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Why Chicago remains stubbornly 'overbanked'

Original: Why is Chicago still 'overbanked'? Investors have long lamented the slow pace of bank consolidation in Chicago. Is the B

Investors have long complained that Chicago has too many banks and that consolidation there is unusually slow. Byline Bancorp's acquisition of Illinois State Bank, announced last week, is raising the question of whether a wave of mergers is finally starting or whether the deal is simply an exception to the city's stagnant banking market.

Why now: A newly announced bank acquisition is reviving a long-running debate among investors about consolidation in Chicago's crowded banking market.

ChicagoByline BancorpIllinois State Bank

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Rank over time, top of the chart is #1. 17 snapshots from 11 h ago to 1 h ago.

Evidence

• Why is Chicago still 'overbanked'? Investors have long lamented the slow pace of bank consolidation in Chicago. Is the Byline acquisition of Illlinois State, unveiled last week, a harbinger of change or the exception that proves the rule? https://www.… · AlexJimenez@mas.to · 1

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