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Why Chicago remains a crowded banking market

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

Byline Bancorp's acquisition of Illinois State Bank, announced last week, has renewed debate over Chicago's status as an 'overbanked' market. Investors have long complained that bank consolidation in the region moves too slowly, and observers are asking whether the deal signals broader change or is simply an outlier in a stubbornly fragmented local banking landscape.

Why now: The newly announced Byline acquisition of Illinois State Bank has revived discussion about slow bank consolidation in Chicago.

Byline BancorpIllinois State BankChicago

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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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