Byline Bancorp Completes Merger with First Security Bancorp

April 1, 2025

Byline Bancorp, Inc. completed its merger with First Security Bancorp, Inc., effective April 1, 2025, with First Security merged into Byline Bank. Under the terms, each share of First Security common stock was converted into 2.3539 shares of Byline common stock; the total merger consideration at closing was approximately $41.5 million and First Security preferred shares were redeemed for about $2.4 million. The transaction increases Byline's total assets to approximately $9.8 billion.

Buyers
Byline Bancorp, Inc.
Targets
First Security Bancorp, Inc.
Location
Illinois, United States
Transaction Type
Buyout

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