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                                  EXHIBIT 11

                   COMPUTATION OF PRIMARY EARNINGS PER SHARE

<TABLE>
<CAPTION>
                                                           Successor
                                                        Basis - Taylor
                                                        Capital Group,                                        
                                                             Inc. -                                           
                                                          Consolidated                                        
                                                       For the Period of                                      
                                                       Feb. 12, 1997 to                                       
                                                        Mar. 31, 1997                                         
                                                        -------------                                         
<S>                                                     <C>                                                   
AVERAGE COMMON AND COMMON EQUIVALENT                                                                          
SHARES OUTSTANDING:                                                                                           
                                                                                                              
1  Average common shares outstanding                      4,500,000                                           
                                                         ==========                                                            
                                                                                                              
EARNINGS:                                                                                                     
                                                                                                              
2  Net income                                            $2,008,000                                           
                                                                                                              
3  Less preferred stock dividends                           468,562                                           
                                                         ----------                                                            
4  Earnings available for common shares                  $1,539,438                                           
                                                         ==========                                                            
                                                                                                              
PER SHARE AMOUNTS:                                                                                            
                                                                                                              
   Net income per share (line 4 / line 1)                $     0.34                                           
                                                         ==========                                                            


Note: In all periods, earnings per share were calculated using the treasury stock method.  Fully diluted earnings per share are not 
      presented as they are less than 3% dilutive.

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