Byline Bancorp, Inc. (NYSE: BY) (the “Company” or “Byline”), the parent company of Byline Bank, today announced plans to optimize its branch network as part of efforts to accommodate changing customer behaviors while also recognizing operating efficiencies. Byline Bank plans to consolidate 11 of its 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. Most of the impacted branches are located within two miles of another Byline Bank branch that will continue to operate within the respective market.
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