Byline Bancorp in Chicago bought back more than 418,000 shares of its stock in conjunction with a secondary offering.
The company said in a press release that the estate of Daniel Goodwin and Equity Shares Investors, an affiliate of the estate, sold nearly 4.3 million shares as part of the offering. The sellers sold the shares for about $106 million.
Byline did not sell any stock and it not receive any proceeds from the sale.
Certain Byline directors bought an aggregate of $1.3 million worth of shares in the offering.