Byline Bank


Overview / Commentary
773-244-7000
180 N Lasalle Street
Chicago, IL 60601

Byline Bank is headquartered in CHICAGO and is the 5th largest bank in the state of Illinois. It is also the 167th largest bank in the nation. It was established in 1972 and as of December of 2024, it had grown to 1,029 employees at 56 locations. Byline Bank has an A+ health rating.

Reviews (2)

Unprofessional Handling Of Check Deposit And Funds Availability

I've had a highly disappointing experience with Byline Bank, Elmwood Park branch. In March, I deposited a $1,200 check that cleared without a hitch. However, my subsequent $7,500 deposit was mishandled. Despite being a former teller and understanding the need for overnight processing, the branch promised availability by Tuesday. Come Tuesday, while I could withdraw $1,500, I later discovered online that only $5,000 of my deposit was accessible, contrary to what was initially stated.

Upon confronting the branch manager, who I've built a rapport with, I received mixed messages about immediate availability of deposited checks, which was not the case for my Saturday deposit. The delay and subsequent hold on $2,400 of my money without clear communication is inexcusable.

Customer service directed me back to the manager for resolution. Despite leaving a voicemail, the manager failed to follow up as promised. It took an in-person visit on Friday for her to initiate the release of my funds, which should have been within her immediate power.

This level of unprofessionalism is unacceptable. My business regularly deposits large checks, and if $7,500 is treated with such unwarranted suspicion and delay, I dread to think how a larger deposit would be handled. I expect better, especially given my established relationship with the bank manager. Seem like the check became available and the bank put an additional hold on the funds. Such practices are not conducive to a successful banking relationship. I strongly urge immediate improvement in communication and professionalism at this branch.

VERY Low Dollar Transfer Limits

Posted by: |

I was planning on opening an account, but their website did not disclose the daily/monthly dollar transfer limits. So, I called them. It is $2,000 / day up to $5,000 / month. What! That's absurd and is a deal-breaker in my opinion.



Health
A+

Health Grade Components

Overall
FDIC Certificate #20624
Year Established1972
Employees1029
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD11.28%
Annual Interest Income$565MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$9.48B$8.87B
LoansQ4 2024vs Q4 2023$6.81B$6.6B
DepositsQ4 2024vs Q4 2023$7.5B$7.22B
Equity CapitalQ4 2024vs Q4 2023$1.19B$1.11B
Loan Loss AllowanceQ4 2024vs Q4 2023$98MM$101.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$49.6MM$59.3MM
Real Estate OwnedQ4 2024vs Q4 2023$5.2MM$1.2MM
Rates

Rates for Byline Bank are currently being reviewed.

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.