byline community bank

What byline community bank does

Byline Bank, the banking subsidiary of publicly traded Byline Bancorp, Inc. (NYSE: BY), is a Chicago-rooted community bank founded in 1907 (originally as First Security Bank) that operates four primary business lines: Personal Banking, Business Banking (serving businesses with under $10M in revenue), Commercial Banking (serving enterprises with over $10M in revenue), and Wealth Management. The bank serves individuals, small businesses, middle-market companies, private equity sponsors, fintech partners, nonprofits, and municipalities across the Chicago and Milwaukee metropolitan areas through more than 40 physical branch locations, complemented by online and mobile banking channels.

The product platform is a full-service commercial bank stack rather than a proprietary technology platform. Core capabilities include checking, savings, money market, CDs, IRAs, HSAs, HELOCs, mortgages, and personal installment loans for consumers; Makers Checking, Byline Express Loans (under $500K), SBA 7(a) and 504 loans, and treasury management for small businesses; and commercial loans and lines of credit, commercial real estate, asset-based lending, equipment financing, premium finance lending, sponsor finance, and embedded finance / Banking-as-a-Service for commercial clients and fintechs. Technology is centered on standard digital banking infrastructure (mobile and online platforms, Zelle, Apple Pay, Google Pay, Autobooks accounting integration, merchant services, and remote deposit) plus integrations such as the Lithic sponsor-bank partnership for fintech card issuing. The bank's most differentiated commercial product is its SBA platform, where it has been ranked the top SBA 7(a) lender in Illinois for 17 consecutive years and fifth nationally in 2023.

Revenue is generated primarily through net interest income on loans (commercial, commercial real estate, SBA, mortgages, HELOCs) and securities, with deposit interest expense as the largest offset. Net interest margin is the central profitability lever, supplemented by non-interest income from account fees, loan origination fees, treasury management, and merchant services, plus advisory fees from wealth management. Distribution combines local, relationship-driven commercial banking teams and SBA lending specialists with self-service digital channels; pricing is set transaction-by-transaction based on creditworthiness and product, with promotional deposit products such as a 13-month CD at 4.10% APY and an Advantage Money Market at 3.15% APY (as disclosed in July 2026). Growth has been driven by a multi-year M&A roll-up of Chicago-area community banks, including Ridgestone Financial ($105M, 2018), First Evanston Bancorp ($169M, 2019), Oak Park River Forest Bankshares (2019), and Inland Bancorp (2024), with the First Security Bancorp transaction pending.

Name

byline community bank

Legal name

Byline Bancorp, Inc.

Website

https://northcommunitybank.com

Company type

Public

Founded year

1907

Operating status

Operating

Short description

Byline Bank, the subsidiary of Byline Bancorp (NYSE: BY), is a Chicago-area community bank founded in 1907 that delivers personal, business, commercial, and wealth management banking, with leading SBA lending, to individuals, SMBs, middle-market companies, and fintech partners across more than 40 branches.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices29 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including commercial loans, commercial real estate, SBA loans, personal loans, mortgages, and HELOCs. Also earns interest on investment securities and other interest-earning assets.
2. Deposit Interest Expense: Interest paid to customers on deposits including checking, savings, money market accounts, and CDs represents a major expense, with net interest margin being a key profitability metric.
3. Non-Interest Income: Fees and commissions including account service fees, loan origination fees, treasury management fees, merchant services income, and other banking service charges.
4. Wealth Management Services: Financial planning, asset management, trust services, and retirement planning services generating advisory fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Byline Community Bank operates as a full-service community bank providing personal banking (checking, savings, CDs, mortgages, HELOCs), business banking (small business loans under $500K, SBA 7(a) and 504 loans, business checking accounts for companies under $10M revenue), commercial banking (loans and lines of credit, commercial real estate, asset-based lending, equipment financing, treasury management, sponsor finance for enterprises with $10M+ revenue), and wealth management (financial planning, asset management, trust services, retirement plans). The bank also offers embedded finance and sponsor bank partnerships for fintech companies through the Lithic partnership.

