Taylor Capital Group Inc.'s largest investors have again chipped in capital.
The $4.5 billion-asset Chicago company said Tuesday that it raised $25 million in a private placement with investors such as Harrison Steans, a former chairman of LaSalle National Bank; Jennifer Steans, the chairman of USAmeribancorp Inc. in Largo, Fla.; and Bruce Taylor, chairman of Taylor Capital. Investors also included other members of the Steans family and Prairie Capital.
The investors paid $25 for each share of the company's preferred series F stock. Stockholders approved the conversion of the F shares to either common stock or series G stock, which Taylor described as a common equivalent.
The investors received 2.5 shares of common or series G for each share of series F stock.
