Byline Bancorp to acquire Inland Bancorp for ~$165M in cash and stock

BYLINE BANCORP, INC.

Transaction valued at ~$165M: 6.4M Byline shares plus $22.9M cash; $4.90 per Inland share.
Expected close Q2 2023; subject to regulatory approvals and Inland stockholder approval.
Pro forma combined: ~$8.5B assets, 47 branches across greater Chicago area.
Expected EPS accretion of 8.1% in 2023 and 10.7% in 2024; TBV earnback ~2.7 years.
Pre-tax cost savings estimated at ~30% of Inland's expense base.

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