Product overview

Byline Bank offers a comprehensive, multi-channel banking platform organized into four main segments: Personal Banking, Business Banking, Commercial Banking, and Wealth Management. The Personal Banking segment provides checking accounts (Simple, Prime Life, Student), savings products (Statement Savings, Money Market, CDs, IRAs, HSA), credit products (HELOCs, Installment Loans, Mortgages), and digital banking access. The Business Banking segment serves companies under $10M revenue with specialized checking (Makers, Commercial Analysis, NFP), savings, loans (Byline Express under $500K), and SBA financing (7(a) and 504 loans). The Commercial Banking segment targets enterprises over $10M revenue with customized financing solutions including commercial real estate, asset-based lending, equipment financing, premium finance lending, treasury management, sponsor finance for private equity transactions, and embedded finance/BaaS offerings for fintech partners. The Wealth Management division provides financial planning, asset management, trust services, and retirement plan administration. The bank also offers specialty lending for niche sectors including pharmacy, child care, franchise, and municipal banking, supported by strategic partnerships like the Lithic sponsor bank relationship for fintech card programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Simple Checking Basic personal checking account with essential banking features for everyday transactions.
• Prime Life Checking Personal checking account designed for specific life stages with enhanced features and benefits.
• Student Checking Personal checking account tailored for students with features appropriate for younger customers.
• Statement Savings Personal savings account with competitive interest rates and FDIC insurance protection.
• Money Market Accounts Savings account with money market features offering higher interest rates with tiered balance requirements.
• Certificates of Deposit (CDs) Term deposit accounts with fixed interest rates including promotional offerings like the 13-month CD at 4.10% APY.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options.
• Health Savings Account (HSA) Tax-advantaged account for individuals with high-deductible health plans to pay for qualified medical expenses.
• HELOCs Home Equity Lines of Credit allowing homeowners to borrow against their home's equity with flexible draw periods.
• Personal Installment Loans Unsecured personal loans with fixed monthly payments for various personal financial needs.
• Mortgages Home purchase and refinance loans including conventional, FHA, and other mortgage products.
• Makers Checking Business checking account designed for small business owners and entrepreneurs with revenue under $10M.
• NFP Checking Not-for-Profit checking account for nonprofit organizations with specialized features for their banking needs.
• Byline Express Loans Streamlined small business loans under $500K with faster approval and funding processes.
• SBA 7(a) Loans Small Business Administration loans providing versatile financing for business expansion, equipment, and working capital. Byline is Illinois's top SBA 7(a) lender for 15+ consecutive years.
• SBA 504 Loans Small Business Administration loans for major fixed assets like real estate and equipment with favorable long-term rates.
• Commercial Loans & Lines of Credit Customized financing solutions for enterprises with $10M+ annual revenue including term loans and revolving credit facilities.
• Commercial Real Estate Financing Financing for acquisition, development, and refinancing of commercial properties including multifamily, office, retail, and industrial.
• Asset Based Lending Secured lending against accounts receivable, inventory, and other business assets for working capital needs.
• Embedded Finance Solutions Banking infrastructure and APIs enabling technology companies and fintechs to offer banking services to their customers.
• Equipment Financing Financing solutions for various equipment types including healthcare, industrial, technology, material handling, and energy efficiency equipment.
• Treasury & Cash Management Comprehensive cash management services including fraud protection, collections, payables, merchant services, and remote deposit.
• Sponsor Finance Private equity lending for cash flow financing of buyouts, recapitalizations, and add-on acquisitions in the lower-middle market.
• Financial Planning Personalized financial planning services helping clients set and achieve financial goals through comprehensive analysis.
• Asset Management Professional investment management services for individuals and institutions with customized portfolio strategies.
• Trust Services Estate planning and trust management services including revocable and irrevocable trusts.
• 401K and Retirement Plans Retirement plan services for businesses including 401(k) plan administration and employee benefit services.
• Municipal Banking Banking services tailored for municipal governments and public entities.
• Franchise Lending Financing for franchise businesses including SBA loans and conventional options for franchisees.
• Pharmacy Financing Specialized financing solutions for independent pharmacies including SBA loans and conventional financing.
• Child Care Financing Financing solutions for child care centers and early education businesses.
• Personal Online and Mobile Banking Digital banking platform for personal customers enabling account management, transfers, bill pay, Zelle payments, and mobile check deposit.
• Commercial Online and Mobile Banking Digital banking platform for commercial customers to manage accounts, access treasury services, and utilize advanced cash management tools.

Quantifiable outcome

• 17 consecutive years as Illinois SBA 7(a) Lender of the Year
• +3 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

One partnership is on record.

• LithiccoreTechnology or Integration · 27 July 2026Byline Bank has been selected as a Sponsor Bank partner by Lithic, a leading financial technology company that helps companies launch and scale payment card, banking, and money movement products. This partnership enables Lithic to connect technology companies with Byline Bank and enable them to launch consumer and commercial card programs and banking services. Byline provides essential banking infrastructure including accounts, payments, and rigorous risk oversight.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Associated Banc-Corp: Mid-size regional bank with strong Wisconsin/Midwest presence overlapping Byline's Milwaukee footprint; offers comparable commercial, SBA, and CRE products.
• Live Oak Bancorp: Public community bank with a national SBA lending franchise, directly comparable to Byline's top-ranked SBA 7(a) program and small business focus.
• BancorpSouth / Cadence Bank: Mid-size community bank with comparable SBA lending, CRE, and commercial banking mix; useful comp for Byline's growth trajectory and profitability benchmarks.
• Old National Bancorp: Mid-size Midwest community bank with similar commercial banking, SBA, and CRE lending emphasis. Comparable size and acquisition-led growth strategy.
• First Midwest Bancorp (now Old National): Former Chicago-area community bank of comparable size and focus before being absorbed by Old National; representative of peer set Byline benchmarks against.
• Wintrust Financial: Chicago-based super-community bank with comparable footprint, similar commercial/SMB and wealth management focus, and overlapping branch presence in Chicago's suburbs. Most directly comparable peer for Byline.
• Pinnacle Financial Partners: Growth-oriented mid-size community bank with strong commercial banking and SBA franchise; comparable business mix to Byline's commercial and small business segments.

Broad incumbents

• JPMorgan Chase (Chase Business Banking): Large incumbent national bank competing across Byline's personal, business, and SBA lending segments; sets competitive baseline for branch, digital, and SMB products in Chicago.

Emerging players

• Cross River Bank: Technology-focused chartered bank specializing in fintech sponsor banking and lending-as-a-service; directly comparable to Byline's emerging BaaS strategy.
• Customers Bancorp: Community bank with significant BaaS/embedded finance business; comparable to Byline's Lithic sponsor bank partnership and Payments & Fintech Banking division.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Xtwitter.com/BylineBank
• Facebookfacebook.com/bylinebank
• LinkedInlinkedin.com/company/byline-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about byline community bank