2014

Cole Taylor Bank Teams Up With Nationwide Exchange Services to Expand and Enhance Tax-Deferred Exchange Offerings

    ROSEMONT, Ill., Oct. 28 /PRNewswire-FirstCall/ -- Cole Taylor Bank, one of
 Chicago's largest independent banks specializing in serving closely-held
 businesses, and Nationwide Exchange Services (NES), of Cupertino, CA, jointly
 announced today that they have reached an agreement to form a strategic
 alliance in the handling of Cole Taylor's tax-deferred 1031 exchange business.
     NES is a nationwide Qualified Intermediary providing a comprehensive set
 of tax-deferred exchange products delivered through an advanced business
 process technology platform.
     As a result of this new alliance, Cole Taylor Bank's team of skilled
 exchange professionals will immediately become part of the NES team, while the
 bank will be the primary financial custodian for NES in the Midwest Region.
 "By teaming up with Nationwide Exchange Services, we can now offer our
 customers an expanded set of tax-deferred 1031 exchange products, such as
 reverse and build-to-suit exchanges, at the highest level of customer service
 while delivering the industry's most competitive cost structure," Bruce
 Taylor, Cole Taylor's President and Chief Executive Officer, explained.  "We
 believe that their systems, processes and best of class 1031 solutions,
 combined with Cole Taylor's financial security and brand recognition, will
 allow us to further grow our deposits and offer superior solutions to our
 customers," Taylor added.
     "Extensive knowledge, increased 1031 transaction visibility and proactive
 customer support are NES' trademarks," said Michael Halloran, President of
 Nationwide Exchange Services.  "The addition of the talented team from Cole
 Taylor Bank, combined with our business process technology and suite of 1031
 solutions, will enable us to deliver a level of service and value that
 seamlessly supports Cole Taylor Bank's existing exchange customers and future
 client referrals."
     Scott Nathanson, formerly the head of Cole Taylor's Deferred Exchange,
 will head up Nationwide Exchange Services' new Midwestern Regional office in
 Chicago. As Vice President and Managing Director of NES, his responsibilities
 will include raising the awareness of NES' 1031 tax-deferred products and
 services throughout the central United States. "This is an exciting time for
 both NES and Cole Taylor Bank. This alliance allows us to build on an already
 stellar reputation of expertise and excellence in 1031 transactions.
 Collaboratively we can bring distinct advantages to all 1031 customer sets,
 from commercial developers and corporate entities, through individual
 investors - part of my job will be to get the word out," said Mr. Nathanson.
 
     About Cole Taylor
     Cole Taylor Bank, a subsidiary of Taylor Capital Group, Inc.
 (Nasdaq:   TAYC), is a dedicated business bank with  $3.1 billion in assets.
 Cole Taylor Bank is Chicago's leading commercial bank specializing in serving
 the business banking, real estate lending, and wealth management requirements
 of closely-held businesses and family owned small and mid-sized businesses.
 The Bank operates 11 banking center locations throughout the greater Chicago
 metropolitan area. Cole Taylor Bank is a member of FDIC and is an Equal
 Housing Lender.
 
     About Nationwide Exchange Services
     Nationwide Exchange Services ( http://www.nationwide1031.com ) is a
 leading Qualified Intermediary for Tax-Deferred 1031 Exchanges. Since 1990,
 NES has conducted thousands of successful 1031 exchange transactions across
 the nation. Today, NES is applying advanced technologies and secure business
 processes to deliver the highest standard of financial security, visibility,
 and customer service to establish a new standard for products and services in
 1031 tax-deferred exchanges.
 
     CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
     This press release includes forward-looking statements that reflect our
 current expectations and projections about our future results, performance,
 prospects and opportunities. We have tried to identify these forward-looking
 statements by using words including "may," "will," "expect," "anticipate,"
 "believe," "intend," "could" and "estimate" and similar expressions. These
 forward-looking statements are based on information currently available to us
 and are subject to a number of risks, uncertainties and other factors that
 could cause our actual results, performance, prospects or opportunities in
 2005 and beyond to differ materially from those expressed in, or implied by,
 these forward-looking statements. These risks, uncertainties and other factors
 include, without limitation: the effect on our profitability if interest rates
 fluctuate as well as the effect of our customers' changing use of our deposit
 products; the possibility that our wholesale funding sources may prove
 insufficient to replace deposits at maturity and support our growth; the risk
 that our allowance for loan losses may prove insufficient to absorb probable
 losses in our loan portfolio; possible volatility in loan charge-offs and
 recoveries between periods; the effectiveness of our hedging transactions and
 their impact on our future results of operations; the risks associated with
 implementing our business strategy and managing our growth effectively;
 changes in general economic conditions, interest rates, deposit flows, loan
 demand, including loan syndication opportunities, competition, legislation or
 regulatory and accounting principles, policies or guidelines, as well as other
 economic, competitive, governmental, regulatory and technological factors
 impacting our operations.
     For further information about these and other risks, uncertainties and
 factors, please review the disclosure included in the sections captioned "Risk
 Factors" in our December 31, 2004 Annual Report on Form 10-K filed with the
 SEC on March 10, 2005 and our Registration Statement on Form S-3 filed with
 the SEC on August 5, 2005.
     You should not place undue reliance on any forward-looking statements.
 Except as otherwise required by federal securities laws, we undertake no
 obligation to publicly update or revise any forward-looking statements or risk
 factors, whether as a result of new information, future events, changed
 circumstances or any other reason after the date of this press release.
 
 

SOURCE Taylor Capital Group, Inc.

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