We recently announced that our holding company, First Evanston Bancorp Inc. has entered into a definitive agreement to be acquired by and subsequently merge with Byline Bancorp. Read the full press release ›
Upon completion of the transaction, the company will operate under the Byline Bank name and brand. The partnership will continue to deliver the same level of service to Byline and First Bank & Trust customers.
“The combination of Byline and First Evanston will create one of the premier community banks serving the Chicago area. We believe our customers will be well served by being a part of a larger community bank offering greater convenience and a broader selection of products and services, while still providing the high level of customer service they have always enjoyed at First Evanston.”
– Robert Yohanan, CEO, First Bank & Trust
What Does this Mean for FB&T Customers?
The acquisition transaction is subject to regulatory approvals, the approval of First Evanston’s and Byline’s shareholders, and certain other closing conditions. The transaction is expected to close in the first half of 2018. Until the transaction is official, we won’t have too much information to share and it will be business as usual here at FB&T. Once the deal closes we will begin updating you regularly with important information and updates about your accounts and services.
We will keep you advised as this transaction goes forward. We appreciate your patience until it is official. Please do not hesitate to reach out if you would like to talk to a banker directly.
The information included herein does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval. Byline will file a registration statement on Form S-4 with the SEC in connection with the proposed transactions (the “proposed transactions”) contemplated by the Agreement and Plan of Merger between Byline Bancorp, Inc. (“Byline”), First Evanston Bancorp, Inc. (“First Evanston”), and Wildcat Acquisition Corporation. The registration statement will include a joint proxy statement of Byline and First Evanston, which also will constitute a prospectus of Byline that will be sent to the stockholders of Byline and the shareholders of First Evanston. INVESTORS, STOCKHOLDERS OF BYLINE AND SHAREHOLDERS OF FIRST EVANSTON ARE ADVISED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT BYLINE, FIRST EVANSTON AND THE PROPOSED TRANSACTIONS. When filed, the joint proxy statement/prospectus and other documents relating to the proposed transactions filed by Byline with the SEC can be obtained free of charge from the SEC’s website at www.sec.gov. These documents also can be obtained free of charge by accessing Byline’s website at www.bylinebancorp.com under the tab “SEC Filings.” Alternatively, documents, when available, can be obtained free of charge from Byline upon written request to Byline Bancorp, Inc., Attn: Corporate Secretary, 180 North LaSalle Street, Suite 300, Chicago, Illinois 60601, 60018 or by calling (773) 475-2979, or from First Evanston upon written request to First Evanston Bancorp, Inc., Attn: Corporate Secretary, 820 Church Street, Evanston, Illinois 60201 or by calling (847) 733-7400.
Participants in the Proposed Transactions
Byline, First Evanston, their respective directors and executive officers and certain of their other members of management and employees may be deemed to be participants in the solicitation of proxies from Byline’s stockholders and First Evanston’s shareholders in connection with the proposed transactions. Information about the directors and executive officers of Byline may be found in the prospectus of Byline relating to its initial public offering of common stock filed with the SEC on July 3, 2017, a copy of which can be obtained free of charge from Byline or from the SEC’s website as indicated above. Information about the directors and executive officers of Byline and First Evanston and other persons who may be deemed participants in the proposed transactions, including additional information regarding the interests of these participants, including First Evanston’s directors and executive officers, will also be included in the joint proxy statement/prospectus and other relevant materials when filed with the SEC.