Byline Bancorp, Inc. announced Tim Hadro has announced his desire to retire and step down as Chief Credit Officer effective July 31. He will remain an advisor with the company and assist in the transition. Owen Beacom, currently Deputy Chief Credit Officer, will succeed Hadro as Chief Credit Officer.

“Tim was instrumental in the establishment of Byline’s strong credit culture and we are deeply grateful for his many years of exceptional service. Tim has been here since the recapitalization of the company in 2013 and now having completed and integrated several acquisitions, the timing for the transition seemed right. We will continue to benefit from Tim’s knowledge and experience as he will remain an advisor to the company,” said Alberto Paracchini, President and Chief Executive Officer of Byline Bancorp. “Owen has worked closely with Tim in preparation for his eventual retirement and is well suited to handle the responsibilities of Chief Credit Officer. Owen has a deep understanding of our loan portfolio, credit policies, markets and customer base, and will provide strong leadership and continuity for our credit administration functions while we continue to grow in the years ahead.”

Beacom has more than 35 years of experience in the banking industry. He joined Byline in May 2018 following its acquisition of First Evanston Bancorp, where he served as Managing Director, Chief Lending Officer from 2004 to 2018. From 1990 to 2004, Beacom held senior lending positions at Chicago area banks including Bank One, American National Bank of Chicago and Lake Shore National Bank. Since 2012, Beacom has served as a member director of the Federal Home Loan Bank of Chicago. He has a bachelor’s degree in economics from Harvard University, a master’s degree in accounting from DePaul University, and a master’s degree in business administration from the University of Chicago.

Headquartered in Chicago, Byline Bancorp, Inc. is the parent company for Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. 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 10 Small Business Administration lenders in the United States.