exechange

Search
Skip to content
  • About
    • Who we are
    • Long story short
    • Short story long
  • Push-out Score™
    • Push-out Score
    • How to assess
    • FAQ
    • History
    • Examples
    • Benefits
    • Limitations
    • Research
    • Simplified Push-out Algorithm™
    • Irony, sarcasm and truth
    • Data and flags
  • Research news
  • Press
  • Terms
  • Privacy
  • Contact
Uncategorized

Byline CEO Alberto Paracchini leaves his post

January 29, 2021 exechange
  • Push-out Score determined
  • After almost eight years in the position
  • Praise for Paracchini
  • Roberto Herencia taking over
  • Paracchini will remain as President at Byline
  • Paracchini made a lengthy statement and said 296 words

(exechange) — Chicago, Illinois, January 28, 2021 — Alberto Paracchini, chief executive of Byline, leaves his position. As announced by Byline Bancorp Inc. in a news release and in a regulatory filing published on Thursday, January 28, 2021, Alberto J. Paracchini leaves his post as chief executive officer of the parent company of Byline Bank after almost eight years in the role, effective February 12, 2021.

Alberto Paracchini’s duties as CEO will be taken over by Roberto R. Herencia, currently Chairman of Byline Bancorp Inc.

“To accelerate and support the execution of the Company’s strategic plan”

Alberto Paracchini’s departure from the CEO post is explained as follows. Byline said: “The changes are intended to accelerate and support the execution of the Company’s strategic plan, specifically its growth strategy, as a leading commercial bank in the Chicago MSA.”

Paracchini will remain as President at Byline

“Alberto J. Paracchini will continue in his role as President of Byline Bancorp, Inc.  Mr. Paracchini will also continue in his role as President and Chief Executive Officer of Byline Bank, reporting directly to Mr. Herencia, and remains a director of Byline Bancorp, Inc. and Byline Bank,” Byline said.

Share price decline since January 2018

The announcement follows a decline in Byline Bancorp Inc.’s share price of 36% since January 2018.

In the position of CEO since 2013

Alberto Paracchini became CEO of the Company in 2013.

Alberto J. Paracchini has served as President, Chief Executive Officer and Director of Byline Bancorp, Inc. and Byline Bank since June 2013.

Paracchini also serves as a member of the executive credit and ALCO committees of Byline Bank.

Prior to joining Byline, Paracchini served as Principal for BXM Holdings, Inc., an investment fund specializing in community bank investments, from October 2010 to June 2013 and spent 16 years at Popular, Inc., where he held numerous leadership positions in both its banking and mortgage subsidiaries.

From January 2010 through May 2010, Paracchini was Executive Vice President at Midwest Bank & Trust.

From 2006 through 2008, Paracchini served as President and Chief Financial Officer of Popular Financial Holdings and Chief Financial Officer of E-Loan, an internet banking and mortgage company.

Prior to 2006, Paracchini spent 13 years at Banco Popular North America, where he held several senior leadership roles including Chief Financial Officer, Treasurer and the head of all operations and technology functions.

Paracchini is a member of the Cook County Council of Economic Advisors and Economic Club of Chicago, and a member of the Board of Junior Achievement.

Paracchini holds a bachelor’s degree from Marquette University and an M.B.A. from the University of Chicago Booth School of Business.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Alberto Paracchini’s move on a scale of 0 to 10.

exechange reached out to Byline and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 5.2021 ($).

Alberto J. ParacchiniBanks—RegionalBylineByline BancorpByline Bancorp Inc.ChicagoFinancial ServicesIllinoisInc.Roberto R. Herencia

Post navigation

Previous PostStride CEO Nate Davis leaves his postNext PostWorking from home as the new normal?

Who leaves

  • Viridian CEO Jonathan Violin leaves 
  • Vista Outdoor CEO Chris Metz leaves 
  • Old Dominion CEO Greg Gantt leaves 
  • Wintrust CEO Ed Wehmer leaves post 
  • Vir CEO George Scangos leaves 

Newsletter

We keep you up to date on the latest CEO changes. Sign up and receive our free newsletter every Monday morning.



Research

Press citations

Push-out Score in 100 seconds

weekly report

exechange publishes weekly reports ($) on capital market-relevant executive changes. To subscribe, click here.

Push-out Score

Who comes.
Who leaves.
Who wants to go.
Who has to go.
Who is praised.
Who is blamed.
Who wins.
Who loses.
Who’s in.
Who’s out.
Who is good.
Who is bad.
Who recovers.
Who is well.
Who steps back.
Who kicks back.
Who signs.
Who resigns.
Who fits.
Who quits.
Who’s old.
Who’s obsolete.
Who’s number 1.
Who’s number 2.
Who goes ahead.
Who goes behind.
Who is there.
Who is gone.
Who is right.
Who is left.
Who fights for honor.
Who fights for money.
Who is selected.
Who is sorted out.
Who is honored.
Who is humbled.
Who benefits.
Who suffers.
Who goes through hell.
Who keeps going.
Who bows.
Who bows out.
Who is host.
Who is hostile.
Who is good man.
Who is bad man.
Who is a friend.
Who is an enemy.
Who is hired.
Who is fired.
Who steps up.
Who steps down.
Who chairs.
Who presides.
Who is over.
Who is under.
Who gives in.
Who gives up.
Who prompts.
Who repeats.
Who leaves early.
Who leaves late.
Who designs.
Who resigns.
Who excites.
Who exits.
Who is first.
Who is last.
Who is successful.
Who is successor.
Who congratulates.
Who wishes luck.
Who packs in.
Who packs out.
Who reigns.
Who serves.
Who speaks.
Who is silent.
Who sits.
Who lies.
Who heals.
Who hurts.
Who sees green.
Who sees red.
Who soothes.
Who scolds.
Who is sorry.
Who is sad.
Who is thrilled.
Who mourns.
Who is up.
Who is down.
Who helps.
Who betrays.
Who is not named.
Who is shamed.
Who is missed.
Who is dismissed.
Who commands.
Who obeys.
Who is a leader.
Who is a follower.
Who accepts.
Who regrets.
Who is at C-level.
Who is at eye level.
Who is hero.
Who is zero.
Who is welcomed.
Who is ousted.
Who decides.
Who departs.
Who is groomed.
Who is doomed.
Who is major.
Who is minor.
Who assists.
Who stands by.
Who is refunded.
Who is replaced.
Who contributes.
Who distributes.
Who is family.
Who is familiar.
Who is confident.
Who is confidant.
Who has tailwind.
Who has headwind.
Who is in quest.
Who is at rest.
Who does well.
Who means well.
Who will be back.
Who leaves for good.
Who stumbles.
Who crumbles.
Who topples.
Who tumbles.
Who is victor.
Who is victim.
Who pays.
Who pays back.
Who earns it.
Who deserves it.
Who is vested.
Who is invested.
Who is a big wheel.
Who is a bigwig.
Who is chief.
Who is big kahuna.
Who is Who.
Who says what.
Who has a vote.
Who has a say.
Who has the last word.
Who can say it?

© exechange

  • About
    • Who we are
    • Long story short
    • Short story long
  • Push-out Score™
    • Push-out Score
    • How to assess
    • FAQ
    • History
    • Examples
    • Benefits
    • Limitations
    • Research
    • Simplified Push-out Algorithm™
    • Irony, sarcasm and truth
    • Data and flags
  • Research news
  • Press
  • Terms
  • Privacy
  • Contact
Privacy Proudly powered by WordPress

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Privacy Overview
exechange

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!