Byline Bank
 | |
| Private | |
| Industry | Finance |
| Founded | 1978[1] |
| Headquarters | Chicago, Illinois, USA |
Number of locations | 87 branches |
Area served | Chicago metropolitan area |
Key people | Alberto Paracchini ,President & CEO |
| Products | Banking |
| Website |
www |
Byline Bank is an American bank based in Chicago. It operates eighty-seven bank branches in the Chicago metropolitan area.[1][2] The bank came close to failing in 2013 before obtaining new investment from BXM Holdings.
History
In 2009, Metropolitan Bank Group accepted US$71.5 million from the Troubled Asset Relief Program during the 2007–2012 global financial crisis.[1][3][4] In 2013, it received a US$207 million investment from BXM Holdings LLC, which was headed by Chicago banker Roberto Herencia. The bank was under several consent orders and was within weeks of being closed by federal regulators. [5]
In 2015, Metropolitan Bank Group renamed itself and all its subsidiaries to the new name, Byline Bank.[2]
Locations
Mapped locations of branches and ATM machines.
Former subsidiary banks
- Allegiance Community Bank[4]
- Archer Bank[6]
- Chicago Community Bank[6]
- Citizens Community Bank[6]
- Community Bank of DuPage[6]
- First Commercial Bank[6]
- Metrobank[6]
- North Community Bank[6]
- Oswego Community Bank[6]
- Plaza Bank[6]
References
- 1 2 3 Yerak, Becky (2012-04-23). "Investor to pump $150M into Metropolitan Bank". Chicago Tribune. Retrieved 2012-07-03.
- 1 2 Daniels, Steve (2015-03-18). "Meet the biggest bank in Chicago you never heard of". Crain's Chicago Business. Retrieved 2015-07-23.
- ↑ Daniels, Steve (2012-04-23). "Herencia-led group agrees to rescue Fasseas family banks". Crain's Chicago Business. Retrieved 2012-07-03.
- 1 2 Daniels, Steve (2010-04-09). "Metropolitan Bank Group cuts salaries, headcount -- and a bank". Crain's Chicago Business. Retrieved 2012-07-03.
- ↑ "Metropolitan Bank deal closes". Chicago Tribune. June 28, 2013.
- 1 2 3 4 5 6 7 8 9 Yerak, Becky (2011-01-19). "Metropolitan group banks warned about capital". Chicago Breaking Business. Retrieved 2012-07-03.