CHICAGO–(BUSINESS WIRE)–Byline Bancorp, Inc. (NYSE: BY) announced today the appointment of
Steven P. Kent to the Boards of Directors of both Byline Bancorp and its
subsidiary bank, Byline Bank, effective immediately. Mr. Kent brings
over 45 years of financial services industry experience to the Board.
“Steve has had a highly distinguished career as both a commercial
banking executive and an investment banker focused on the financial
services industry,” said Roberto Herencia, Chairman of Byline. “Steve’s
expertise in M&A and capital management will be very valuable to the
Board as we continue to execute on both our organic and acquisitive
growth strategies to enhance the value of the Byline franchise. We are
very pleased to welcome Steve and look forward to his added perspective
and expertise at the Board level.”
Mr. Kent is Vice Chairman and a Managing Director of the Financial
Services Group at Piper Jaffray Co., where he focuses on merger &
acquisition advisory services and capital market transactions for
financial services companies. Prior to joining Piper Jaffray in October
2015, Mr. Kent co-founded and served as President of River Branch
Capital from March 2011 through its sale to Piper Jaffray in September
2015. At River Branch, Mr. Kent advised bank clients on capital
management, equity recapitalizations, mergers & acquisitions and private
Previously, Mr. Kent spent 13 years as a Managing Director and co-head
of the Chicago office of Keefe, Bruyette & Woods (“KBW”), investment
bank and broker-dealer specializing in the financial services sector.
Prior to joining KBW, Mr. Kent was an executive officer with Robert W.
Baird and Co. for 16 years, where he led strategic planning, fixed
income capital markets and structured finance, and he also headed the
firm’s Financial Services Investment Banking practice. Mr. Kent served
as a member of Baird’s operating and capital commitment committees. Mr.
Kent was also previously an executive officer at two Midwestern
multi-bank holding companies focusing on strategic planning, bank and
trust investment portfolio management, asset and liability management,
and commercial and government guaranteed credit origination.
Mr. Kent has previously served as a director and member of the finance
and nominating committees of IFF, a Midwest-focused Community
Development Financial Institution (“CDFI”) certified by the U.S.
Department of the Treasury, which serves as a mission-driven lender,
real estate consultant and developer that helps create opportunities for
low-income communities and people with disabilities. In January 2019,
Mr. Kent was elected to the board of Community Reinvestment Fund, USA, a
CDFI with a national strategy headquartered in Minneapolis.
About Byline Bancorp, Inc.
Headquartered in Chicago, Byline Bancorp, Inc. is the parent company for
Byline Bank, a full service commercial bank serving small- and
medium-sized businesses, financial sponsors, and consumers. Byline Bank
has approximately $5.3 billion in assets and operates more than 60 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.
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 judgment 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.
Forward-looking statements speak only as of the date they are made, and
we assume no obligation to update any of these statements in light of
new information, future events or otherwise unless required under the
federal securities laws.
Marketing, Byline Bank