CHICAGO, June 18, 2013 /PRNewswire/ -- Taylor Capital Group, Inc. (the "Company") (NASDAQ: TAYC) the parent company of Cole Taylor Bank (the "Bank"), today announced that the quarterly cash dividend will be paid on the trust securities of TAYC Capital Trust I (NASDAQ: TAYCP), an issue of its Trust Preferred Securities, for the quarter ended June 30, 2013. TAYC Capital Trust I is a Delaware Statutory Trust, and is an unconsolidated subsidiary of Taylor Capital Group, Inc.
The quarterly dividend, which is at an annualized rate of 9.75%, will be payable on July 1, 2013 to security holders of record on June 28, 2013. This dividend announcement, as well as additional information, can be found on Taylor Capital Group's website: www.taylorcapitalgroup.com.
About Taylor Capital Group, Inc. (NASDAQ: TAYC) Taylor Capital Group, Inc. is the holding company of Cole Taylor Bank, a commercial bank headquartered in Chicago with assets of $5.8 billion as of March 31, 2013. Cole Taylor specializes in serving the banking needs of closely held businesses and the people who own and manage them.
With its national businesses, the Bank also provides asset-based lending, commercial equipment financing and residential mortgage lending through a growing network of offices throughout the United States. Cole Taylor is a member of the FDIC and is an Equal Housing Lender.
SOURCE Taylor Capital Group, Inc.