Byline Bancorp Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 7.01. |
Regulation FD Disclosure. |
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On April 1, 2025, Byline Bancorp, Inc., a Delaware corporation (“Byline”), issued a press release announcing the completion of its previously announced merger with First Security Bancorp, Inc., a Delaware corporation (“First Security Bancorp”), and First Security Bancorp’s wholly owned bank subsidiary, First Security Trust and Savings Bank, an Illinois chartered bank. As a result of the transaction, effective April 1, 2025, First Security Trust and Savings Bank was merged with and into Byline Bank. The Transaction brings Byline’s total assets to approximately $9.8 billion, based on information as of December 31, 2024.
Under the terms of the Merger Agreement, each share of First Security Bancorp’s common stock was converted into the right to receive 2.3539 shares of Byline common stock. First Security Bancorp’s preferred shares were redeemed in cash immediately prior to closing with an aggregate value of approximately $2.4 million. The value of the total merger consideration at closing was approximately $41.5 million. A copy of the press release relating to the closing of the Transaction is furnished herewith as Exhibit 99.1 and incorporated herein by reference.
The information furnished pursuant to this Item 7.01 (including Exhibit 99.1 hereto) is being furnished and shall not be deemed “filed” under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing by Byline under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing. The furnishing of information pursuant to this Item 7.01 will not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely by Regulation FD.
Item 9.01. |
Financial Statements and Exhibits. |
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(d) Exhibits.
Exhibit No. |
Description |
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99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BYLINE BANCORP, INC. |
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Date: April 1, 2025 |
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By: |
/s/ Robert R. Herencia |
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Name: |
Roberto R. Herencia |
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Title: |
Executive Chairman and CEO |
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