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SOURCE Taylor Capital Group, Inc.
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.
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