Byline Bancorp announces new 1.25M shares stock repurchase program

Byline Bancorp announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 1.25m shares of the Company’s outstanding common stock. The shares authorized to be repurchased represent approximately 2.9% of the Company’s currently outstanding common stock. The new program will be effective January 1 and be in effect until December 31. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “The new share buyback authorization, which we believe is consistent with our disciplined approach, demonstrates our continued commitment to using this tool as part of our capital management strategy.”