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Announced

Completed

Byline Bancorp completed the merger with Inland Bancorp in a $165m deal.

Financials

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Transaction Value£137m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Public

Single Bidder

Acquisition

Domestic

Banks

Friendly

commercial banking

Completed

Synopsis

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Byline Bancorp, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers, completed the merger with Inland Bancorp, a commercial bank, in a $165m deal. “Inland Bank and Trust is a well-established and trusted financial institution with deep client and community relationships, which we look forward to continuing. Joining forces with Inland Bancorp brings to all of our customers an expanded footprint across Chicago. We are very excited to welcome Inland Bancorp customers and colleagues to Byline," Roberto Herencia, Byline Bancorp Executive Chairman and CEO.

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