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Byline Bank Will Consolidate Branches, Sell Off Real Estate
Chicago-based Byline Bancorp, Inc. said Friday it would continue to optimize its branch network, dispose of a portfolio of owned real estate properties and reduce its office square footage to adapt to changes in customer behavior and improve operating efficiencies.
Byline Bank will consolidate six of its 44 full-service branches during the second quarter of 2022. The company intends to dispose of a real estate portfolio that includes former branch locations and other properties.
Alberto J. Paracchini, president of Byline, commented, “The strategic actions we are taking are the result of our continued focus to position ourselves to meet our customers’ current and evolving banking needs. While we believe branches are, and will continue to be, an essential part of delivering banking services, we also recognize the need to continue to invest in our digital channels to adapt to the way customers want to conduct their banking with us.”
- ◦Lease
- ◦Sale/Acquisition

