Mmastodon BusinessBanking first seen 2 d ago, last 1 d ago, peak #3

Chicago remains 'overbanked' as Byline buys Illinois State

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's banking market is fragmented and consolidating too slowly. Byline Bancorp's recently announced acquisition of Illinois State Bank is raising the question of whether that is finally changing, or whether the deal is simply an exception to the region's unusually crowded banking landscape.

Why now: The Byline acquisition of Illinois State Bank has renewed debate over Chicago's slow bank consolidation.

Byline BancorpIllinois State BankChicago

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Rank over time, top of the chart is #1. 29 snapshots from 2 d ago to 1 d ago.

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• 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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