Byline Bank
A Chicago-based regional bank and primary banking subsidiary of Byline Bancorp, Inc., with a strong position in small-business and SBA lending.
Last updated August 26, 2026
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Overview
Byline Bank is a regional commercial bank headquartered in Chicago, Illinois, and the principal banking subsidiary of Byline Bancorp, Inc. Its business is centered on serving small and medium-sized businesses, commercial customers, professionals, and consumers, with a geographic emphasis on the Chicago metropolitan area and broader Illinois banking markets. The bank is also identified as one of the United States' significant Small Business Administration 7(a) lenders, giving government-backed small-business financing an important place in its profile. The institution traces its origins to 1978, when the Fasseas family established Metropolitan Bank Group after acquiring North Community Bank. Under family ownership, the organization expanded from a single location into a network of more than 90 branches across the Chicago metropolitan area. This expansion made the bank a substantial local deposit-taking and lending institution before the financial crisis of 2008 placed pressure on its balance sheet and operating model. In 2009, during the government response to the financial crisis, the bank accepted $71.5 million through the Troubled Asset Relief Program. The subsequent restructuring of ownership and capital was a major turning point. In 2013, BXM Holdings LLC purchased and recapitalized the bank with a reported $207 million investment. The recapitalization created the platform for a later consolidation and regional growth strategy. The organization adopted the Byline identity during a broader corporate reorganization. Byline Bancorp, Inc. was established about a year before the acquisition of Ridgestone Bank, and in 2015 the bank consolidated its subsidiaries under the Byline Bank name. This naming structure positioned Byline Bank as the operating banking brand while Byline Bancorp served as the holding-company entity. Byline Bancorp became a public company through an initial public offering in June 2017. After the offering, Byline Bank continued to expand through acquisitions. In May 2018, the organization acquired First Evanston Bancorp in a cash-and-stock transaction valued at approximately $178.6 million. In April 2019, it acquired shares of Oak Park River Forest Bank for approximately $40.0 million in cash and stock. These transactions strengthened Byline's presence in established Illinois communities and reflected a strategy of combining organic banking operations with selective consolidation. The bank continued this approach with the acquisition of Inland Bank. Byline entered into a merger agreement in December 2022, with the transaction valued at approximately $165 million in cash and stock. The merger was completed in July 2023. On April 1, 2025, Byline completed another merger, this time with First Security Bank. The transaction had an approximate value of $41.5 million; under the agreement, each share of First Security common stock was converted into the right to receive 2.3539 shares of Byline common stock. Byline Bank's identity is therefore shaped by local-market banking, commercial and small-business lending, government-supported SBA financing, and acquisition-led expansion. Its history combines a long-established Chicago-area branch network with post-crisis recapitalization, public ownership through Byline Bancorp, and continuing consolidation of community-bank operations. The available reference material does not establish a separate consumer-facing website, current executive roster, or detailed present-day product inventory, so those fields are left limited where specific evidence is unavailable.
History
Byline Bank began in 1978 as Metropolitan Bank Group, founded by the Fasseas family following the acquisition of North Community Bank. The organization grew from a single banking location into a network of more than 90 branches serving the Chicago metropolitan area. This early growth established the bank as a locally rooted institution with a substantial branch footprint and a focus on community and commercial banking. The 2008 financial crisis marked a difficult period for the organization. In 2009, the bank received $71.5 million from the Troubled Asset Relief Program, reflecting the capital pressures affecting financial institutions during the crisis and its aftermath. A further restructuring occurred in 2013, when BXM Holdings LLC purchased and recapitalized the bank with a reported $207 million investment. This transaction provided the capital base for a new phase of ownership and expansion. The institution subsequently reorganized its corporate identity. Byline Bancorp, Inc. was formed approximately one year before the acquisition of Ridgestone Bank, and in 2015 the organization's subsidiaries were consolidated under the Byline Bank name. The change created a unified operating brand for the bank while separating the customer-facing banking institution from its holding-company parent. Byline Bancorp entered the public markets in June 2017 through an initial public offering. Public ownership supported a strategy that combined continued operation of the Chicago-area franchise with acquisitions of other banking institutions. In May 2018, Byline acquired First Evanston Bancorp in a transaction involving cash and stock and valued at approximately $178.6 million. In April 2019, it acquired shares of Oak Park River Forest Bank for approximately $40.0 million in cash and stock. The acquisition program continued with Inland Bank. Byline announced a merger agreement in December 2022, with the transaction valued at approximately $165 million in cash and stock. The merger was completed in July 2023, further consolidating banking operations under the Byline name. On April 1, 2025, Byline merged with First Security Bank in a transaction valued at approximately $41.5 million. The agreement provided for the conversion of each First Security common share into 2.3539 shares of Byline common stock. Across these stages, Byline evolved from a family-founded Chicago community bank into a publicly owned regional banking organization. Its business identity is associated with commercial and small-business banking, local-market deposits and lending, and SBA 7(a) financing. The bank is described as the fourth-largest SBA 7(a) lender in the available reference material. Specific current branch counts, executive appointments, financial performance figures, and product-level operating details are not established by the supplied sources.
