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Acquiring Company
Byline Bancorp
Acquired Company
Illinois State Bancorp
ChicagoUnited StatesFinancial ServicesLendingBankingFinancial ServicesFinanceLendingBankingDescription
Byline Bancorp, Inc. and Illinois State Bancorp, Inc. announced a definitive merger agreement. Illinois State Bancorp will merge with Byline in a cash and stock transaction valued at approximately $87.9 million. The deal enhances Byline's position in the market and expands its customer base. The merger reflects Byline's commitment to growth and community service.
Fundz sees it the moment Byline Bancorp makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Illinois State Bancorp?
Illinois State Bancorp was acquired by Byline Bancorp, based in Chicago. The deal was reported on October 6, 2026. Byline Bancorp, Inc. is a leading commercial bank in Chicago and the preeminent community bank with assets under $10 billion, $7.3 billion in loans, and $7.8 billion in deposits. Byline Bancorp is publicly traded (BY) and operates in Financial Services.
When did Byline Bancorp acquire Illinois State Bancorp?
Byline Bancorp's acquisition of Illinois State Bancorp was reported on October 6, 2026. Byline Bancorp, Inc. and Illinois State Bancorp, Inc. announced a definitive merger agreement. Illinois State Bancorp will merge with Byline in a cash and stock transaction valued at approximately $87.9 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Illinois State Bancorp do?
Illinois State Bancorp, Inc. is a bank holding company that oversees its wholly owned banking subsidiaries. The company primarily provides traditional banking services to local communities. It is privately held, operating in Financial Services, and is based in United States.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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