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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



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FORM 10-Q/A

Amendment No. 1



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QUARTERLY REPORT PURSUANT TO
SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2007

Commission File No.
0-50034



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TAYLOR CAPITAL GROUP, INC.

(Exact name of registrant as specified in its charter)



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|                                                               |  |                                        
|-------------------------------------------------------------- |  | ---------------------------------------
|Delaware                                                       |  | 36-4108550                             
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification Number)

9550 West Higgins Road

Rosemont, IL 60018

(Address, including zip code, of principal executive
offices)

(847) 653-7978

(Registrants telephone number, including area code)



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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No ̈

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of
the Exchange Act).

Large accelerated filer ̈Accelerated filer  x    Non-accelerated filer ̈

Indicate by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).

Yes ̈No  x

Indicate the number of outstanding shares of
each of the issuers classes of common stock, as of the latest practicable date: At July 31, 2007, there were 10,821,975 shares of Common Stock, $0.01 par value, outstanding.



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Explanatory Note

The cover page of the Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007, filed by Taylor Capital Group, Inc. (the Company) with the Securities and Exchange Commission on
August 6, 2007, contained a typographical error and inadvertently stated an incorrect number of outstanding shares of the Companys common stock. The correct number of such outstanding shares as of July 31, 2007 was 10,821,975, as
reflected on the cover page to this Quarterly Report on Form 10-Q/A.

Except as identified in the immediately preceding paragraph, no other
items included in the original Form 10-Q have been amended. This Amendment No. 1 on Form 10-Q/A does not modify or attempt to update the financial statements, footnotes or any other disclosures as contained in the original Form 10-Q.



|Item 6. | Exhibits
|------- | --------

The following exhibits are filed herewith:



|               |  |                                                                                                                                                                                   
|-------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit Number |  | Description of Exhibits                                                                                                                                                           
|31.1           |  | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) under the Security Exchange Act of 1934.                                                                      
|               | 
|31.2           |  | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) under the Security Exchange Act of 1934.                                                                      
|               | 
|32.1           |  | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.



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SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



|                     |  |                                                
|-------------------- |  | -----------------------------------------------
|                     |  | TAYLOR CAPITAL GROUP, INC.                     
|Date: August 8, 2007 |  |                                                
|                     | 
|                     |  | /s/ BRUCE W. TAYLOR                            
|                     |  | Bruce W. Taylor                                
|                     |  | Chairman, Chief Executive Officer and President
|                     |  | (Principal Executive Officer)                  
|                     | 
|                     |  | /s/ ROBIN VANCASTLE                            
|                     |  | Robin VanCastle                                
|                     |  | Chief Financial Officer                        
|                     |  | (Principal Financial and Accounting Officer)