Taylor Capital Group, Inc. Announces Quarterly Dividend on Trust Preferred Securities
CHICAGO, Sept. 4, 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 September 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 reflects an annualized rate of 9.75%, will be payable on September 30, 2013 to security holders of record on September 27, 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 $5.9 billion as of June 30, 2013. For more than 80 years, Cole Taylor Bank has been successfully meeting the banking needs of closely-held companies and the people who own and manage them by focusing on a relationship-based approach to business. Through its national businesses, Cole Taylor provides a full range of financial services, including asset based lending, commercial equipment financing, and residential mortgage lending.
SOURCE Taylor Capital Group, Inc.