Byline Bancorp Enters $41M Merger Agreement With First Security
TBBKThe Bancorp(TBBK) ZACKS·2024-10-01 23:16

In an effort to strengthen its position in Chicago, Byline Bancorp, Inc. (BY) has entered a cash and stock merger deal worth $41 million with First Security Bancorp, Inc. Per the agreement, the latter and its subsidiary, First Security Trust and Savings Bank, will combine with Byline Bancorp. The completion of the deal, subject to regulatory approvals, the approval of First Security's stockholders and the satisfaction of certain other closing conditions, is expected in the second quarter of 2025. Headquarte ...