If the latest data on commercial and industrial lending could be translated into sound, it would be a giant hissing noise. Executives at Taylor Capital Group Inc. of Chicago can name that tune.
The company had explosive growth in business credits last year, but demand for them has deflated during the prolonged recession. Its C&I portfolio fell 3.1 percent, to $1.44 billion, in the first quarter, according to regulatory filings. Last year the portfolio grew by about 91 percent.