UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 13, 2019

 

BYLINE BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

001-38139

36-3012593

(Commission File Number)

(I.R.S. Employer Identification No.)

 

 

180 North LaSalle Street, Suite 300
Chicago, Illinois


60601

(Address of Principal Executive Offices)

(Zip Code)

(773) 244-7000

Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

 

Common Stock

 

 

BY

 

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

 

Emerging growth company       ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐

 

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 13, 2019, Bruce Lammers announced his intention to retire from his position as Executive Vice President of Byline Bank and President of Byline Small Business Capital, effective May 28, 2019. Mr. Lammers joined the Company in September of 2016, as part of its acquisition of Ridgestone Financial Services, Inc., and its subsidiary, Ridgestone Bank, where he served as President and CEO since 2006. Mr. Thomas Abraham, currently Senior Vice President, SBA Sales Manager of Small Business Capital at Byline Bank, will succeed Mr. Lammers in leading Byline Bank’s government guaranteed lending business.

 

The Company’s press release announcing Mr. Lammers’ retirement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

No.

 

 

Description

 

99.1

 

Press release dated May 15, 2019, announcing retirement of Bruce Lammers

 

 

 

3

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 15, 2019

BYLINE BANCORP, INC.

By: /s/ Alberto J. Paracchini
Name: Alberto J. Paracchini
Title: President and Chief Executive Officer

 

 

 

4

 

Exhibit 99.1

Byline Bancorp, Inc. Announces Bruce Lammers to Retire from Byline Bank

 

Chicago, IL, May 15, 2019 – Byline Bancorp, Inc. (NYSE: BY) (“Byline” or the “Company”), the parent company of Byline Bank (“Bank”), announced today that Bruce Lammers, Executive Vice President of Byline Bank and President for the Byline Small Business Capital (“SBC”) team, will retire on May 28, 2019, bringing an end to a long career in government guaranteed small lending in the private sector. Thomas Abraham, currently Senior Vice President, SBA Sales Manager of SBC, will succeed Lammers in leading the Bank’s government guaranteed lending business.

 

“We are grateful for the opportunity to have worked with Bruce since our acquisition of Ridgestone Financial in 2016 and to have benefited from his leadership, vast experience and knowledge,” said Alberto Paracchini, President and Chief Executive Officer of Byline. “Bruce’s passion for and commitment to helping small businesses grow will leave a mark on this Company and the industry as a whole.”

“Retirement for me is a bittersweet moment,” said Lammers. “I’ve had a rewarding career, and having the ability to work with inspiring entrepreneurs and business owners to help them build their dreams is something I will truly miss. I have been fortunate to work alongside respected colleagues with whom I share a common commitment to our customers and our mission.” Lammers shared that he looks forward to new challenges and said he will be moving on to a new opportunity in the public sector in Washington, D.C. which will be announced at a later date.

Lammers joined Byline Bank in September, 2016, as part of its acquisition of Ridgestone Bank, where he served as President and CEO since 2006. Lammers has been a passionate advocate for the U.S. small business community and the government-guaranteed lending industry throughout his career. Lammers and his team were instrumental in building a business recognized consistently as a Top 10 SBA Lender nationally and achieved #1 SBA lender status in Illinois and Wisconsin annually. He has held positions on the board of NAGGL (National Association of Government Guaranteed Lenders) and is an established leader throughout the SBA and USDA.

Thomas Abraham is currently a Senior Vice President, SBA Sales Manager of the Byline Small Business Capital team with 30 years of industry experience. He worked closely with Lammers since the early days of Ridgestone in 2006 and was instrumental in building the government guaranteed lending framework for loan originations, credit processing and closing footprint as well as sales generation, back-end operations and portfolio servicing.

 

“I look forward to working with Tom and his team to continue to grow our government guaranteed lending business nationally,” said Paracchini. “His depth of knowledge, passion for small business lending, knowledge of internal processes and culture will serve our business well.”

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.

 

Forward-Looking Statements

 

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 judgement 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.

 

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Contacts:

 

Media Investors

Erin O’Neill Allyson Pooley

Director of Marketing, Byline Bank Financial Profiles, Inc.

eoneill@bylinebank.com BYIR@bylinebank.com

773.475.2901 310.622.8230