Assets grow 58% YoY, pushing Byline Financial Group up the list 15 spots in 2022
Byline Financial Group’s fast-growing equipment finance division was named to the Monitor 100 as one of the top U.S. equipment finance companies. Byline Financial Group’s year-over-year total assets grew by 58% in 2022, landing Byline Financial Group at No. 84, a jump of 15 spots from No. 99 on last year’s Monitor 100 list.
Byline Financial Group grew its assets to $357.8 million in 2022 from $226.4 million in 2021. New business volume nearly doubled year over year, from $126.9 million in 2021 to $249 million in 2022. Lyndon Thompson, president at Byline Financial Group, credits the success to outstanding servicing of customers quickly and on time. The Material Handling and Compact Utility groups have been leading the way for growth.
“We continue to punch above our weight for the clients in the industries we deal with,” said Thompson. “Our team serves manufacturers, dealers, and end-user customers nationwide with seamless customer service to ensure that business owners have access to the equipment they need during this difficult time for small business owners.”
Byline Financial Group is a full-service commercial financing business servicing all aspects of the transaction, from inception to termination under one roof in Bannockburn, Il. Alongside Thompson, Amy Fischer, Dale Kiser, Brian Wunsch, Robert Condon, Sue Herndon and Steve Ginsberg have led the group to continued success by making quick informed decisions, acting on trends quickly, and always remaining focused on exceptional service paired with speed. Byline Financial Group is a wholly owned subsidiary of Byline Bank, Chicago, IL.
The Monitor 100 is published by MonitorDaily, a leading publication in the equipment finance industry. The list is an annual report of the largest equipment finance and leasing companies in the United States. More information about the Monitor 100 is available at monitor100.monitordaily.com.
About Byline Bank
Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $7.3 billion in assets and operates more than 30 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 Small Business Administration lenders in the United States. For more information, visit www.bylinebank.com. Byline Bank is a member of FDIC and Equal Housing Lender.