Taylor Capital Group Inc. in Rosemont, Ill., is positioning itself to raise more capital.
The $4.6 billion-asset company filed a shelf registration with the Securities and Exchange Commission on Monday to raise as much as $175 million. The registration statement would allow Taylor to issue common stock, preferred stock and debt. Taylor did not disclose any plans for the capital, saying it would provide more information at the time of the offering.
At Sept. 30, Taylor had a total risk-based capital ratio of 14.15%, but analysts have raised concerns about a thin tangible common equity ratio, which was 3.15% at the end of the third quarter. Typically, analysts deem a ratio below 5% as worrisome.