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The merger solidifies BY's market position and enhances growth potential, similar to past successfully executed mergers.
What happened, with direct paths to the underlying reporting
Byline Bancorp merges with First Security Bancorp for $41 million. Expected to position BY as Chicago's largest community bank. Merger likely yields mid-single digit earnings growth for BY. Cost savings anticipated, mostly in 2025 and fully realized by 2026. BY shares have outperformed industry, gaining 28.3% over 6 months.
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