SecProbe.io

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      June 23, 2005

Mail Stop 4561

By U.S. Mail and facsimile to (847)653-7890

Daniel C. Stevens
Chief Financial Officer
Taylor Capital Group, Inc.
9550 West Higgins Road
Rosemont, Illinois 60018

Re:	Taylor Capital Group, Inc.
	Form 10-K filed March 10, 2005
	File No. 0-50034

Dear Mr. Stevens:

	We have limited our review of your filing to those issues we
have addressed in our comments.  Where indicated, we think you
should
revise your document in response to these comments.  If you
disagree,
we will consider your explanation as to why our comment is
inapplicable or a revision is unnecessary.  Please be as detailed
as
necessary in your explanation.  In some of our comments, we may
ask
you to provide us with supplemental information so we may better
understand your disclosure.  After reviewing this information, we
may
or may not raise additional comments.

      Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Form 10-K for Year ended  December 31, 2004

Financial Statements for the Year ended December 31, 2004

Note 10. Income Taxes, page 80

	You state the Company did not recognize any income tax
benefit
in the financial statements regarding the litigation settlement
charge of $62 million and certain legal defense charges recorded
in
2002.  Considering your responses regarding this issue in your
letter
dated April 28, 2003 related to the 2002 Form 10-K, please tell
us,
and disclose in the income tax footnote or in MD&A in future
filings,
the following information:

* State the portion of the settlement charges that were deducted
in
the 2002 income tax return filed in 2003 and the basis for
determining the amount that was deducted.  We note your response
to
Comment 3 in the letter dated April 28, 2003 states that, based on
your conversations with legal counsel you estimate that less than
half of the litigation settlement payment will be deductible as
business expenses.

* Explain the general accounting assumptions used under SFAS 109
and
SFAS 5 for not recording the deferred tax asset for the income tax
benefit related to the settlement charges.

* Describe what factors you consider to determine if it is
probable
that the position taken on the income tax return will be sustained
by
the taxing authorities.  State any statutory limitations as to the
maximum period of time available for the taxing authorities to
challenge the deductions for these litigation settlement charges.

* State how you will account for the deferred tax assets upon
expiration of these statutory limitations or when you determine it
is
otherwise probable that your tax position will be sustained by the
taxing authorities. Consider in your response that you have not
recorded a valuation allowance in 2002 to reverse for changes in
judgment about the realizability of the related deferred tax asset
as
permitted by paragraph 26 of SFAS 109.

*	*	*

Closing Comments

      As appropriate, please response to these comments within 10
business days or tell us when you will provide us with a response.
Please furnish a cover letter with your amendment that keys your
responses to our comments and provides any requested supplemental
information.  Detailed cover letters greatly facilitate our
review.
Please understand that we may have additional comments after
reviewing your amendment and responses to our comments.

        In connection with responding to our comments, please
provide, in writing, a statement from the company acknowledging
that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;
* staff comments or changes to disclosure in response to staff
comments in the filings reviewed by the staff do not foreclose the
Commission from taking any action with respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

         In addition, please be advised that the Division of
Enforcement has access to all information you provide to the staff
of
the Division of Corporation Finance in our review of your filing
or
in response to our comments on your filing.

      You may contact Edwin Adames (Senior Staff Accountant) at
(202)
551-3447 or me at  (202) 551-3492 if your have any questions
regarding these comments.

						Sincerely,

						John P. Nolan
						Accounting Branch Chief
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Taylor Capital Group, Inc.
Daniel C. Stevens
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