Byline Bancorp (BY) and Inland Bancorp, Inc. Announce Definitive Merger Agreement
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Byline Bancorp, Inc. and Inland Bancorp, Inc. Announce Definitive Merger Agreement
November 30, 2022 4:30 PM ESTCHICAGO & OAK BROOK, Ill.--(BUSINESS WIRE)-- Byline Bancorp, Inc. (Byline or the Company) (NYSE: BY), and Inland Bancorp, Inc. (Inland Bancorp) today jointly announced that they have entered into a definitive merger agreement pursuant to which Inland Bancorp and its wholly owned subsidiary, Inland Bank and Trust, will combine with Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $165 million based upon Bylines closing stock price as of November 29, 2022.
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