Byline Bank

Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company., it operated 57 branches, 56 of which were in the Chicago metropolitan area. It is the 4th largest SBA 7 lender.

History

The company was founded in 1978 by the Fasseas family as Metropolitan Bank Group after the purchase of North Community Bank. The family grew the bank from a single location to more than 90 branches in the Chicago metropolitan area before suffering in the 2008 financial crisis.
In 2009, it accepted $71.5 million from the Troubled Asset Relief Program. In 2013, BXM Holdings LLC, led by Roberto Herencia, purchased and recapitalized the bank with a $207 million investment.
A year before acquiring Ridgestone Bank, the company was renamed Byline Bancorp Inc. in 2015 and consolidated all its subsidiaries under the name Byline Bank.
In June 2017, the company became a public company via an initial public offering. In May 2018, the company acquired First Evanston Bancorp for $178.6 million in cash and stock.
In April 2019, the company acquired Oak Park River Forest Bank shares for $40.0 million in cash and stock. In December 2022, Byline entered merger agreement and acquired Inland Bank valued at approximately $165 million in cash and stock - the merger was completed in July 2023.