M&A Deal Summary

Byline Bank Acquires First Evanston Bancorp.

On November 27, 2017, Byline Bank acquired financial services company First Evanston Bancorp. for 169M USD

Acquisition Highlights
  • This is Byline Bank’s 1st transaction in the Financial Services sector.
  • This is Byline Bank’s largest (disclosed) transaction.
  • This is Byline Bank’s 1st transaction in the United States.
  • This is Byline Bank’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-11-27
Target First Evanston Bancorp.
Sector Financial Services
Buyer(s) Byline Bank
Deal Type Add-on Acquisition
Deal Value 169M USD
Advisor(s) Piper Jaffray Companies (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

First Evanston Bancorp.

Evanston, Illinois, United States
website
First Evanston Bancorp., Inc. is a financial services and bank holding company engages in community and commercial banking and wealth management services. First Bank & Trust operates 10 bank locations throughout the north and west Chicagoland area.

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Buyer(S) 1

Buyer

Byline Bank

Chicago, Illinois, United States

website


Category Company
Founded 1914
Sector Financial Services
Employees977
Revenue 320M USD (2022)
DESCRIPTION

Byline Bank is a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $3.3 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top 10 Small Business Administration lenders in the United States. Byline Bank was incorporated in 1914 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 2
Country (United States) 1 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Oak Park River Forest Bankshares

Oak Park, Illinois, United States

Oak Park River Forest is the parent company of Community Bank of Oak Park River Forest, a full-service community bank that offers commercial, retail, and mortgage banking services through its headquarters in downtown Oak Park and its two additional branch locations in River Forest and south Oak Park. Community Bank was founded in 1996 and has since grown to over than $300 million in assets and 15,000 customer accounts, with an emphasis on serving its local retail, business, and non-profit communities.

Buy $42M