Document:

<PAGE>
                                                                   EXHIBIT 10.22

                             SECOND AMENDMENT TO THE
                           TAYLOR CAPITAL GROUP, INC.
                PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

         WHEREAS, effective October 1, 1998 the Taylor Capital Group, Inc.
Profit Sharing and Employee Stock Ownership Plan (hereinafter referred to as the
"Plan") was established; and

         WHEREAS, the Employer has amended the Plan from time to time; and

         NOW, THEREFORE, effective October 1, 2000, the Employer hereby amends
the Plan as set forth below by virtue of the power reserved to the Company by
subsection 17.1 of the Plan, and in exercise of the authority delegated to the
Committee established pursuant to Section 18 of the plan (the "Committee") by
subsection 17.1 of the Plan. The provisions of this Amendment shall take
precedence over any conflicting provisions of the Plan:

         I.       Section 2.1 "Eligibility to Participate" of the Plan Document
                  is amended to add subsection (c) as follows:

                  2.1 (c) Regardless of any of the above age and/or service
                  requirements, any former Corus Bankshares, Inc. employee who
                  became an employee of Taylor Capital Group, Inc. on October 1,
                  2000 shall be eligible to Participate hereunder and shall
                  enter the Plan as of such date.

         II.      Section 3.1 "Employer Contributions" of the Plan Document is
                  amended to add the following paragraph:

                  Any former Corus Bankshares, Inc. employee who became a
                  Participant in the Taylor Capital Group, Inc. Profit Sharing
                  and Employee Stock Ownership Plan on October 1, 2000, shall be
                  eligible to share in any employer discretionary contributions
                  and forfeitures for the plan year ending December 31, 2000
                  regardless of the number of hours worked from October 1, 2000
                  through December 31, 2000.

         III.     Section 10.2(b)(iii) "Resignation or Dismissal" of the Plan
                  Document is amended in its entirety to read as follows:

                  A participant's "vesting service" means any plan year in which
                  the participant has completed at least 1,000 hours of service
                  with the Employers and the Controlled Group Members (including
                  service prior to the Effective Date) measured from the date
                  the participant first performs an hour of service (as defined
                  in subsection 2.1 of the Plan Document as amended) with the
                  Employers or the Controlled Group Members, or, prior to the
                  Effective Date, CTFG or an affiliated of CTFG. In addition,
                  any former Corus Bankshares, Inc. employee whose date of
                  participation commenced on October 1, 2000 pursuant to Section
                  2.1 of the Plan Document as amended shall be credited with
                  their prior years of service with Corus Bankshares, Inc. to be
                  applied to the Taylor Capital Group, Inc. Profit Sharing and
                  Employee Stock Ownership Plan vesting schedule.

         IV.      In all other respects, the Plan shall remain unchanged.
<PAGE>
IN WITNESS WHEREOF, the parties hereto affix their signatures on this ______ day
of ____________, 20____, in adoption of this aforementioned amendment.

                            TAYLOR CAPITAL GROUP, INC. (EMPLOYER)

                            By (print):_________________________________________

                            Title:______________________________________________

                            ____________________________________________________
                            Signature:  On behalf of the Committee as Aforesaid<PAGE>
                                                                   EXHIBIT 10.23

                                 THIRD AMENDMENT
                                       OF
                           TAYLOR CAPITAL GROUP, INC.
                PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

                        (Effective as of October 1, 1998)

                  WHEREAS, Taylor Capital Group, Inc. (the "Company") maintains
the Taylor Capital Group, Inc. Profit Sharing and Employee Stock Ownership Plan
(Effective as of October 1, 1998) (the "Plan"); and

                  WHEREAS, amendment of the Plan is now considered desirable;

                  NOW, THEREFORE, by virtue of the power reserved to the Company
by subsection 17.1 of the Plan, and in exercise of the authority delegated to
the Committee established pursuant to Section 18 of the plan (the "Committee")
by subsection 17.1 of the Plan, the Plan is hereby amended in the following
particulars:

                           1.       Effective January 1, 2001, by substituting
the following for subsection 3.5 of the Plan:

         "3.5.    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 the
         Taylor Capital Group, Inc. 401(k) Plan, and (ii) all salary reductions
         made during the plan year pursuant to an arrangement maintained by an
         Employer under Section 125 or Section 132(f) of the Code, but excluding
         (iii) disability
<PAGE>
         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 January 1, 2001, by substituting the
following for the first sentence of subsection 7.1 of the Plan:

         "For each limitation year, the `annual addition' (as defined below) to
         a participant's account shall not exceed the lesser of $35,000 (or such
         greater amount as may be provided by the Secretary of the Treasury
         under Code Section 415(c)) or twenty-five percent of the participant's
         compensation (as defined in Treasury Regulations Section 415-2(d))
         during that limitation year."

