Byline Bancorp, Inc. Announces Bruce Lammers to Retire from Byline Bank
CHICAGO–(BUSINESS WIRE)–Byline Bancorp, Inc. (NYSE: BY) (“Byline” or the “Company”), the parent
company of Byline Bank (“Bank”), announced today that Bruce Lammers,
Executive Vice President of Byline Bank and President for the Byline
Small Business Capital (“SBC”) team, will retire on May 28, 2019,
bringing an end to a long career in government guaranteed small lending
in the private sector. Thomas Abraham, currently Senior Vice President,
SBA Sales Manager of SBC, will succeed Lammers in leading the Bank’s
government guaranteed lending business.
“We are grateful for the opportunity to have worked with Bruce since our
acquisition of Ridgestone Financial in 2016 and to have benefited from
his leadership, vast experience and knowledge,” said Alberto Paracchini,
President and Chief Executive Officer of Byline. “Bruce’s passion for
and commitment to helping small businesses grow will leave a mark on
this Company and the industry as a whole.”
“Retirement for me is a bittersweet moment,” said Lammers. “I’ve had a
rewarding career, and having the ability to work with inspiring
entrepreneurs and business owners to help them build their dreams is
something I will truly miss. I have been fortunate to work alongside
respected colleagues with whom I share a common commitment to our
customers and our mission.” Lammers shared that he looks forward to new
challenges and said he will be moving on to a new opportunity in the
public sector in Washington, D.C. which will be announced at a later
date.
Lammers joined Byline Bank in September 2016 as part of its acquisition
of Ridgestone Bank, where he served as President and CEO since 2006.
Lammers has been a passionate advocate for the U.S. small business
community and the government-guaranteed lending industry throughout his
career. Lammers and his team were instrumental in building a business
recognized consistently as a Top 10 SBA Lender nationally and achieved
#1 SBA lender status in Illinois and Wisconsin annually. He has held
positions on the board of NAGGL (National Association of Government
Guaranteed Lenders) and is an established leader throughout the SBA and
USDA.
Thomas Abraham is currently a Senior Vice President, SBA Sales Manager
of the Byline Small Business Capital team with 30 years of industry
experience. He worked closely with Lammers since the early days of
Ridgestone in 2006 and was instrumental in building the government
guaranteed lending framework for loan originations, credit processing
and closing footprint as well as sales generation, back-end operations
and portfolio servicing.
“I look forward to working with Tom and his team to continue to grow our
government guaranteed lending business nationally,” said Paracchini.
“His depth of knowledge, passion for small business lending, knowledge
of internal processes and culture will serve our business well.”
About Byline Bancorp, Inc.
Headquartered in Chicago, Byline Bancorp, Inc. is the parent company for
Byline Bank, a full service commercial bank serving small- and
medium-sized businesses, financial sponsors, and consumers. Byline Bank
has approximately $5.3 billion in assets and operates more than 60 full
service branch locations throughout the Chicago and Milwaukee
metropolitan areas. Byline Bank offers a broad range of commercial and
retail banking products and services including small ticket equipment
leasing solutions and is one of the top 10 Small Business Administration
lenders in the United States.
Forward-Looking Statements
This communication contains forward-looking statements within the
meaning of the U.S. federal securities laws. Forward-looking statements
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to uncertainties and contingencies outside the control of Byline and its
respective affiliates, directors, employees and other representatives,
which could cause actual results to differ materially from those
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or completeness of any forward-looking statements contained in this
communication or that such forward-looking statements are or will remain
based on reasonable assumptions. You should not place undue reliance on
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Forward-looking statements speak only as of the date they are made, and
we assume no obligation to update any of these statements in light of
new information, future events or otherwise unless required under the
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Contacts
Media
Erin O’Neill
Director of
Marketing, Byline Bank
eoneill@bylinebank.com
773.475.2901
Investors
Allyson Pooley
Financial
Profiles, Inc.
BYIR@bylinebank.com
310.622.8230