Inland Bank's Path to Growth and Expansion

The bank's expansion into new markets began in 2005, with the acquisition of a community bank in a nearby city. This strategic move allowed Inland Bank to tap into new customer bases and increase its presence in the region.

Inland Bank's focus on technology has been a key factor in its growth. By investing in digital banking platforms, the bank has been able to offer customers a range of online and mobile banking services, including bill pay and account management.

The bank's commitment to community development has also played a significant role in its expansion. Inland Bank has established partnerships with local businesses and organizations to provide financial education and support to underserved communities.

Inland Bank was founded in 1921 and has been serving the community for over 100 years. It has a rich history of providing financial services to its customers.

The bank has a strong focus on community involvement, with a commitment to giving back to the local area. Inland Bank has a long history of supporting local charities and organizations.

Inland Bank's headquarters is located in a small town in the Midwest, where it has a significant presence in the local economy.

We're dedicated to providing exceptional customer service and community involvement. Inland Bank has been serving the local community for over 90 years, with a rich history of helping residents and businesses achieve their financial goals.

We strive to make banking accessible and convenient for everyone. Our online banking platform allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes.

Our team of experienced bankers is committed to helping customers navigate the banking process with ease. We offer a variety of financial products and services, including personal and business loans, credit cards, and investment services.

We're proud to be a part of the local community, and we're committed to giving back through charitable donations and sponsorships. Inland Bank has a long history of supporting local organizations and events, and we're always looking for new ways to get involved.

Our goal is to be the go-to bank for local residents and businesses, providing expert advice and personalized service every step of the way. We're passionate about building strong relationships with our customers and helping them achieve their financial dreams.

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At Inland Bank, we're guided by a set of core values that shape everything we do.

We believe in putting our customers first, just like we did when we introduced our innovative mobile banking app that allows customers to manage their accounts on the go.

Our commitment to community involvement is evident in our partnerships with local organizations that support economic development and education.

We strive to be a responsible business, as seen in our efforts to reduce our carbon footprint through energy-efficient banking practices.

We're dedicated to making banking easy and accessible, which is why we offer extended banking hours and online services that fit our customers' busy lifestyles.

Our team is passionate about delivering exceptional customer service, a value that's reflected in our high customer satisfaction ratings.

Inland Bank offers a range of personal banking services, including checking and savings accounts.

Their checking account has no monthly maintenance fees for accounts with direct deposit, and it comes with a debit card and online banking.

You can also open a savings account with Inland Bank, which earns a competitive interest rate and has no minimum balance requirement.

Inland Bank's mobile banking app allows you to check your account balances, transfer funds, and pay bills on the go.

Their online banking platform offers bill pay, account transfers, and budgeting tools to help you manage your finances.

Inland Bank has a complex history that dates back to 1977 when it was founded as Bank of Villa Park.

The bank's name has changed twice, first to Bank of Illinois in DuPage in 1987 and then to AmeriMark Bank in 1997.

In 2008, Inland Bancorp acquired AmeriMark Bank and renamed it Inland Bank & Trust.

A unique arrangement allowed the bank to appear profitable during the 2008 Recession by shifting losses to an undisclosed sister company owned by Goodwin.

Regulators intervened in 2012 and reversed this arrangement, requiring Goodwin and other shareholders to inject $30 million in new equity into the bank.

The bank received a total of $731,404 in financial awards from the United States Department of the Treasury's Bank Enterprise Award Program from 2009 to 2013.

In 2014, the bank announced plans to expand and become a public company through an initial public offering, but the Illinois Securities Department issued a subpoena regarding the bank's transactions with InvenTrust Properties.

The bank has had its share of controversies, including a lawsuit for racial discrimination regarding a loan modification request in 2017.

Byline Bancorp has entered into a merger agreement with Inland Bancorp, Inc. The cash and stock transaction is valued at approximately $165 million.

The combined organization will have approximately $8.5 billion in assets, $6.2 billion in loans, and $6.6 billion in deposits. This will make Byline the largest community bank in Chicago with assets under $10 billion.

Byline's CEO, Roberto Herencia, is looking forward to continuing Inland Bank and Trust's client and community relationships. He sees great value in the partnership.

The merger will expand Byline's footprint into other attractive and contiguous suburban Chicago communities. This will give the bank a stronger presence in the area.

The deal doesn't include the Inland Group of Companies, which is owned by Inland Bancorp's majority owner, Dan Goodwin.

For another approach, see: Old National Bancorp First Midwest Merger