Vedder Price is pleased to announce that it represented Byline Bancorp, Inc. (Byline), parent company of Byline Bank, in its announced merger with Inland Bancorp, Inc., parent company of Inland Bank and Trust, pursuant to which Inland will combine with Byline in a cash and stock transaction valued at approximately $165 million.

The transaction is expected to close during the second quarter of 2023. Closing of the transaction is subject to regulatory approvals, the approval of Inland Bancorp, Inc.’s stockholders, and the satisfaction of certain other closing conditions.

The Vedder Price team advising Byline includes Dan McKay, Jim Morrissey, Jennifer King and Tom Desmond, and Mark Svalina and Mary Donohue.

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