secwatch.observer — SEC 8-K summary
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Issuer:     BYLINE BANCORP, INC. (BY)
CIK:        0001702750
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0000950170-25-048037
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byline Bancorp completes $41.5M merger with First Security Bancorp, assets reach $9.8B
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- Merger closed April 1, 2025; First Security merged into Byline Bank, adding scale in Chicago metro.
- Total pro forma assets of approximately $9.8 billion as of December 31, 2024.
- Each First Security common share exchanged for 2.3539 shares of BY common stock.
- Total merger consideration valued at roughly $41.5 million; preferred shares redeemed for $2.4M cash.
- CEO Roberto Herencia highlighted strengthened community banking position in Chicago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702750/000095017025048037/0000950170-25-048037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702750/000095017025048037/by-20250401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-048037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer