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                                                                   EXHIBIT 10.14

                      SECURITY AGREEMENT AND ASSIGNMENT OF
                   EUROPEAN AMERICAN BANK SAFEKEEPING ACCOUNT

To:
LaSalle National Bank Chicago, Illinois 60674

Ladies and Gentlemen:

The undersigned hereby expressly assigns, grants, transfers and pledges to
LASALLE NATIONAL BANK (the "Bank"), as security for the payment to the Bank of
all of its obligations to the Bank, howsoever created, arising or evidenced,
whether direct or indirect, joint, several or joint and several, absolute or
contingent, now or hereafter existing, or due or to become due under that
certain Loan Agreement (as amended, the "Agreement"), dated as of February 12,
1997, between the undersigned and the Bank (the "Obligations"), a security
interest in the 1,500,000 shares of common stock of Cole Taylor Bank (the
"Pledged Shares") deposited in a safekeeping account (the "Account") with
EUROPEAN AMERICAN BANK (the "Custodian") pursuant to that certain Third Party
Safekeeping Agreement dated as of December 29, 1997 (as amended, the
"Safekeeping Agreement") among the undersigned, the Bank and the Custodian,
together with all substitutions or replacements of the Pledged Shares, as well
as all additions to, and income, interest and dividends on the Pledged Shares
and also including all stock received by the Custodian as the result of any
stock splits and stock dividends declared on the Pledged Shares (collectively,
the "Collateral"). The undersigned represents and warrants to the Bank that it
is the owner of the Collateral and has full power and authority to enter into
this Agreement and no other consents of any other persons are required to be
obtained in connection with the execution and delivery of this Agreement, and
that the Collateral is subject to no existing security agreement or lien.

It is agreed that the Collateral may be held, dealt with, and disposed of by the
Bank, in accordance with the terms, conditions and powers contained in the
instrument or instruments evidencing said Obligations as if the Collateral were
specifically described therein and stated to be collateral therefore, and that
this Agreement shall in no way be construed as limiting or modifying in any
respect the terms of the instrument or instruments evidencing such Obligations.

It is further agreed that, as long as any such Obligations shall remain unpaid
(i) the Custodian shall hold possession of the Collateral, as security for the
payment of all such Obligations and the undersigned will be unable to transfer,
withdraw, or assign any of the Collateral, or any interest therein, or take any
other action with respect thereto without the Bank's prior written consent; (ii)
the Custodian shall deliver all or any part of the Collateral, or the proceeds
from the sale thereof, to the Bank on the Banks request therefor in whatever
form the Bank requests, and without any further agreement or consent from the
undersigned; (iii) the Bank's receipt to the Custodian of such Collateral so
delivered by the Custodian shall be a full and complete receipt and acquittance
to the Custodian, as fiduciary under the Account; and (iv) the agreement and
instructions governing the Account are hereby modified to effectuate all the
provisions hereof.
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If at any time hereafter, the undersigned receives or is entitled to receive
into its possession any payments, checks, instruments, chattel paper, dividends
on account, or in respect, of the Collateral, or any proceeds thereof, such
additional property shall also be deemed Collateral and the undersigned shall
accept such property as the Bank's agent, in trust for the Bank without
commingling such Collateral with any other property of the undersigned and
shall, upon receipt, promptly deliver such Collateral to the Custodian for the
benefit of the Bank in the exact form so received, with any necessary
endorsements or stock powers executed by the undersigned in blank; provided,
however, that Borrower shall be entitled to receive and retain all cash
dividends issued prior to the occurrence of an Event of Default (an "Event of
Default" as defined in the Agreement).

Until the occurrence of an Event of Default, the Borrower may direct the
Custodian in writing to vote, give consents, waivers or ratifications in respect
of its ownership of the Collateral. Upon the occurrence of an Event of Default,
the Bank may direct the Custodian in writing to sell, assign, or otherwise
dispose (collectively, a "Disposition") of the Collateral in exchange for cash
or credit subject to the terms hereof and of the Safekeeping Agreement. The
Custodian shall effect any Disposition of Collateral in accordance with the
terms of the Safekeeping Agreement.

The undersigned hereby appoints the Bank as its proxy and attorney-in-fact;
provided, that the Bank shall not be entitled to exercise any rights as proxy
and attorney-in-fact unless an Event of Default has occurred and is continuing.
As proxy and attorney-in-fact and subject to the terms hereof and of the
Safekeeping Agreement, the Bank is authorized to take any action regarding the
Collateral deemed necessary by the Bank to protect the security interest of the
Bank in the Collateral. The undersigned and the Bank acknowledge that the
constitution and appointment of such proxy and attorney-in-fact are coupled with
an interest and are irrevocable.

The undersigned agrees to take all actions reasonably deemed necessary by the
Bank, and, after the occurrence and during the continuance of an Event of
Default, authorizes the Bank to take all such actions in its place and stead, to
establish and maintain a valid, perfected first priority security interest in
the Collateral in favor of the Bank to secure the payment of the Obligations and
to indemnity and reimburse the Bank for all cost and expenses incurred by the
Bank in connection therewith.

 The undersigned further agrees to defend the Collateral against any and all
claims of any person or party whose claims are adverse to the claims, rights or
interest of the Bank and the undersigned shall indemnify and hold the Bank
harmless from and against any and all such adverse claims. The undersigned
agrees that it shall bear all risk of loss, damage and diminution in value with
respect to the Collateral, and that the Bank shall have no liability or
obligation to the undersigned with respect to monitoring the value o the
property or for ascertaining any maturities, call, conversions, exchanges,
offers, tenders or similar matters relating to any of the Collateral or for
informing the undersigned with respect to any of such matters (irrespective of
whether the Bank actually has, or may be deemed to have, knowledge thereof). The
Bank shall not be liable for its failure to give notice to the undersigned of a
default under any agreement or document evidencing any of the Obligations,
unless specifically provided for therein, nor shall
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the Bank be liable for its failure to use due diligence to collect any amount
payable in respect to the Collateral, but shall be liable only to account to the
undersigned for what the Bank may actually collect and receive thereon. The
foregoing provisions of this paragraph shall be fully applicable to all
securities or similar property held in pledge hereunder, irrespective of whether
the Bank may have exercised any right to have such securities or similar
property registered in its name or in the name of a nominee, and the Bank is
hereby released from any liability resulting from any of the foregoing.

This Agreement and the rights and obligations of the parties hereunder shall be
contested and interpreted in accordance with the laws of the State of Illinois
applicable to agreements made and to be wholly performed in such state.

The Bank is hereby authorized to deliver a copy of this Agreement to the
Custodian, and such delivery shall constitute the undersigned's direction to the
Bank to effectuate the provisions of this Agreement.

Dated as of September 1, 1998

TAYLOR CAPITAL GROUP, INC.

By:                        Its:<PAGE>

                                                                   exhibit 10.15

                        COLLATERAL SAFEKEEPING AGREEMENT

     THIS COLLATERAL SAFEKEEPING AGREEMENT (this "Agreement") dated as of the
15th day of June, 2001, is entered into by TAYLOR CAPITAL GROUP, INC. (the
"Borrower"), LASALLE BANK NATIONAL ASSOCIATION, a national banking association
(the "Bank"), and STANDARD FEDERAL BANK, a federal savings bank (the
"Custodian").

     A.   The Bank and the Borrower have previously entered into that certain
Loan Agreement dated as of February 12, 1997 (the "Loan Agreement"), in
connection with loans in an aggregate amount of $37,000,000 (and as the same is
extended, modified or renewed, the "Loan").

     B.   The Loan is secured by, among other things, certain shares of Cole
Taylor Bank.

     C.   The Borrower has requested the Collateral be held by the Custodian,
and the Bank has agreed to such request, subject to the terms and conditions of
this Agreement.

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree
as follows:

     1.   Collateral. (a) As security for the payment of the obligations of the
Borrower to the Bank, whether now or hereafter existing and howsoever
evidenced, or any extension or renewal thereof, including, without limitation,
the Loan (the "Obligations"), Borrower has previously pledged and assigned to
the Bank, among other things, 1,500,000 shares of common stock of Cole Taylor
Bank (the "Collateral").

          (b)  The Collateral is concurrently herewith being delivered to the
Custodian for safekeeping.

     2.   Collateral.  Until the Custodian shall receive written notice from
the Bank that all of the Obligations have been fully paid and satisfied, the
parties hereto agree as follows:

          (a)  The Custodian is hereby appointed as agent for the Bank, as
secured party, and the Custodian shall hold and retain possession of the
Collateral for the Bank as security for the payment of the Obligations;

          (b)  The Borrower shall be unable to withdraw any of the Collateral
without the Bank's prior written consent;

          (c)  The Custodian shall deliver all or any part of the Collateral to
the Bank upon its request at any time after the occurrence of an Event of
Default (as defined in the Loan Agreement); and

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     (d)  The Bank's receipt for any of the Collateral so delivered by the
Custodian shall be a full and complete receipt and acquittance to the Custodian
as fiduciary for the Collateral.

