In honor of Giving Tuesday and as part of its ongoing commitment to helping communities grow and thrive, Byline Bank announced it distributed $30,000 to fund philanthropic initiatives in its neighborhoods, including a $5,000 donation to three local charities.
Byline Sponsor Finance, a division of Byline Bank, provided financing to support North Branch Capital’s recapitalization of STARC Systems. Byline was represented by Duane Morris.
Byline Bancorp appointed Margarita Hugues Vélez to the boards of directors of both Byline Bancorp and its subsidiary, Byline Bank, effective immediately. In addition Steven M. Rull will be retiring from the board in June.
Thomas Abraham, current SVP/SBA sales manager of Byline Small Business Capital, will succeed Bruce Lammers, as head of the bank’s government guaranteed lending business. Lammers will retire at the end of May.
Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance investment firm Kian Capital’s recapitalization of Charles Products.
Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance Salt Creek Capital’s investment in Drake Truck Bodies. Subordinated debt and equity was provided by Spell Capital Mezzanine Partners.
Byline Bank’s Sponsor Finance Group provided a revolver and term credit facility to finance Boyne Capital’s investment in AC Business Media, a business-to-business media and business intelligence company.
Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance Salt Creek Capital’s investment in Sound Building Supply. Spell Capital Mezzanine Partners provided subordinated debt and equity.