                  3.       Effective January 1, 2001, by adding the following at
the end of Section 11.1 of the Plan:

         "With respect to distributions under the Plan made for calendar years
         beginning on or after January 1, 2001, the plan will apply the minimum
         distribution requirements of Code Section 401(a)(9) in accordance with
         the regulations under Section 401(a)(9) that were proposed on January
         17, 2001, notwithstanding any provision of the plan to the contrary;
         this provision shall continue in effect until the end of the last
         calendar year beginning before the effective date of final regulations
         under Code Section 401(a)(9) or such other date as may be specified in
         guidance published by the Internal Revenue Service."

                  4.       Effective January 1, 2001, by adding the following at
the end of paragraph 11.5(a) of the Plan:

                                      -2-
<PAGE>
                           "A hardship distribution (as described in Code
                           Section 401(k)(2)(B)(i)(IV)) shall not be an eligible
                           rollover distribution."

                  5.       Effective August 5, 1997, by adding the following at
the end of subsection 15.1 of the Plan:

         "The foregoing shall not apply to a judgment, settlement, order or
         requirement described in Code Section 401(a)(13)(C)."

                  6.       Effective January 1, 2000, by adding the following at
the end of subsection 19.7 of the Plan:

                  "Notwithstanding the above, the provisions of this subsection
         19.7 shall not apply to any plan year beginning after December 31,
         1999."

                  IN WITNESS WHEREOF, the undersigned duly authorized member of
the Committee has caused the foregoing amendment to be executed this ____ day of
_________________, 2001.

                                         _______________________________________
                                         On behalf of the Committee as Aforesaid

                                      -3-<PAGE>

                                                                   EXHIBIT 10.24

                        AMENDMENT AND RESTATEMENT OF THE
                           TAYLOR CAPITAL GROUP, INC.
                PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP TRUST

                             McDermott, Will & Emery
                                     Chicago
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                          PAGE
                                                                                          ----
<S>           <C>      <C>                                                                <C>
ARTICLE I                                                                                   2

ARTICLE II                                                                                  2
              II-1.    The Trust Fund                                                       2
              II-2.    Plan Administration                                                  3
              II-3.    Exercise of Trustee's Duties                                         3
              II-4.    General Powers                                                       3
              II-5.    Investment Managers                                                  7
              II-6.    Responsibility of Trustee                                            7
              II-7.    Compensation and Expenses                                            8
              II-8.    Continuation of Powers Upon Trust Termination                        8

ARTICLE III                                                                                 8
              III-1.   Investment of Company Stock                                          8
              III-2.   Investment of Cash                                                   8
              III-3.   Stock Dividends, Splits and Other Capital Reorganizations            9
              III-4.   Put Option                                                           9

ARTICLE IV                                                                                  9
              IV-1.    Disagreement as to Acts                                              9
              IV-2.    Persons Dealing with Trustee                                         9
              IV-3.    Benefits May Not Be Assigned or Alienated                            9
              IV-4.    Evidence                                                            10
              IV-5.    Waiver of Notice                                                    10
              IV-6.    Counterparts                                                        10
              IV-7.    Governing Laws and Severability                                     10
              IV-8.    Successors, Etc                                                     10
              IV-9.    Action                                                              10
              IV-10.   Conformance with Plan                                               11
              IV-11.   Indemnification                                                     11
              IV-12.   Headings                                                            11
              IV-13.   Notice.                                                             11

ARTICLE V                                                                                  12
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                                          PAGE
                                                                                          ----
<S>           <C>      <C>                                                                <C>

ARTICLE VI                                                                                 13
              VI-1.    Resignation                                                         13
              VI-2.    Removal of the Trustee                                              13
              VI-3.    Duties of Resigning or Removed Trustee and of Successor Trustee     13
              VI-4.    Filling Trustee Vacancy                                             13

ARTICLE VII                                                                                14

ARTICLE VIII                                                                               14
              VIII-1.  Amendment                                                           14
              VIII-2.  Termination                                                         14
</TABLE>
<PAGE>
                        AMENDMENT AND RESTATEMENT OF THE
                           TAYLOR CAPITAL GROUP, INC.
                PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP TRUST

                         THIS AGREEMENT, made effective as of        , by and
between Taylor Capital Group, Inc., a Delaware corporation (the "Company"), and
Cole Taylor Bank, an Illinois state chartered bank, as the successor trustee,
and its successor or successors and assigns in the trust hereby evidenced, as
trustee (the "Trustee").

