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Byline Bancorp Inc   (BY)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Byline Bancorp Inc

Business Description


Byline Bancorp Inc. is a financial holding company, founded in 1978, based in Chicago, Illinois, United States. It was formerly known as Metropolitan Bank Group, Inc. and changed its name to Byline Bancorp, Inc. in August 201 The company?s primary business includes the provision of commercial banking products and services to small- and mid-sized businesses, commercial real estate investors, and individuals.

The company has a total of 57 branches and operates across six states - Illinois, Wisconsin, Indiana, Michigan, and Missouri. As of December 31, 2020, it had total assets of $39 billion, total deposits of $5.41 billion, and total loans of $5.27 billion.

Byline Bancorp Inc. offers a comprehensive range of banking products and services, including commercial lending, commercial real estate lending, commercial deposit and cash management services, retail banking, personal banking, mortgage lending, and private banking. Its commercial lending services include lines of credit, term loans, commercial real estate loans, equipment financing, and working capital loans. It also offers a range of deposit products, including savings, checking, money market, and certificate of deposit accounts.

The company has strategic relationships with various organizations, including the Chicagoland Chamber of Commerce, Illinois Bankers Association, Wisconsin Bankers Association, and International Association of Privacy Professionals. It is also a member of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA).

Byline Bancorp Inc. aims to provide innovative and personalized banking solutions to its customers, with a focus on building long-term relationships. The company has a strong commitment to corporate social responsibility and supports numerous charitable and community organizations across its markets.

In terms of financial performance, Byline Bancorp Inc. has consistently delivered strong results. In 2020, it generated a net income of $51.8 million, compared to $56.3 million in 2019. Its total assets increased from $6.97 billion in 2019 to $39 billion in 2020, demonstrating the company*s ability to effectively manage its growth.

Overall, Byline Bancorp Inc. is a well-established regional bank with a broad range of products and services, an extensive branch network, and a strong track record of performance. It remains focused on driving growth and delivering value to its customers, employees, and shareholders.



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