CHICAGO, Dec. 2, 2013 /PRNewswire/ -- Taylor Capital
Group, Inc. (the "Company") (NASDAQ: TAYC) the parent company of
Cole Taylor Bank (the "Bank"), today announced the declaration of a
quarterly cash dividend of $0.50 per
share on its Series A perpetual non-cumulative preferred stock (the
"Series A Preferred Stock") (NASDAQ: TAYCO). The dividend is
payable on February 17, 2014 to
stockholders of record on February 2,
2014.
The declaration of this dividend represents the second quarterly
Series A dividend declared in the fourth quarter of 2013.
This was done to adhere to the notice requirements of the Series A
Preferred Stock, given the previously announced redemption of
47,650 shares of the Company's Fixed Rate Cumulative Perpetual
Preferred Stock Series B. Neither the record date of
February 2, 2014 nor payment date of
February 17, 2014 are impacted by the
timing of this dividend declaration.
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 $6.0 billion as of
September 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.