AcquisitionOct 6, 2026Pending
🇺🇸 United States
ISIllinois State Bancorp, Inc.BBByline Bancorp, Inc.
Financial Institutions › Banks
Equity value$87.9MEquity value
AnnouncedOct 6, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Byline Bancorp, Inc. agreed to acquire Illinois State Bancorp, Inc. in a cash and stock transaction valued at approximately $87.9 million, issuing about 1.4 million shares and paying $28.9 million in cash to Illinois State Bancorp shareholders, plus approximately $5.1 million in cash to settle outstanding stock options.
Deal rationale
The transaction is intended to enhance Byline's presence throughout the Chicago market by adding a stable core deposit base, expanding customer relationships, and increasing market density across key communities.
AI-generated from the SEC filingPendingFinancial Institutions › BanksUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $87.9M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
None listed
Sell-side
DAD.A. Davidson & Co.
Parties
Target
ISIllinois State Bancorp, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
BBByline Bancorp, Inc.
- Headquarters
- United States
- Ticker
- —