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                                                                   EXHIBIT 10.35

                                SECOND AMENDMENT
                                       OF
                     TAYLOR CAPITAL GROUP, INC. 401(K) PLAN

                        (Effective as of October 1, 1998)

                  WHEREAS, Taylor Capital Group, Inc. (the "Company") maintains
the Taylor Capital Group, Inc. 401(k) Plan (Effective as of October 1, 1998)
(the "Plan"); and

                  WHEREAS, the Plan has been amended, and further amendment of
the Plan is now considered desirable;

                  NOW, THEREFORE, by virtue of the power reserved to the Company
by subsection 15.1 of the Plan, and in exercise of the authority delegated to
the Committee established pursuant to Section 16 of the plan (the "Committee")
by subsection 15.1 of the Plan, the Plan is hereby amended, effective as of
October 1, 1998, in the following particulars:

                  1. By substituting the phrase "employment commencement date"
for the phrase "date of hire" where the latter appears in subparagraph
2.1(b)(ii) of the Plan.

                  2. By deleting paragraph 3.4(a) of the Plan and by
redesignating paragraphs 3.4(b), 3.4(c) and 3.4(d) of the Plan as paragraphs
3.4(a), 3.4(b) and 3.4(c), respectively.
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                  3. By inserting the following after the final sentence of
paragraph 7.5(d) of the Plan:

         "Accordingly, in order to distribute excess contributions under section
         401(k)(8), as amended, the following procedure is used:

         1. Calculate the dollar amount of excess contributions, which amount
         shall equal the excess of: (a) the aggregate amount of employer
         contributions actually paid over to the trust on behalf of highly
         compensated employees for such plan year, over (b) the maximum amount
         of such contributions permitted under the limitations of this section
         (determined by reducing contributions made on behalf of highly
         compensated employees ('HCE') in order of the actual deferral
         percentages beginning with the highest of such percentages), as
         described in section 401(k)(8)(B) and section 1.401(k)-1(f)(2).
         However, in applying these rules, rather than distributing the amount
         necessary to reduce the actual deferral ratio ('ADR') of each affected
         HCE in order of these employees' ADRs, beginning with the highest ADR,
         the plan uses these amounts in step 2.

         2. Determine the total of the dollar amounts calculated in step 1. This
         total amount in step 2 (total excess contributions) should be
         distributed in accordance with steps 3 and 4 below:

         3. The elective contributions of the HCE with the highest dollar amount
         of elective contributions are reduced by the amount required to cause
         that HCE's elective contributions to equal the dollar amount of the
         elective contributions of the HCE with the next highest dollar amount
         of elective contributions. This amount is then distributed to the HCE
         with the highest dollar amount. However, if a lesser reduction, when
         added to the total dollar amount already distributed under this step,
         would equal the total excess contributions, the lesser reduction amount
         is distributed.

         4. If the total amount distributed is less than the total excess
         contributions, step 3 is repeated.

         If these distributions are made, the cash or deferred arrangement is
         treated as meeting the nondiscrimination test of section 401(k)(3)
         regardless of whether the actual deferral percentage ('ADP'), if
         recalculated after distributions, would satisfy section 401(k)(3)."

                                      -2-
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                  4. By substituting the following for the last sentence in
paragraph 7.6(c) of the Plan:

         "Notwithstanding subsection 10.2 to the contrary, any corrective
         matching contributions allocated to a participant's accounts will be
         fully vested, nonforfeitable at all times and distributable in
         accordance with the terms of the Plan."

                  5. By inserting the following after the final sentence of
paragraph 7.6(d) of the Plan:

         "A parallel method to the one described in paragraph 7.5(d) is used for
         the purpose of distributing excess aggregate contributions under this
         section. Further, if a corrective distribution of excess contributions
         has been made, the ADP for HCEs is deemed to be the largest amount
         permitted under section 401(k)(3). Similarly, if a corrective
         distribution of excess aggregate contributions has been made, the
         actual contribution percentage ('ACP') for HCEs is deemed to be the
         largest amount permitted under section 401(m)(2)."

