Byline Bancorp ( (BY) ) has shared an announcement.
On April 1, 2025, Byline Bancorp, Inc. completed its merger with First Security Bancorp, Inc. and its subsidiary, First Security Trust and Savings Bank. This merger, which was effective on the same date, increased Byline’s total assets to approximately $9.8 billion as of December 31, 2024. The merger agreement stipulated that each share of First Security Bancorp’s common stock was converted into 2.3539 shares of Byline common stock, with the total merger consideration valued at approximately $41.5 million. This strategic move is expected to strengthen Byline’s position as a leading commercial bank in Chicago by combining two strong, community-focused franchises, thereby enhancing its service offerings and market presence.
More about Byline Bancorp
Headquartered in Chicago, Byline Bancorp, Inc. is the parent company of Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas and offers a broad range of commercial and community banking products and services, including small ticket equipment leasing solutions. It is also one of the top Small Business Administration lenders in the United States.
YTD Price Performance: -9.48%
Average Trading Volume: 129,879
Technical Sentiment Signal: Sell
Current Market Cap: $1.17B
Learn more about BY stock on TipRanks’ Stock Analysis page.