Byline Bancorp Declares Cash Dividend

Rhea-AI Summary

Byline Bancorp, Inc. (NYSE: BY) has declared a cash dividend of $0.03 per share for the upcoming quarter. This dividend will be payable on January 5, 2021, to all stockholders on record as of the close of business on December 22, 2020. The company, based in Chicago, operates Byline Bank, which manages approximately $6.5 billion in assets and has more than 50 branches across the Chicago and Milwaukee areas. Byline Bank provides various commercial and retail banking services and is a leading Small Business Administration lender in the U.S.

Positive

• Declared a cash dividend of $0.03 per share, enhancing shareholder income.
• Strong asset base of approximately $6.5 billion, indicating financial stability.
• Operations across 50+ branches, enhancing market reach and customer service.

Negative

• None.

CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY) announced today that its Board of Directors has declared a cash dividend on its common stock of $0.03 per share for the quarter. The dividend is payable on January 5, 2021 to all stockholders of record as of the close of business on December 22, 2020.

About Byline Bancorp, Inc.

Headquartered in Chicago, Byline Bancorp, Inc. is the parent company for Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $6.5 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top five Small Business Administration lenders in the United States.