Byline Bancorp, Inc. Publishes Inaugural ESG Report
April 24 2023 - 8:00AM
Business Wire
Details small business support, community
investment and outreach, diversity, equity and inclusion efforts
and initiatives supporting, employee engagement and
wellbeing
Byline Bancorp, Inc. (“Byline”) (NYSE: BY) today announced the
release of its inaugural ESG Report, which details the company's
environmental, social and governance activities, progress and
performance through 2022.
Roberto R. Herencia, Executive Chairman and Chief Executive
Officer of Byline Bancorp, Inc., stated, “With the release of our
inaugural ESG Report, we proudly showcase Byline’s unique corporate
culture and initiatives that we believe distinguish us as an
innovative and forward-thinking commercial bank. We plan to further
develop our ESG commitments as we continue to grow in the years
ahead.”
With a name that comes from the journalistic term for
authorship, Byline Bank is a commercial bank with a 100+ year
history of supporting its local neighbors, non-profits and small
businesses. This inaugural report demonstrates Byline’s outsized
commitment to its customers, employees and communities in
Chicagoland, Milwaukee and beyond.
“This is a milestone report that demonstrates Byline’s
commitment to being a true community partner and a responsible
steward,” said Alberto J. Paracchini, President of Byline Bancorp,
Inc. “We look forward to building on this foundation as we grow the
bank and move forward with our ESG journey.”
The report details significant strides Byline has made in its
commitment to ESG, including:
- Diversity, equity, and inclusion initiatives
- Employee engagement and recognition
- Grant-making and community investment
- Local community outreach
- Volunteerism and non-profit partnerships
- Financial literacy and youth education support
- Small business lending and banking support
- Customer-centric digital improvements
Byline’s ESG Report can be found on its ESG webpage at
bylinebancorp.com.
About Byline Bancorp, Inc.
Headquartered in Chicago, Byline Bancorp, Inc. is the parent
company of Byline Bank, a full service commercial bank serving
small- and medium-sized businesses, financial sponsors, and
consumers. Byline Bank has approximately $7.4 billion in assets and
operates more than 30 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 Small Business Administration lenders in the United
States.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Any statements about Byline’s expectations, beliefs,
plans, strategies, predictions, forecasts, objectives or
assumptions of future events or performance are not historical
facts and may be forward-looking. These statements include, but are
not limited to, the expected completion date, financial benefits
and other effects of the proposed merger of Byline and Inland
Bancorp, Inc. These statements are often, but not always, made
through the use of words or phrases such as “anticipates,”
“believes,” “expects,” “can,” “could,” “may,” “predicts,”
“potential,” “opportunity,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “seeks,” “intends”
and similar words or phrases. Accordingly, these statements involve
estimates, known and unknown risks, assumptions and uncertainties
that could cause actual strategies, actions or results to differ
materially from those expressed in them, and are not guarantees of
timing, future results or other events or performance. Because
forward-looking statements are necessarily only estimates of future
strategies, actions or results, based on management’s current
expectations, assumptions and estimates on the date hereof, and
there can be no assurance that actual strategies, actions or
results will not differ materially from expectations, readers are
cautioned not to place undue reliance on such statements. Factors
that may cause such a difference include, but are not limited to,
the reaction to the transaction of the companies’ customers,
employees and counterparties; customer disintermediation;
inflation; expected synergies, cost savings and other financial
benefits of the proposed transaction might not be realized within
the expected timeframes or might be less than projected; the
requisite stockholder for the proposed transaction might not be
obtained; credit and interest rate risks associated with Byline’s
and Inland Bancorp, Inc.’s respective businesses, customers,
borrowings, repayment, investment, and deposit practices; general
economic conditions, either nationally or in the market areas in
which Byline and Inland Bancorp, Inc. operate or anticipate doing
business, are less favorable than expected; new regulatory or legal
requirements or obligations; and other risks. Certain risks and
important factors that could affect Byline’s future results are
identified in its Annual Report on Form 10-K for the year ended
December 31, 2022 and other reports filed with the Securities and
Exchange Commission, including among other things under the heading
“Risk Factors” in such Annual Report on Form 10-K. Any
forward-looking statement speaks only as of the date on which it is
made, and Byline undertakes no obligation to update any
forward-looking statement, whether to reflect events or
circumstances after the date on which the statement is made, to
reflect new information or the occurrence of unanticipated events,
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230423005036/en/
Investors: Brooks Rennie Investor Relations Director
Byline Bank (312) 660-5805 brennie@bylinebank.com
Media: Erin O’Neill Marketing Director Byline Bank (773)
475-2901 eoneill@bylinebank.com
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