                                WITNESSETH THAT:

               WHEREAS, effective as of October 1, 1996, the Company established
a tax-qualified plan known as the Taylor Capital Group, Inc. 401(k)/Profit
Sharing and Employee Stock Ownership Plan (the "Prior Plan") for the exclusive
benefit of its eligible employees and those of any Related Company (as defined
in Article VII) that adopted the Prior Plan and became a party to the Taylor
Capital Group, Inc. 401(k)/Profit Sharing and Employee Stock Ownership Trust
(the "Prior Trust")(the Company and the Related Companies that are parties
hereto are sometimes referred to below collectively as the "Employers" and
individually as "Employer"); and

               WHEREAS, effective as of October 1, 1998, the Company has
amended, restated and continued the Prior Plan in the form of the Taylor Capital
Group, Inc. Profit Sharing and Employee Stock Ownership Plan (the "Plan"); and

               WHEREAS, in connection with the amendment, restatement and
continuation of the Prior Plan, the cash or deferred portion of the Prior Plan
has been spun-off from the Prior Plan to the Taylor Capital Group, Inc. 401(k)
Plan (the "401(k) Plan"); and

               WHEREAS, the Plan is intended to meet the applicable requirements
of Sections 401(a) and 401(k) and a portion of the Plan is intended to be an
employee stock ownership plan within the meaning of Section 4975(e)(7) of the
Internal Revenue Code of 1986, as amended (the "Code"); and

               WHEREAS, the Prior Trust has been amended and restated into the
trust established pursuant to this agreement (the "Trust"), which will implement
and form a part of the Plan and is intended to be tax-exempt under Section
501(a) of the Code; and

               WHEREAS, the portion of the Prior Trust which was attributable to
the cash or deferred portion of the Prior Plan has been spun off from the Prior
Trust into a trust agreement which forms a part of the 401(k) Plan;

               NOW THEREFORE, pursuant to the authority delegated to the
undersigned officers of the Company by resolution of its Board of Directors, IT
IS AGREED, by and between the parties hereto, that the trust provisions
contained herein shall constitute the agreement between the Company and the
Trustee in connection with the Plan; and

               IT IS FURTHER AGREED, that the Trustee hereby accepts its
appointment as such under this Trust Agreement.

               IT IS FURTHER AGREED, by and between the parties hereto as
follows:
<PAGE>
                                    ARTICLE I

                                      Name

                         This Trust Agreement and Trust hereby evidenced shall
be known as the "TAYLOR CAPITAL GROUP, INC. PROFIT SHARING AND EMPLOYEE STOCK
OWNERSHIP TRUST."

                                   ARTICLE II

                   Management and Control of Trust Fund Assets

               II-1. The Trust Fund. The "Trust Fund" as at any date means all
property of every kind then held by the Trustee pursuant to this Trust
Agreement. The Trustee may manage, administer and invest all contributions made
by the several Employers under the Plan as one Trust Fund, except to the extent
that the authority to manage investments has been allocated to one or more
investment managers pursuant to Article II-5. If, for any reason, it becomes
necessary to determine the portion of the Trust Fund allocable to employees and
former employees of any Employer as of any date, the Committee (as defined in
Article II-2) shall specify such date as an accounting date, and after all
adjustments required under the Plan as of that accounting date have been made,
the portion of the Trust Fund attributable to such employees and former
employees shall be determined and shall consist of an amount equal to the
aggregate of the account balances of employees and former employees of that
Employer plus an amount equal to any allocable contributions made by that
Employer since the close of the immediately preceding plan year. The indicia of
ownership of all assets of the Trust Fund must always reside within the
jurisdiction of the district courts of the United States.

               II-2. Plan Administration. The Plan shall be administered by a
committee (the "Committee"), the members of which shall be certified to the
Trustee by the Company. Except as provided in Article II-4, the Trustee shall
have no authority to act unless directed in writing by the Committee. Such
directions shall take effect when received by the Trustee. The Committee may
authorize one or more individuals to sign all communications between the
Committee and Trustee and shall at all times keep the Trustee advised of the
names of the members of the Committee and individuals authorized to sign on
behalf of the Committee, and provide specimen signatures thereof. With the
Trustee's prior written consent, the Committee may authorize the Trustee to act,
without specific directions or other directions or instructions from the
Committee, on any matter or class of matters with respect to which directions or
instructions from the Committee are called for hereunder. A written statement
signed by a majority of the Committee members or by an authorized Committee
member shall be conclusive in favor of the Trustee acting in reliance thereon.
The Trustee shall be fully protected in relying on any communication sent by any
authorized person and shall not be required to verify the accuracy or validity
of any signature unless the Trustee has reasonable grounds to doubt the
authenticity of any signature. If the Trustee requests any directions hereunder
and does not receive them, the Trustee shall act or refrain from acting, as it
may determine, with no liability for such action or inaction.

