As previously disclosed, on May 26, 2023, Byline Bancorp, Inc. (the "Company") entered into a Second Amended and Restated Term Loan and Revolving Credit Agreement with CIBC Bank USA (the "Lender").
On May 24, 2024, the Company entered into the First Amendment to the Second Amended and Restated Term Loan and Revolving Credit Agreement (the "Amendment") with the Lender, which is effective May 26, 2024, and provides for (1) the renewal of the revolving line-of-credit facility of up to $15,000,000, and (2) extending its maturity date to May 25, 2025.
The foregoing description of the Amendment is only a brief summary and is qualified in its entirety by the complete terms of the Amendment, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.
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Byline Bancorp, Inc. is a bank holding company. The Company conducts all its business activities through its subsidiary, Byline Bank, a full-service commercial bank, and Byline Bankâs subsidiaries. It offers a range of banking products and services to small and medium-sized businesses, commercial real estate and financial sponsors and to consumers who generally live or work near its branches. It also offers online account opening to consumer and business customers through its Website and provides trust and wealth management services to its customers. In addition to its traditional commercial banking business, it provides small ticket equipment leasing solutions through Byline Financial Group, a wholly owned subsidiary of Byline Bank. It offers a range of commercial loan, deposit and treasury management products. Its primary commercial lending groups include commercial and industrial, commercial real estate, sponsor finance, commercial deposits and treasury management and others.