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<FONT SIZE=4><P ALIGN="CENTER">UNITED STATES</P>


<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">Washington, D.C. 20549</P>


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</B></FONT><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>


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<P ALIGN="CENTER">CURRENT REPORT</P>


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<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the</P>


<P ALIGN="CENTER">Securities Exchange Act of 1934</P>


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<P ALIGN="CENTER">Date of Report (Date of Earliest Event Reported):  <U> April 21, 2004</P>


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<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>


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<B><P ALIGN="CENTER">Delaware</B></TD>


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<B><P ALIGN="CENTER">0-50034</B></TD>


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<B><P ALIGN="CENTER">36-4108550</B></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(State or other jurisdiction of incorporation)</B></FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(Commission File Number)</B></FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(IRS Employer Identification No.)</B></FONT></TD>


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<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=456>


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<B><P ALIGN="CENTER">9550 West Higgins Road, Rosemont, Illinois</B></TD>


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<B><P ALIGN="CENTER">60018</B></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(Address of principal executive offices)</B></FONT></TD>


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<P ALIGN="CENTER">Registrant</B>'<B>s telephone number, including area code:    <U>(847) 653-7978</P>


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<P ALIGN="JUSTIFY">Item 12.&#9;  Results of Operations and Financial Condition.</P>


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</B><P ALIGN="JUSTIFY">On April 21, 2004, the Registrant issued its earnings release for the three month periods ended March 31, 2004.  This earnings release is attached to this report as Exhibit 99.1 and incorporated herein by reference.</P>


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<P ALIGN="JUSTIFY">This information is furnished pursuant to Item 12 and shall not be deemed to be filed for the purposes of Section 18 of the Exchange Act.</P>


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<P>Management uses certain non-GAAP (generally accepted accounting principles) financial measures and ratios to evaluate the Company's performance.  Specifically, management reviews net interest income on a taxable equivalent basis.  In this non-GAAP financial measure, interest income and net interest income are adjusted to reflect tax-exempt interest income on an equivalent before-tax basis assuming an effective tax rate of 35%.  This assumed rate may differ from the Company's actual effective income tax rate.  In addition, the earning assets yield, net interest margin and the net interest rate spread are adjusted to a fully taxable equivalent basis.  Management believes that these measures and ratios present a more accurate view of the performance of interest-earning assets and ensure comparability of net interest income regardless of the mix of taxable and tax-exempt instruments.</P>


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<B><P ALIGN="CENTER">SIGNATURE</P>


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<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>


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<P ALIGN="JUSTIFY">Date:   April 21, 2004</P>


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<P ALIGN="RIGHT">TAYLOR CAPITAL GROUP, INC.</TD>


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<P ALIGN="RIGHT">By:&#9;</TD>


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<U><P>/s/ JEFFREY W. TAYLOR</U></TD>


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<P>Jeffrey W. Taylor</TD>


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<P>Chief Executive Officer</TD>


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<U><P ALIGN="CENTER">EXHIBIT INDEX</P>


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<P ALIGN="CENTER">Exhibit No.</TD>


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<P ALIGN="CENTER">Description</TD>


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<P ALIGN="CENTER">99.1</TD>


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<P ALIGN="JUSTIFY">Quarterly earnings release dated April 21, 2004.</TD>


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[{"type": "8-K", "sequence": "1", "filename": "rrd40010.htm", "description": "FIRST QUARTER 2004 EARNINGS RELEASE", "secsgml_size_bytes": 6492}]
{"company-data": {"conformed-name": "TAYLOR CAPITAL GROUP INC", "cik": "0001025536", "assigned-sic": "6022", "irs-number": "364108550", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50034", "film-number": "04746230"}, "business-address": {"street1": "350 EAST DUNDEE ROAD", "city": "WHEELING", "state": "IL", "zip": "60090", "phone": "8478086369"}, "mail-address": {"street1": "350 EAST DUNDEE ROAD", "city": "WHEELING", "state": "IL", "zip": "60090"}}
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):
April 21, 2004
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
Item 12.	  Results of Operations and Financial Condition.
On April 21, 2004, the Registrant issued its earnings release for the three month periods ended March 31, 2004.  This earnings release is attached to this report as Exhibit 99.1 and incorporated herein by reference.
This information is furnished pursuant to Item 12 and shall not be deemed to be filed for the purposes of Section 18 of the Exchange Act.
Management uses certain non-GAAP (generally accepted accounting principles) financial measures and ratios to evaluate the Company's performance.  Specifically, management reviews net interest income on a taxable equivalent basis.  In this non-GAAP financial measure, interest income and net interest income are adjusted to reflect tax-exempt interest income on an equivalent before-tax basis assuming an effective tax rate of 35%.  This assumed rate may differ from the Company's actual effective income tax rate.  In addition, the earning assets yield, net interest margin and the net interest rate spread are adjusted to a fully taxable equivalent basis.  Management believes that these measures and ratios present a more accurate view of the performance of interest-earning assets and ensure comparability of net interest income regardless of the mix of taxable and tax-exempt instruments.
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:   April 21, 2004
TAYLOR CAPITAL GROUP, INC.
By:
/s/ JEFFREY W. TAYLOR
Jeffrey W. Taylor
Chief Executive Officer
EXHIBIT INDEX
Exhibit No.
Description
99.1
Quarterly earnings release dated April 21, 2004.