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Byline Bancorp, Inc. Completes the Merger with First Security Bancorp, Inc.

1. Byline Bancorp completes merger with First Security Bancorp, enhancing assets to $9.8 billion.

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FAQ

Why Bullish?

The merger increases total assets significantly, which can lead to growth. Historically, similar mergers have improved stock performance for the acquiring company.

How important is it?

The merger indicates strategic growth, impacting investor confidence and market perception positively.

Why Long Term?

The benefits from the merger will materialize over time through enhanced profitability and market position.

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FRCJPMC
CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (“Byline”) (NYSE: BY), the parent company of Byline Bank, announced today that it has completed its merger with First Security Bancorp, Inc. (“First Security Bancorp”) and its wholly owned bank subsidiary, First Security Trust and Savings Bank (“First Security”). As a result of the transaction, effective April 1, 2025, First Security merged with and into Byline Bank. The transaction brings Byline's total assets to approximately $9.8 billion, based.

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