Byline Bancorp, Inc. announced on April 1, 2025, the successful completion of its merger with First Security Bancorp, Inc. and its wholly owned bank subsidiary, First Security Trust and Savings Bank. Effective on this date, First Security merged with and into Byline Bank, marking a significant expansion for Byline.
As a direct result of this transaction, Byline's total assets have increased to approximately $9.8 billion. This strategic acquisition enhances Byline's overall scale and strengthens its deposit base within its core operating markets.
The swift integration, completed within 207 days from its announcement, highlights Byline's proven capability in executing and integrating M&A. This successful merger positions Byline closer to the $10 billion asset threshold and supports its strategic goal of becoming the preeminent commercial bank in Chicago.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.