Byline Bancorp (BY) Announces Launch of IPO

Byline Bancorp, Inc. (NYSE: BY) today announced the launch of its initial public offering of shares of its common stock. Of the 5,700,000 shares of Byline’s common stock to be sold in the offering, Byline is offering 3,775,194 shares and certain selling stockholders are offering 1,924,806 shares. Byline expects to grant the underwriters a 30-day option to purchase up to an additional 855,000 shares of its common stock. The initial public offering price is currently expected to be between $19.00 and $21.00 per share of common stock. Byline’s common stock has been approved for listing on the New York Stock Exchange (NYSE) under the ticker symbol “BY,” subject to official notice of issuance.

Byline intends to use the net proceeds that it receives from this offering to repay the outstanding balance under its line of credit, to repurchase, subject to regulatory approval, its outstanding Series A Preferred Stock, and for general corporate purposes.

BofA Merrill Lynch and Keefe, Bruyette & Woods are acting as joint book-running managers for the proposed offering. Piper Jaffray & Co., Sandler O’Neill + Partners, L.P. and Stephens Inc. are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: BofA Merrill Lynch, attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by email at [email protected]; or Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019; or by calling Keefe, Bruyette & Woods, Inc. toll-free at (800) 966-1559.

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