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Stock Market & Financial Investment News

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November 16, 2012
08:53 EDTTAYCTaylor Capital announces pricing of $100M preferred stock offering
Taylor Capital Group, the parent company of Cole Taylor Bank, priced a public offering of $100M of its Perpetual Non-Cumulative Preferred Stock, Series A, 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%. Sandler O'Neill & Partners is the sole book running manager for the offering. Co-managers are Stifel Nicolaus & Co, Inc., Janney Montgomery Scott LLC., and Boenning & Scattergood, Inc.
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