                  6. By substituting the following for subsection 7.10 of the
Plan:

         "7.10 Aggregation Rules

                  For purposes of subsections 7.5, 7.6 and 7.8, all participant
         401(k) contributions and employer matching contributions made under two
         or more plans that are aggregated for purposes of Section 401(a)(4) and
         Section 410(b) of the Code (other than Section 410(b)(2)(A)(ii)) are to
         be treated as made under a single plan; and if two or more plans are
         aggregated for purposes of Section 401(k) or Section 401(m) of the
         Code, the aggregated plans must satisfy Sections 410(b) and 401(a)(4)
         of the Code as if they were a single plan. A highly compensated
         employee's deferral percentage shall be determined by treating all cash
         or deferred arrangements under which such employee is eligible as one
         arrangement."

                  7. By substituting the following for subparagraph 9.3(b)(i)(A)
of the Plan:

                                      -3-
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                           "(A) the highest outstanding balance of loans from
                           the Plan during the one year period ending on the day
                           before the date on which such loan was made, over"

                  8. By substituting the following for subparagraph 9.3(b)(ii)
of the Plan:

                  "(ii)    The greater of:

                           (A)      Fifty percent of the amount of the
                                    participant's vested account balances under
                                    the Plan as of the date of the loan, or

                           (B)      $10,000."

                  9. By substituting the following for the final sentence in
subparagraph 10.2(b)(ii) of the Plan:

         "Notwithstanding any other provision of this subsection 10.2 to the
         contrary and subject only to the minimum vesting standards of Sections
         411(a) and 416(b) of the Code, a participant who has less than five
         years of vesting service and has not yet attained normal retirement age
         may be deemed to have no vested interest in his employer discretionary
         contribution account, employer matching contribution account, and his
         entire balance in such accounts may be forfeitable, if he is discharged
         by an Employer due to theft, fraud, embezzlement, other criminal acts
         or willful misconduct causing either significant loss or property
         damage to an Employer or personal injury to any other employee of an
         Employer."

                  10. By inserting the following sentence at the end of
subparagraph 10.2(b)(iv) of the Plan:

         "Notwithstanding any provision of the plan to the contrary, if at a
         participant's settlement date, the vested percentage in such
         participant's forfeitable accounts under subparagraph (ii) is zero, the
         amounts shall be deemed forfeited at such participant's settlement
         date."

                                      -4-
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                  11. By substituting the following for the first sentence in
the third paragraph of subsection 11.3:

         "Irrespective of any contrary provision of the Plan, distribution of
         the account balance of a participant shall be made or shall commence by
         April 1 of the calendar year next following the latter of (A) the
         calendar year on which the participant attains age 70-1/2 or (B) the
         calendar year in which the participant's settlement date occurs
         ('required commencement date'); provided, however, that (i) the
         required commencement date of a participant who is a five-percent owner
         (as defined in Code Section 416) of an Employer or Controlled Group
         Member in the calendar year in which the participant attains age 70-1/2
         shall be April 1 of the calendar year next following the calendar year
         in which the participant attains age 70-1/2, and (ii) participants who
         attained age 70-1/2 prior to October 1, 1999 may elect to commence
         retirement income payments on the April 1 next following the calendar
         year in which he attains age 70-1/2."

                  12. By inserting the following sentence at the end of the
first paragraph of subsection 11.3:

         "All distributions shall be made in accordance with Code Section
         401(a)(9) and the regulations thereunder."

                  13. By substituting the following for paragraph 12.3(a) of the
Plan:

                  "(a)     If a participant was not vested in any portion of his
                           account at his settlement date and is reemployed
                           before incurring a one-year break in service, any
                           amounts deemed forfeited under subparagraph
                           10.2(b)(iv) will be credited to the participant's
                           account as soon as practicable following the date the
                           participant is reemployed by the Employers."

