An investigation on behalf of current investors of Taylor Capital Group, Inc. (NASDAQ: TAYCP and NASDAQ: TAYC) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.

According to the investigation by a law firm the investigation focuses on possible claims that certain Taylor Capital Groups senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Taylor Capital Group, Inc. serves as the holding company for Cole Taylor Bank, primarily engaged in commercial banking. The Bank provides a range of products and services primarily to closely-held commercial customers and their owner operators in the Chicago metropolitan area. The Bank offers corporate treasury cash management services to its commercial customers, which include Internet balance reporting, remote deposit capture, automated clearing house products, imaged lock-box processing, controlled disbursement and account reconciliation. Certain senior officers at Taylor Capital Group, Inc., were awarded salaries, bonuses, stock options and other forms of long-term, incentive or retirement compensation that was, so the investigation, excessive or unwarranted based on Taylor Capital Groups performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Taylor Capital Group, Inc. is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Taylor Capital Group, Inc. (NASDAQ: TAYCP and NASDAQ: TAYC) stockholders to influence or control future compensation decisions at Taylor Capital Group. Taylor Capital Group, Inc. is located in Rosemont, Illinois, and had $4.388billion in total assets in 2008. Shares of Taylor Capital Group, Inc. NASDAQ:TAYCP traded recently at $12.89 per share, down from over $25 per share in 2008 and NASDAQ: TAYC traded recently at $3.81 per share, down from over $20 per share in 2008 and over $38 per share in 2007.