New signs went up on the outside of the former First Bank & Trust headquarters building in downtown Evanston Saturday, signaling completion of the transformation of the formerly locally owned firm to a part of Byline Bank.
First Bank was founded about 24 years ago by Robert Yohanan, James Lytle and Howard Kain and grew to have $1.1 billion in total assets and 10 locations, including three in Evanston.
Byline, at the time of the acquisition, had $3.4 billion in assets and 56 branches across the Chicago market.
The acquisiton was announed in November 2017 and approved by shareholders of both banks last April. First Bank started operating as a division of Byline last June.
First Bank is now Byline Bank (5/13/18)
Shareholders approve First Bank merger (4/18/18)
Byline Bank to acquire First Bank & Trust (11/27/17)