Taylor Capital Group of Rosemont, Ill., has hired seven commercial lenders away from four of its competitors.
In a conference call Tuesday, chairman and chief executive Jeffrey Taylor called the additions a "big win" for his $3.3 billion-asset company as it aims to increase its share of the highly competitive Chicago market.
Taylor Capital is the parent company of Cole Taylor Bank, which targets small, closely held businesses. The seven lenders give it 29 commercial lenders and add two sales teams, bringing the total to five teams.
Senior vice president Kristopher S. Leidel and vice presidents Anton C. Gust and Louis J. Weinzelbaum joined Cole Taylor from Fifth Third Bank. Vice presidents Karen Bartman and Sandra Fleck were formerly with LaSalle Bank. Vice president Shane E. Green had been with National City Bank and vice president Joel M. Gordon was previously with Robinson Financial Group.
The new hires will add $1.15 million to expenses, but the company expects to make that up in additional revenue within 18 months, Mr. Taylor said.
