Cole Taylor Mortgage Customers Find "Pot of Gold" in Mortgage Payment Giveaway

ANN ARBOR, Mich., April 18, 2013 /PRNewswire/ -- Cole Taylor Mortgage, a division of Cole Taylor Bank, surprised 75 of its customers last month by giving them a "pot of gold" in honor of St. Patrick's Day: a month's free mortgage payment. One lucky customer will receive free mortgage payments for a year. The lucky winners' names were drawn at random on March 18, 2013, from the company's over 40,000 mortgage servicing customers.

The prize winners came from 19 states and Washington D.C., reflecting the company's growing national presence. The Grand Prize was awarded to Tom and Kathy Hall of Livonia, MI, who will enjoy a year without mortgage principal and interest payments. Members of the Cole Taylor Mortgage team, along with their lucky leprechaun, surprised Kathy at her place of business with the good news.

In reaction to winning the grand prize, Kathy Hall said, "I never win anything, so this is a really big surprise." Neither she nor Tom had seen their name listed as Grand Prize winners on the Cole Taylor Mortgage web site, so when she called her husband at work to explain Tom was stunned. According to Kathy, her husband could only keep repeating, "Wow!" 

Willie Newman, President of Cole Taylor Mortgage, commented, "We've been incredibly fortunate to have grown our business from a startup in 2009 to having 25 retail branch locations and originating loans in 44 states and the District of Columbia today. We wanted to share our good fortune with our customers by giving some of them a 'bit of gold found at rainbow's end.' We're truly grateful for the support of our customers and excited to share this opportunity with them."

For a list of winners and complete details regarding the "Pot of Gold" Mortgage Payment Giveaway, please visit coletaylormortgage.com/gold.

About Cole Taylor Mortgage
Cole Taylor Mortgage is a division of Cole Taylor Bank, a Chicago-based commercial bank with more than $5.8 billion in assets as of December 31, 2012. The division originates residential loans in 44 states through a combination of 25 retail mortgage branch locations in 12 states and independent mortgage bankers and brokers throughout the U.S. Visit coletaylormortgage.com for more information.

About Cole Taylor Bank
Cole Taylor Bank is a commercial bank headquartered in Chicago with assets of $5.8 billion as of December 31, 2012. The Bank specializes in serving the banking needs of closely held businesses and the people who manage them. With its national businesses, Cole Taylor Business Capital, Cole Taylor Equipment Finance and Cole Taylor Mortgage, the Bank also provides asset based lending, commercial equipment leasing 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. Visit www.coletaylor.com.

SOURCE Cole Taylor Mortgage