Byline Bancorp to Acquire Illinois State Bancorp in $87.9 Million Cash-and-Stock Deal
October 8, 2026
Byline Bancorp agreed to acquire Illinois State Bancorp in a cash-and-stock transaction valued at approximately $87.9 million. Following the deal, Illinois State Bancorp and its wholly owned banking subsidiaries will merge with Byline, expanding Byline’s presence across the Chicago market.
- Buyers
- Byline Bancorp
- Targets
- Illinois State Bancorp, First Nations Bank, The Bank of Bourbonnais
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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