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Byline Bank to Consolidate 20% of Branches
Byline Bancorp, Chicago-based parent company of Byline Bank, will consolidate 11 of the bank’s 57 full-service offices, or approximately 20% of its branch network. Byline Bank will continue to service all its current markets and the consolidations target branches that overlap with other locations.
“The changes we are making to our retail branch network reflect the accelerating adoption of digital banking channels by our customers that has occurred during the COVID-19 pandemic,” said Alberto J. Paracchini, president and CEO of Byline.
He continued, “Following the closure of the branches that will start on Dec. 31, 2020, our retail branch network will be focused on those sub-markets that present the most significant growth opportunities and where a physical presence is most valuable to our new business development efforts. Given the proximity of other branches, our customers will still have convenient options when they have in-person banking needs.”
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