PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 20, 12:37 AM
| This Slide: #576 of 620 |
Slide #576. 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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Avg. Broker Rec.
  
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Hold (2.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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