-+ 0.00%
-+ 0.00%
-+ 0.00%

Byline Bancorp agrees to buy Illinois State Bancorp in $87.9 million cash-and-stock deal

PUBT·10/06/2026 20:10:30
Listen to the news
Byline Bancorp agrees to buy Illinois State Bancorp in $87.9 million cash-and-stock deal
  • Illinois State Bancorp to merge into Byline Bancorp in a cash-and-stock deal valued at about $87.9 million.
  • Consideration includes about 1,400,000 Byline shares, USD 28.9 million cash, plus USD 5.1 million for option settlements.
  • Implied value of about USD 261.23 per Illinois State Bancorp share, based on Byline’s Oct. 5, 2026 close of USD 37.63.
  • Combined bank expected to operate 48 branches with about $10.5 billion assets, $8.0 billion loans, $8.4 billion deposits.
  • Closing targeted for the first quarter of 2027, subject to regulatory clearances and Illinois State Bancorp shareholder approval.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Byline Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610061610BIZWIRE_USPR_____20261006_BW544427) on October 06, 2026, and is solely responsible for the information contained therein.