Byline Bank

In case you missed it, Byline Bank has been named one of Chicago Sun-Times Best Workplaces for 2024! This honor celebrates the best employers in Chicago, highlighting their contributions to the economy and workforce.

Want to learn more about the Best Workplaces program? Check out the full article here: https://ow.ly/j2aY50U1K15

We were so excited to partner with Association House of Chicago for their Halloween event! The Neurodiversity ERG at Byline Bank is proud to support their Life Skills education program, which empowers adults with developmental disabilities to grow their independence and build connections.

Together, we are making a positive impact in our community!

The LGTBQ+ Employee Resource Group at Byline Bank was proud to participate in a Back 2 School America LGTBQ+ themed volunteer event where we had the opportunity to put together school kits for children in need. The event took place at the Center on Halsted this past week.

This was a special evening of networking, volunteering, celebrating the LGBTQ+ history and achievements, and a chance to make a real impact by assembling Back-2 School Kits for students, families, and allies in need.

At Byline Bank, your security is our top priority. As part of Cybersecurity Awareness Month, we want to help you recognize and avoid online scams. Here’s what you need to know:

Common scams to watch for:

1. Fraudulent calls: Be wary of unsolicited phone calls asking for personal or financial information.
2. Fake banking websites: Always double-check URLs and ensure you’re on our official website before entering any sensitive information.

Verification practices:

1. Verify communications: If you receive an email or call claiming to be from Byline, verify its authenticity by contacting us directly through our official channels which are accessible via bylinebank.com
2. Check URLs: Ensure the website address starts with "https://" and look for our secure padlock icon in your browser’s address bar.

Stay vigilant and always protect your personal information.

For more tips and to report suspicious activity, visit our website or contact us directly: bylinebank.com/contact

We’re excited to announce that Byline Bank has been named a 2024 Chicago Sun-Times’ Best Workplace!

At Byline Bank, we pride ourselves on our entrepreneurial culture and giving employees the opportunity to grow.

Ready to grow your career with us?

Visit our careers page: bylinebank.com/careers

In an age when cyberattacks are becoming increasingly sophisticated, your passwords are more critical than ever. Here are a few ways to make your password stronger

- Avoid common passwords like "123456."
- Don’t reuse passwords.
- Use a mix of characters or a passphrase.
- Change passwords every 120 days.

For tips on creating secure passwords, check out the latest recommendations from cybersecurity experts on our website: https://ow.ly/z2jF50TK3I3

The Byline Bank Neurodiversity Employee Resource group had an amazing time supporting Glencoe Youth Services by volunteering to bag lunches for Sarah's Circle in Chicago.

Together with another nonprofit, we gathered and delivered donations to food pantries, helping those in need.

Safeguarding your data is more crucial than ever. That’s why at Byline we recommend following the 3-2-1 backup rule to ensure your critical information is always protected.

Here’s the 3-2-1 rule:

Three copies: Keep at least three copies of your data. This includes the original and two backups.

Two different formats: Store backups in at least two different formats, such as an external hard drive and cloud storage.

One offsite backup: Ensure that one backup is stored offsite or in the cloud to protect against local disasters like fires or theft.

This approach minimizes the risk of data loss from hardware failures, cyberattacks or unforeseen events.

https://ow.ly/EiMB50TK3Gp

Are you doing enough to protect your business? Here are some tips to fortify your cybersecurity practices:

1. Identify vulnerabilities: Know how your data is stored and accessed.

2. Implement security measures: Use firewalls, encryption and antivirus software, and enforce complex password policies.

3. Back up data: Follow the 3-2-1 rule for backups to ensure your data is safe in multiple formats and locations.

4. Educate employees: Create clear security policies and provide training on cybersecurity best practices.

Protecting your business is about staying informed and proactive. For more resources, visit our fraud prevention and security page: bylinebank.com/help/fraud-prevention-security

As a community bank, we believe in partnering with organizations that make a difference. We’re proud to sponsor the 2024 OPALGA+ Scholarship Gala on October 19, 2024.

The OPALGA+ Student Scholarship Fund provides financial support for the post-high school education of local students who have demonstrated service and advocacy to the LGBTQ+ community and/or the larger community.

For more information visit their website at: https://opalga.org/

Franchise financing is typically more complex than securing loans for independent small businesses. Lenders must consider factors beyond collateral, such as the franchise brand's enterprise value and the replicability of its business model.

Want to learn the best strategies for securing capital?

Our article breaks down key factors to consider when funding a franchise, from initial fees to expansion costs. Check it out here: bylinebank.com/insights/navigating-the-unique-financing-needs-of-franchise-businesses-as-growth-continues-in-2024/

We were proud to support the Misericordia Family Fest this past month at the Misericordia Campus in Chicago.

Byline Bank's Neurodiversity Employee Resource Group was honored to sponsor this event, benefiting Misericordia, a one-of-a-kind organization that serves 600 residents with a wide range of physical, developmental, psychological, and emotional challenges.

Our name was proudly displayed on the Friendship Arch, and our employees enjoyed volunteering to help make the day a huge success!

Have you ever wondered what the 50/30/20 rule is when it comes to finances?

- 50% Necessities: Allocate half of your income to essential expenses like housing, utilities, and groceries.
- 30% Discretionary Spending: Spend a portion on things you enjoy,
- 20% Savings and Repayment: Put this amount toward your savings goals and debt reduction.

Creating a budget using this rule can help you manage today’s costs while preparing for the future.

Learn how to tackle debt and save for your goals in our new article, "How to Pay Off Debt and Save for Key Priorities as Costs Continue to Rise.”

Check it out on our website here: https://ow.ly/j7Qy50TofrU

We are thrilled to be recognized as a recipient of the 2024 Illinois Bankers Association Innovation in Banking Award!

This award highlights our commitment to innovation in banking and enhancing customer experiences. Celebrating at the BankTech conference was a fantastic experience, and we are grateful for everyone's support!

All Byline branches are closed in observance of the holiday, but you can always bank online or through our app.

Franchise businesses continue to show resilience, with the sector projected to grow by 1.9% in 2024, adding 15,000 new units, and creating 221,000 jobs across the U.S.

While the franchise model benefits from established brand recognition, obtaining the capital needed to open a franchise location can be complex.

View our latest article “Navigating the Unique Financing Needs of Franchise Businesses as Growth Continues in 2024” for expert tips on securing funding, managing costs, and planning for expansion: bylinebank.com/insights/navigating-the-unique-financing-needs-of-franchise-businesses-as-growth-continues-in-2024/

October is Cybersecurity Awareness Month, and at Byline Bank, cybersecurity is more than just a priority—it is a core part of our mission.

This month, we’re excited to share essential cybersecurity tips. As always, feel free to visit our website for helpful resources and stay tuned for more tips throughout the month.

Together, we’re making the digital world a safer place.

Visit our website here: bylinebank.com/help/fraud-prevention-security

Here is a quick guide to the Debt Snowball and Debt Avalanche methods:

Debt Snowball: Focus on paying off your smallest debts first. As each debt is paid off, you gain momentum to tackle larger balances.

Debt Avalanche: Prioritize paying off debts with the highest interest rates first. This method saves you more money on interest over time, even though it might take longer to see progress.

Explore ways to manage debt and save for your top priorities with our latest article, " How to Pay Off Debt and Save for Key Priorities as Costs Continue to Rise."

Find the full article on our website here: https://ow.ly/ZQXz50TofhS