Byline Bancorp (BY) said Tuesday it has completed its merger with First Security Bancorp in a deal valued at about $41.5 million.
Under the merger's terms, each share of First Security Bancorp's stock was converted into the right to receive 2.3539 Byline Bancorp common stock, while First Security's preferred shares were redeemed for about $2.4 million in cash before closing.
Byline said the deal brings Byline's total assets to about $9.8 billion, based on year-end 2024 figures.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.