                                      -5-
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                  14. By substituting the following three sentences for the
final two sentences in subsection 17.5 of the Plan:

         "Contributions made by an Employer under the Plan pursuant to income
         deferral election made by participants who are not key employees shall
         not be deemed employer contributions for purposes of this subsection.
         The amount of minimum employer contribution otherwise required to be
         allocated to any participant for any plan year under this subsection
         shall be reduced by the amount of employer contributions allocated to
         him for a plan year ending with or within that plan year under any
         other tax-qualified defined contribution plan maintained by an
         Employer. However, the amount of minimum employer contribution not
         offset by the amount of employer contributions shall meet the
         nondiscrimination requirements of Section 401(a)(4) of the Code without
         regard to Section 401(m) of the Code."

                  IN WITNESS WHEREOF, the undersigned duly authorized member of
the Committee has caused the foregoing amendment to be executed this 13th day of
April, 2000.

                                    /s/ Jeffrey Taylor
                                    -----------------------------------------
                                    On behalf of the Committee as Aforesaid

                                      -6-<PAGE>

                                                                   EXHIBIT 10.36

                                 THIRD AMENDMENT
                                       OF
                     TAYLOR CAPITAL GROUP, INC. 401(K) PLAN

                        (Effective as of October 1, 1998)

                  WHEREAS, Taylor Capital Group, Inc. (the "Company") maintains
the Taylor Capital Group, Inc. 401(k) Plan (Effective as of October 1, 1998)
(the "Plan"); and

                  WHEREAS, the Plan has been amended, and further amendment of
the Plan is now considered desirable;

                  NOW, THEREFORE, by virtue of the power reserved to the Company
by subsection 15.1 of the Plan, and in exercise of the authority delegated to
the Committee established pursuant to Section 16 of the plan (the "Committee")
by subsection 15.1 of the Plan, the Plan is hereby amended in the following
particulars:

                  1. Effective January 1, 2001, by substituting the following
for subsection 3.4 of the Plan:

         "3.4. EARNINGS

         Unless stated otherwise, a participant's 'earnings' for a plan year
         means all compensation paid to the participant for services rendered to
         an Employer as an employee as reported on the participant's Federal
         wage and tax statement (Form W-2), including (i) the participant's
         income deferral contributions made during the plan year under this
         Plan, and (ii) all salary reductions made during the plan year pursuant
         to an arrangement maintained by an Employer under Section 125 of the
         Code,
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         but excluding (iii) disability payments (short term or long term), (iv)
         non-qualified deferred compensation amounts, (v) stock based
         compensation, including any dividends paid on restricted shares and any
         other payments from any such plans or programs, (vi) severance
         payments, and (vii) any other 'fringe' benefit (as defined by the
         Committee). In no event, however, shall the amount of a Participant's
         earnings taken into account for purposes of the plan for any plan year
         exceed the dollar limitation in effect under Code Section 410(a)(17)
         (as that limitation is adjusted from time to time by the Secretary of
         the Treasury pursuant to Code Section 410(a)(17) and which is $170,000
         for the 2001 plan year)."

                  2. Effective as of January 1, 2000, by substituting the
following for the fourth sentence in the second paragraph of subsection 11.3 of
the Plan:

         "Notwithstanding any provision of the Plan to the contrary, if a
         participant's vested account balances exceed $5,000 at the time a
         distribution under subsection 11.1 is to commence, distributions may
         not be made to the participant before age 65 without the participant's
         consent."

                  IN WITNESS WHEREOF, the undersigned duly authorized member of
the Committee has caused the foregoing amendment to be executed this 20th day of
December, 2000.

                                 /s/ Melvin Pearl
                                 ---------------------------------------
                                 On behalf of the Committee as Aforesaid

                                      -2-

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