Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 5:09 AM
Slide #370. Taylor Capital Group, Inc. — Preferred Stock Offering
||Taylor Capital Group, Inc. (TAYC)
|Price Per Share:
|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.
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