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<B><P ALIGN="JUSTIFY"></P>
<P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<FONT SIZE=2><P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
</FONT><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
</B></FONT>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER">Pursuant to Section 13 OR 15(d) of </P>
<P ALIGN="CENTER">The Securities Exchange Act of 1934</P>
<FONT SIZE=4><P ALIGN="JUSTIFY"></P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER">Date of Report (Date of Earliest Event Reported):  <U> May 10, 2007</P>
</U><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taylor Capital Group, Inc.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</U><FONT SIZE=2><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>
</FONT><P ALIGN="JUSTIFY"></P></B>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">Delaware</B></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">0-50034</B></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">36-4108550</B></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(State or other jurisdiction of incorporation)</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(Commission File Number)</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(IRS Employer Identification No.)</B></FONT></TD>
</TR>
</TABLE>
<B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P></B>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=456>
<TR><TD WIDTH="76%" VALIGN="TOP">
<B><P ALIGN="CENTER">9550 West Higgins Road, Rosemont, Illinois</B></TD>
<TD WIDTH="24%" VALIGN="TOP">
<B><P ALIGN="CENTER">60018</B></TD>
</TR>
<TR><TD WIDTH="76%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(Address of principal executive offices)</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(Zip Code)</B></FONT></TD>
</TR>
</TABLE>
</CENTER></P>
<B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER">Registrant</B>'<B>s telephone number, including area code:    <U>(847) 653-7978</P>
</B></U><FONT SIZE=2><P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</FONT><B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">Item 7.01 Regulation FD Disclosure </P>
<P ALIGN="JUSTIFY"></P>
</B><P>On May 10, 2007, Taylor Capital Group, Inc. (the "Registrant") announced its intention to repurchase up to $10 million of its issued and outstanding shares of common stock.  These shares will be purchased from time to time in the open market, through block trades or otherwise; over a twelve-month period depending upon market conditions.  The repurchase program does not require the Registrant to purchase any specific number of shares.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.</P>
<P ALIGN="JUSTIFY"></P>
<P>The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P>Item 9.01 Financial Statements and Exhibits.</P>
</B>
<P>(d) Exhibits</P>
<DIR>
<P ALIGN="JUSTIFY">&#9;99.1  Press Release dated May 10, 2007.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><FONT SIZE=1><P ALIGN="JUSTIFY">&nbsp;</P>
</B></FONT><P ALIGN="CENTER">&nbsp;</P></DIR>
<B><P ALIGN="CENTER">SIGNATURE</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">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.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Date:   May 10, 2007</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=259>
<TR><TD VALIGN="TOP" COLSPAN=2>
<P ALIGN="RIGHT">TAYLOR CAPITAL GROUP, INC.</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="TOP">
<P ALIGN="RIGHT">By:&#9;</TD>
<TD WIDTH="81%" VALIGN="TOP">
<U><P>/s/ ROBIN VANCASTLE</U></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="81%" VALIGN="TOP">
<P>Robin VanCastle</TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="81%" VALIGN="TOP">
<P>Chief Financial Officer</TD>
</TR>
</TABLE>
</P>
<P ALIGN="JUSTIFY"></P>
<U><P ALIGN="CENTER">Exhibit Index</P>
</U><P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<P>&#9;Exhibit</P>
<P>&#9;<U>Number</U>&#9;&#9;&#9;&#9;<U>Description of Exhibits</P>
</U><P>&#9;&#9;</P>
<P ALIGN="JUSTIFY">&#9;         99.1&#9;&#9;&#9;Press release dated May 10, 2007.</P>
<P ALIGN="JUSTIFY"></P>
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UNITED STATES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
May 10, 2007
Taylor Capital Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
0-50034
36-4108550
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
9550 West Higgins Road, Rosemont, Illinois
60018
(Address of principal executive offices)
(Zip Code)
Registrant
'
s telephone number, including area code:
(847) 653-7978
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On May 10, 2007, Taylor Capital Group, Inc. (the "Registrant") announced its intention to repurchase up to $10 million of its issued and outstanding shares of common stock.  These shares will be purchased from time to time in the open market, through block trades or otherwise; over a twelve-month period depending upon market conditions.  The repurchase program does not require the Registrant to purchase any specific number of shares.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1  Press Release dated May 10, 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:   May 10, 2007
TAYLOR CAPITAL GROUP, INC.
By:
/s/ ROBIN VANCASTLE
Robin VanCastle
Chief Financial Officer
Exhibit Index
Exhibit
Number
Description of Exhibits
99.1			Press release dated May 10, 2007.