g e H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m D e c e m b e r 2 0 1 9 ● A l l a r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s
● T h i s p a g e w a s l a s t e d i t e d o n 1 9 D e c e m b e r 2 0 2 3 , a t 1 8 : 0 8 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
$216 million (2019)