     3.   Sale After Default. If the Bank elects to exercise its rights to
dispose of the Collateral pursuant to the terms of Section 9-504 of the Illinois
Uniform Commercial Code (or Section 9-610 under Revised Article 9 of the
Illinois Uniform Commercial Code effective as of July 1, 2001), it shall provide
Borrower with not less than 120 days prior written notice thereof. The notice
shall state in reasonable detail the method and manner of sale. Provided that
the Borrower, within said 120 day period, delivers to Bank a fully executed bona
fide contract for the sale of the Collateral (or a sale of the assets which will
be in an amount sufficient to repay the Obligations), the Borrower shall have an
additional period of 60 days (starting at the conclusion of the original 120 day
period) within which to close the sale and repay the Obligations. The Borrower
shall have until the date of sale in which to repay the Obligations at which
time the Bank shall release its lien on the Collateral. If the Collateral is in
the possession of the Bank, or its agents, the Bank shall also return the
Collateral to the Borrower.

     4.   Acceptance. The Custodian hereby acknowledges that the Collateral has
been pledged as security for the Obligations, and the Custodian hereby accepts
appointment as agent for the Bank, as secured party, and agrees to act in
accordance with the terms and provisions hereof. Until the termination of this
Agreement, the Custodian agrees that it shall not have or assert, and waives any
right, whether created by contract, statute or otherwise, to assert any right of
offset against or lien or interest in any of the Collateral. The Collateral has
been coded as assigned in the records of the Custodian, and none of the
Collateral will be released by the Custodian without the prior written consent
of the Bank.

     5.   Indemnity; Assumption of Risk. (a) To the fullest extent permitted by
law, the Borrower shall defend, indemnify and hold harmless each of the Bank and
the Custodian, and their respective officers, directors, agents, employees,
members and affiliated companies (collectively, the "Indemnitees"), from and
against all claims, judgments, damages, losses, penalties, liabilities, costs
and expenses of investigation and defense of any claim and of any good faith
settlement of whatever kind or nature, contingent or otherwise, matured or
unmatured, foreseeable or unforeseeable, including, without limitation,
reasonable attorneys' fees and expenses, any of which are incurred at any time
as a result of, or in connection with, the entering into of this Agreement or
the transactions contemplated thereby, except to the extent arising from the
gross negligence or willful misconduct of the Custodian or the Bank.

     (b)  The Borrower and the Borrower's counsel have requested that the Bank
and the Custodian enter into this Agreement. None of the Indemnitees shall be
liable for any expense, cost, loss or damage of any kind or nature resulting or
sustained by the Borrower as a result of the entering into of this Agreement,
including, without limitation, any franchise or other taxes payable as a result
thereof, and the Borrower expressly assumes all risk of loss or damage by
entering into this Agreement except to the extent arising from the gross
negligence or willful misconduct of the Custodian or the Bank. Notwithstanding
anything herein to the contrary, the Custodian shall remain liable for the
actual losses incurred by the Borrower for the Custodian's

                                       2
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failure to return the Collateral to the Bank within a reasonable period of time
following receipt of a proper request to do so from the Bank, unless the
Custodian is prohibited or restrained from delivering the Collateral by virtue
of any judicial order, decree or other legal process.

5.  Fees. The Borrower shall pay a fee of $500.00 to the Bank upon the
execution of this Agreement and shall pay a $500.00 fee to the Bank on each
anniversary of this Agreement until such time as this Agreement has been
terminated.

     IN WITNESS WHEREOF, this Agreement has been signed as of the date first
above appearing.

                                       LASALLE BANK NATIONAL ASSOCIATION

                                       By:    /s/ Jay C. Goldner
                                              --------------------------------

                                       Name:  Jay C. Goldner
                                              --------------------------------

                                       Title: SVP
                                              --------------------------------

                                       TAYLOR CAPITAL GROUP, INC.

                                       By:    /s/ J. C. Alstrin
                                              --------------------------------

                                       Name:  J. C. Alstrin
                                              --------------------------------

                                       Title: CFO
                                              --------------------------------

                                       STANDARD FEDERAL BANK

                                       By:    /s/ Mark A. Hoppe
                                              --------------------------------

                                       Name:  Mark A. Hoppe
                                              --------------------------------

                                       Title: EVP
                                              --------------------------------

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