MINNEAPOLIS - The president of Cole Taylor Financial Group, Chicago, predicted strong growth at Reliance Acceptance, the company's consumer finance subsidiary.
Commenting on Cole Taylor's performance at a recent analyst meeting, Bruce W. Taylor, president and chief operating officer said, "the continued strong growth at Reliance clearly demonstrates the market opportunities we think are available in this highly fragmented industry."
Reliance has opened five new offices since the beginning of the year, and now operates 30 branches in fourteen states. The latest office openings include Phoenix; Las Vegas; Burbank, Ill.; Charlotte, N.C., and Colorado Springs.
Cole Taylor Financial Group Inc. is the $1.8 billion-asset holding company for Cole Taylor Bank and Cole Taylor Finance Co. The bank currently operates nine branches in Illinois' Cook and DuPage counties.