- 2025
First Security Bank merger completed
[1]Byline completed its merger with First Security Bank on April 1, 2025.
- 2023
Inland Bank merger completed
[1]The Inland Bank merger was finalized in July.
- 2022
Inland Bank merger agreement
[1]Byline entered an agreement to acquire Inland Bank in a transaction valued at approximately $165 million.
- 2019
Oak Park River Forest Bank investment
[1]Byline acquired shares of Oak Park River Forest Bank for approximately $40.0 million in cash and stock.
- 2018
First Evanston Bancorp acquisition
[1]Byline acquired First Evanston Bancorp in a cash-and-stock transaction valued at approximately $178.6 million.
- 2017
Byline Bancorp completed its initial public offering
[1]The holding company became publicly traded in June 2017.
- 2015
Subsidiaries consolidated under the Byline Bank name
[1]Following the formation of Byline Bancorp, the organization's banking subsidiaries were brought together under the Byline Bank identity.
- 2013
BXM Holdings recapitalized the bank
[1]BXM Holdings LLC acquired and recapitalized the institution with a reported $207 million investment.
- 2009
Troubled Asset Relief Program investment
[1]The bank accepted $71.5 million in TARP funding during the financial crisis.
- 1978
Metropolitan Bank Group was founded
[1]The Fasseas family founded Metropolitan Bank Group after purchasing North Community Bank.
Products and positioning
A Chicago-centered regional commercial bank focused on small and medium-sized businesses, commercial customers, community banking, and SBA-backed lending.
Business banking
Commercial banking
Byline's core banking identity is commercial and community banking for businesses and organizations in its regional markets. The available material supports a focus on deposits, lending, relationship banking, and other services associated with a full-service regional bank, although it does not provide a complete current product catalog.
Small-business finance
SBA 7(a) lending
SBA 7(a) financing is a prominent part of Byline Bank's market profile. The bank is described in the reference material as the fourth-largest SBA 7(a) lender, indicating a substantial role in government-backed lending to eligible small businesses.
Business banking
Small-business banking
Small-business banking complements Byline's SBA activity and regional commercial-bank model. It is associated with business deposit relationships, credit, and banking support for smaller enterprises, but the supplied sources do not specify individual account names or service packages.
Lending
Commercial and real-estate lending
As a regional commercial bank, Byline participates in business lending and related credit services, including financing connected with commercial activity and real estate. Specific loan products, underwriting criteria, and current portfolio composition are not detailed in the supplied reference.
Brand decisions
2025
Merger with First Security BankM&ABackground
Byline pursued another community-bank combination as part of its continuing regional consolidation strategy.
Action taken
The merger closed on April 1, 2025. Each First Security common share was converted into the right to receive 2.3539 Byline common shares.
Aftermath
First Security Bank was combined with Byline under the terms of the stock-based transaction.
Approximate transaction valuation. $41.5 million (April 1, 2025 closing)
2022
Merger agreement with Inland BankM&ABackground
Byline continued its acquisition-led regional banking strategy after becoming a public company.
Action taken
Byline entered a merger agreement to acquire Inland Bank for cash and stock.
Aftermath
The transaction closed in July 2023 and brought Inland Bank into the Byline organization.
Announced transaction value. Approximately $165 million (December 2022 agreement; completed July 2023)
2019
Oak Park River Forest Bank investmentM&ABackground
Byline continued to build its regional franchise through bank ownership and consolidation.
Action taken
Byline acquired shares of Oak Park River Forest Bank in a cash-and-stock transaction.
Aftermath
The investment added to Byline's Chicago-area banking presence.
Transaction value. $40.0 million (April 2019)
2018
Acquisition of First Evanston BancorpM&ABackground
Byline pursued regional expansion through the acquisition of another Illinois banking organization.
Action taken
Byline acquired First Evanston Bancorp in a cash-and-stock transaction.
Aftermath
The transaction expanded Byline's Illinois banking platform.
Transaction value. $178.6 million (May 2018)
2017
Initial public offering of Byline BancorpOtherBackground
After recapitalization and corporate consolidation, the parent company pursued public ownership.
Action taken
Byline Bancorp became a public company through an initial public offering in June 2017.
Aftermath
The public-company structure supported the group's subsequent acquisition activity, although the supplied reference does not provide offering size or pricing details.
2015
Consolidation under the Byline Bank brandStrategyBackground
The organization had adopted the Byline Bancorp holding-company structure and was preparing for further banking expansion.
Action taken
The organization's subsidiaries were consolidated under the Byline Bank name.
Aftermath
Byline Bank became the unified operating brand for the banking business, while Byline Bancorp remained the parent holding company.
2013
Recapitalization by BXM HoldingsStrategyBackground
The bank had experienced pressure associated with the 2008 financial crisis and had received TARP funding in 2009. BXM Holdings subsequently purchased and recapitalized the institution.
Action taken
BXM Holdings LLC invested approximately $207 million in the purchase and recapitalization of the bank.
Aftermath
The recapitalization preceded the later Byline reorganization, public offering, and acquisition-led expansion.
Recapitalization investment. $207 million investment (2013)
Sources1 sources
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