CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY) announced today that Tim Hadro has announced his desire to retire and step down as Chief Credit Officer effective July 31, 2019. He will remain an advisor with the Company and assist in the transition. Owen Beacom, currently Deputy Chief Credit Officer, will succeed Tim as Chief Credit Officer. Mr. Beacom joined Byline in May 2018 with the acquisition of First Evanston Bancorp.
“Tim was instrumental in the establishment of Byline’s strong credit culture and we are deeply grateful for his many years of exceptional service. Tim has been here since the recapitalization of the company in 2013 and now having completed and integrated several acquisitions, the timing for the transition seemed right. We will continue to benefit from Tim’s knowledge and experience as he will remain an advisor to the company,” said Alberto Paracchini, President and Chief Executive Officer of Byline Bancorp. “Owen has worked closely with Tim in preparation for his eventual retirement and is well suited to handle the responsibilities of Chief Credit Officer. Owen has a deep understanding of our loan portfolio, credit policies, markets and customer base, and will provide strong leadership and continuity for our credit administration functions while we continue to grow in the years ahead.”
Mr. Beacom has more than 35 years of experience in the banking industry. Mr. Beacom joined Byline following its acquisition of First Evanston Bancorp, where he served as Managing Director, Chief Lending Officer from 2004 to 2018. From 1990 to 2004, Mr. Beacom held senior lending positions at a number of Chicago area banks including Bank One, American National Bank of Chicago, and Lake Shore National Bank. Since 2012, Mr. Beacom has served as a member director of the Federal Home Loan Bank of Chicago since 2012. Mr. Beacom has a bachelor’s degree in economics from Harvard University, a master’s degree in accounting from DePaul University, and a master’s degree in business administration from the University of Chicago.
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.
This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ‘‘may’’, ‘‘might’’, ‘‘should’’, ‘‘could’’, ‘‘predict’’, ‘‘potential’’, ‘‘believe’’, ‘‘expect’’, ‘‘continue’’, ‘‘will’’, ‘‘anticipate’’, ‘‘seek’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’, ‘‘projection’’, ‘‘would’’, ‘‘annualized’’, “target” and ‘‘outlook’’, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements reflect various assumptions and involve elements of subjective judgement and analysis which may or may not prove to be correct and which are subject 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 presented in this communication. No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy 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 any forward-looking statements contained in this communication. 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 federal securities laws.