CHICAGO, Dec. 23, 2013 /PRNewswire/ -- Taylor Capital
Group, Inc. (the "Company") (NASDAQ: TAYC), the parent company of
Cole Taylor Bank (the "Bank"), completed the previously announced
redemption of the last shares of its outstanding Fixed Rate
Cumulative Perpetual Preferred Stock, Series B. These shares
were redeemed at 100% of their liquidation preference plus accrued
and unpaid dividends to the date of redemption, for an aggregate
redemption payment of $20.1
million. The transaction was funded using available
cash on hand at the Company.
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.
Visit www.coletaylor.com
Forward Looking Statement Disclaimer Referenced In
Comments:
Forward-looking statements: Certain statements in this press
release constitute forward-looking statements. These
forward-looking statements reflect our current expectation about
certain prospects and opportunities, and anticipated or expected
events. We have tried to identify these forward-looking statements
by using words such as "may," "plan," "should," "will,"
"expect," "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
performance and actual events in 2013 and beyond to differ
materially from expectations expressed in, or implied by, these
forward-looking statements.
SOURCE Taylor Capital Group, Inc.