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 purchased and recapitalized the bank with a $207 million investment.
A year before acquiring Ridgestone Bank, the company was renamed Byline Bancorp Inc. and consolidated all its subsidiaries under the name Byline Bank in 2015.
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 a merger agreement and acquired Inland Bank, valued at approximately $165 million in cash and stock. The merger was finalized in July 2023.
On April 1, 2025, Byline merged with First Security Bank, closing at an approximate $41.5 million valuation. Under the agreement, every share of First Security’s common stock was converted into the right to receive 2.3539 shares of Byline common stock.
$216 million (2019)