Byline Bancorp Announces Pricing of Initial Public Offering - Byline Bank

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Byline Bancorp, Inc.

NEWS RELEASE

FOR IMMEDIATE RELEASE

June 29, 2017

Byline Bancorp Announces Pricing of Initial Public Offering.

Chicago, IL, June 29, 2017, Byline Bancorp, Inc. (“Byline” or the “Company”) today announced the pricing of its initial public offering of shares of its common stock at a public offering price of $19.00 per share.  Of the 5,700,000 shares being sold in the offering, Byline is selling 3,775,194 shares, and certain selling stockholders are selling 1,924,806 additional shares.  The shares are expected to begin trading on June 30, 2017 on the New York Stock Exchange under the ticker symbol “BY”. The closing of the offering is expected to occur on July 6, 2017, subject to the satisfaction of customary closing conditions.

In addition, Byline has granted the underwriters a 30-day option to purchase up to an additional 855,000 shares of its common stock at the initial public offering price, less the underwriting discount.

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 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.

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission on June 29, 2017.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering has been made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, 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 ; 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.

About Byline Bancorp, Inc.

Headquartered in Chicago, Byline Bancorp, Inc. is the holding company for Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank had $3.3 billion in assets at March 31, 2017, and operates more than 50 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 10 Small Business Administration lenders in the United States.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ‘‘may’’, ‘‘might’’, ‘‘should’’, ‘‘could’’, ‘‘predict’’, ‘‘potential’’, ‘‘believe’’, ‘‘expect’’, ‘‘continue’’, ‘‘will’’, ‘‘anticipate’’, ‘‘seek’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’, ‘‘projection’’, ‘‘would’’, ‘‘annualized’’, “target” and ‘‘outlook’’, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements reflect various assumptions and involve elements of subjective judgement and analysis which may or may not prove to be correct and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication. No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication.

Contacts:

Media                                                                                                                 Investors

Erin O’Neill                                                                                                       Allyson Pooley

Director of Marketing, Byline Bank                                                                                   Financial Profiles, Inc.

                                                                               

(773) 475-2901                                                                                                 (310) 622-8230