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 . . .

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