Byline Bank

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.bylinebank.com

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.[6]

Former subsidiary banks

References

  1. 1 2 3 Yerak, Becky (2012-04-23). "Investor to pump $150M into Metropolitan Bank". Chicago Tribune. Retrieved 2012-07-03.
  2. 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.
  3. Daniels, Steve (2012-04-23). "Herencia-led group agrees to rescue Fasseas family banks". Crain's Chicago Business. Retrieved 2012-07-03.
  4. 1 2 Daniels, Steve (2010-04-09). "Metropolitan Bank Group cuts salaries, headcount -- and a bank". Crain's Chicago Business. Retrieved 2012-07-03.
  5. "Metropolitan Bank deal closes". Chicago Tribune. June 28, 2013.
  6. "Google Mapped Locations".
  7. 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.
This article is issued from Wikipedia - version of the Friday, January 08, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.