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Byline Bancorp to buy First Evanston for $169M

Chicago-based Byline Bancorp Inc. is acquiring First Evanston Bancorp Inc. for approximately $169 million in cash and stock.

Byline expects the deal to be accretive to 2018 EPS and accretive by 14.5% to 2019 EPS. The combined company will have approximately $4.4 billion in assets, $3.1 billion in loans and $3.5 billion in deposits.

More details to follow.