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Hold (2.50 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, January 25, 8:17 PM
Slide #476. Taylor Capital Group, Inc. — Preferred Stock Offering
| Company: |
Taylor Capital Group, Inc. (TAYC) |
| Date announced: |
11/16/2012 |
| $Amount Offered: |
$100,000,000 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Taylor Capital Group, Inc., the parent company of Cole Taylor Bank, priced a public offering of $100.0 million of its Perpetual Non-Cumulative Preferred Stock, Series A (the "Preferred Stock"), at a price of $25.00 per share. Dividends on the Preferred Stock will be payable when, as and if declared by the Company's board of directors on a non-cumulative basis at an annual rate of 8.00%. |
Taylor Capital Group is a bank holding company. Through its wholly-owned subsidiary, Cole Taylor Bank (the Bank), Co. operates in two segments: Banking, which consists of commercial banking, commercial real estate lending, asset-based lending, residential mortgage lending, commercial equipment leasing and retail banking as well as the provision of deposit products in the Chicago area; and Mortgage Banking, which originates, sells or services mortgage loans in 48 states and the District of Columbia. As of Dec 31 2012, Co. had total assets of $5.80 billion and deposits of $3.53 billion. Preferred: TAYCP
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