Bank Performance

Public offering, acquisitions shape business at Byline Bank

Commenting to a business magazine on the future plans of Byline Bancorp Inc., chairman Roberto Herencia said, “We have a management team that is capable of running a much larger and more complex organization.”

That was in June, right as Byline launched the first Chicago area public offering of a bank stock in 15 years. Fast forward five months and Herencia’s words translated to action with its announced deal to purchase First Evanston Bancorp, Inc., in a stock and cash transaction deal valued at $169 million. [Continue]

Midland States Bancorp catches eyes of investors, community bankers

Midland States Bancorp, Inc., has concluded its purchase of fellow Illinois bank Centrue Financial Corp. That marks the 12th acquisition since 2008 by the Effingham, Ill.-based operator of Midland States Bank. There could be more, as Midland States has fresh SEC permission to sell as much as $165 million of new stock “to support the continued implementation of our organic and acquisitive growth strategies,” said Leon J. Holschbach, president and CEO. [Continue]