Business Context and Reporting Period
This Form 8-K was filed by Byline Bancorp, Inc. on January 9, 2019. The filing serves to incorporate by reference historical audited financial statements of Ridgestone Financial Services, Inc. (acquired in 2016) for potential future registration statements. Additionally, the filing provides updates regarding a proposed merger transaction between Byline and Oak Park River Forest Bankshares, Inc. ("Oak Park").
Key Financial Metrics
This filing does not contain current financial results, revenue, profit, cash flow, margins, debt, or liquidity metrics for Byline Bancorp, Inc. The only financial data referenced are historical audited statements for Ridgestone Financial Services, Inc. covering periods ending in 2015 and 2016, which are attached as exhibits but not summarized in the text of this report.
Material Changes
No material changes to Byline's financial condition or operations are reported in this document. The filing references a completed acquisition from 2016 and announces a new proposed merger with Oak Park, for which a definitive proxy statement/prospectus has not yet been filed.
Guidance, Outlook, and Risks
- Proposed Transaction: Byline intends to file a Form S-4 registration statement regarding the proposed merger with Oak Park. This will include a proxy statement and prospectus requiring Oak Park stockholder approval.
- Investor Advisory: Investors are urged to read the upcoming registration statement and proxy materials before making voting or investment decisions.
- Document Availability: Documents are available via the SEC website, Byline's website, or upon written request to the Corporate Secretary.
Key Facts for Investor Verification
- Verify the terms and timeline of the proposed merger with Oak Park River Forest Bankshares, Inc. once the Form S-4 is filed.
- Review the upcoming proxy statement/prospectus for details on the interests of Oak Park's directors and executive officers.
- Confirm that this 8-K does not contain current financial performance data for Byline Bancorp, Inc.