Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 19, 2009, Taylor Capital Group, Inc. (the "Company") and Cole Taylor Bank (the "Bank"), the Company's wholly-owned subsidiary, announced the hiring of Randall T. Conte as an Executive Vice President and Chief Operating Officer of the Bank, effective as of October 27, 2008. Mr. Conte, 48, will be responsible for bank operations, corporate services, project management, information technology, customer service and banking locations.

Prior to joining the Bank, Mr. Conte was with ABN Amro North America and its LaSalle Bank organization from 1998 to 2008. Most recently, from 2007 to 2008, Mr. Conte was Executive Vice President and Head of Operations for LaSalle Bank in Chicago, Illinois, responsible for LaSalle's retail, consumer, mortgage and virtual banking businesses. From 2005 to 2007, Mr. Conte was Executive Vice President and Chief Operations Officer of ABN Amro Mortgage Group, located in Ann Arbor, Michigan. From 1999 to 2005, Mr. Conte was Corporate Controller of LaSalle Bank Corporation, located in Chicago, Illinois. Prior to his tenure at ABN Amro and LaSalle Bank, Mr. Conte held positions at SBC Warburg (now UBS) and in public accounting. Mr. Conte is a certified public accountant.

Mr. Conte does not have any family relationship with any other executive officer of the Company, with any director of the Company, or with any person selected to become an officer or a director of the Company. Neither Mr. Conte, nor any member of his immediate family, is a party to any transaction or proposed transaction with the Company. There are no arrangements or understandings between Mr. Conte and any other person pursuant to which Mr. Conte was selected as Executive Vice President and Chief Operating Officer of the Company.

A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.