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

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

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+0.9%Current Return
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+0.83%S&P 500
$26.1604/01 07:19 AM EDTEvent Start
$26.39504/02 02:00 PM EDTLatest Updated
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FAQ

Why Bullish?

The merger increases assets significantly, a positive indicator for future growth. Historically, mergers in banking often lead to enhanced market positioning and improved profitability.

How important is it?

The completion of the merger indicates significant corporate growth and market expansion potential, relevant to BY's future valuation.

Why Long Term?

The merger's effects on growth and market strategy will unfold over several quarters. Past mergers, like those in 2010 and 2018, took time to show full benefits.

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FHNKEYPNC
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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