On March 6, 2007, Taylor Capital Group, Inc. (the "Registrant") issued a press release announcing corrections to the nonperforming loans balance reported in its January 25, 2007 earnings release and the impaired loans balance reported in a subsequent investor conference call. These corrections impact loans contractually past due 90 days or more but still accruing interest, nonaccrual loans and impaired loans at December 31, 2006. The Registrant previously reported year-end balances for nonperforming loans and impaired loans of $21.5 million and $20.7 million, respectively. The Registrant has since determined that the correct balances were $33.2 million and $24.1 million, respectively. The Registrant has concluded that the impact of these corrections on the Registrant's net income for the three months or year ended, or the allowance for loan losses at, December 31, 2006, was not material, and therefore, these amounts remain as previously reported.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Taylor Capital Group, Inc. press release dated March 6, 2007.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 6, 2007
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TAYLOR CAPITAL GROUP, INC. |
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By: |
/s/ ROBIN VANCASTLE |
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Robin VanCastle |
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Chief Accounting Officer |
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EXHIBIT INDEX
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Exhibit No. |
Description |
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99.1 |
Taylor Capital Group, Inc. press release dated March 6, 2007. |