               II-3. Exercise of Trustee's Duties. The Trustee shall discharge
<PAGE>
its duties hereunder solely in the interest of the Plan Participants and other
persons entitled to benefits under the Plan, and:

               (a)       for the exclusive purpose of:

                         (i)       providing benefits to Participants and other
                                   persons entitled to benefits under the Plan;
                                   and

                         (ii)      defraying reasonable expenses of
                                   administering the Plan;

               (b)       with the care, skill, prudence, and diligence under the
                         circumstances then prevailing that a prudent person
                         acting in a like capacity and familiar with such
                         matters would use in the conduct of an enterprise of a
                         like character and with like aims; and

               (c)       in accordance with the documents and instruments
                         governing the Plan unless, in the good faith judgment
                         of the Trustee, the documents and instruments are not
                         consistent with the provisions of the Employee
                         Retirement Income Security Act of 1974, as amended
                         ("ERISA").

               II-4. General Powers. Subject to the provisions of Articles II-2
and II-3, and Article III, with respect to the Trust Fund, the Trustee shall
have the following powers, rights and duties in addition to those provided
elsewhere in this Trust Agreement or by law:

               (a)       to receive and to hold all contributions paid to it
                         under the Plan; provided, however, that the Trustee
                         shall have no duty to require any contributions to be
                         made to it, or to determine that the contributions
                         received by it comply with the provisions of the Plan
                         or with any resolution of the Board providing therefor;

               (b)       as directed by the Committee, to retain in cash
                         (pending investment, reinvestment or the distribution
                         of dividends) such reasonable amount as may be required
                         for the proper administration of the Trust and to
                         invest such cash as provided in Article III-2;
                         provided, however, that pending receipt of directions
                         from the Committee, the Trustee may retain reasonable
                         amounts of cash, in its discretion, without any
                         liability for interest;

               (c)       as directed by the Committee, to make distributions
                         from the Trust Fund to such persons or trusts, in such
                         manner, at such times and in such forms (cash or other
                         property) as directed without inquiring as to whether a
                         payee is entitled to the payment, or as to whether a
                         payment is proper, and without liability for a payment
                         made in good faith without actual notice
<PAGE>
                         or knowledge of the changed condition or status of the
                         payee. If any payment of benefits directed to be made
                         from the Trust Fund by the Trustee is not claimed, the
                         Trustee shall notify the Committee of that fact
                         promptly. The Committee shall make a diligent effort to
                         ascertain the whereabouts of the payee or distributee
                         of benefits returned unclaimed. The Trustee shall
                         dispose of such payments as the Committee shall direct.
                         The Trustee shall have no obligation to search for or
                         ascertain the whereabouts of any payee or distributee
                         of benefits from the Trust Fund;

               (d)       to vote or tender any company stock as provided in
                         Section 14 of the Plan, and any other stocks, bonds or
                         other securities held in the Trust, or otherwise
                         consent to or request any action on the part of the
                         issuer in person, by proxy or power of attorney;

               (e)       as directed by the Committee or named fiduciaries, as
                         defined in subsection 1.5 of the Plan, to contract or
                         otherwise enter into transactions between itself, as
                         Trustee, and the Company, a Related Company, or any
                         Company shareholder or other individual, for the
                         purpose of acquiring or selling company stock (as
                         defined in subsection 4.1 of the Plan) and, subject to
                         the provisions of Article II-3, shall retain such
                         company stock;

               (f)       to compromise, contest, arbitrate, settle or abandon
                         claims and demands by or against the Trust Fund;

               (g)       to begin, maintain or defend any litigation necessary
                         in connection with the investment, reinvestment and
                         administration of the Trust, and, to the extent not
                         paid from the Trust Fund, the Company shall indemnify
                         the Trustee against all expenses and liabilities
                         reasonably sustained or anticipated by it by reason
                         thereof (including reasonable attorneys' fees);

               (h)       to retain any funds or property subject to any dispute
                         without liability for the payment of interest, or to
                         decline to make payment or delivery thereof until final
                         adjudication is made by a court of competent
                         jurisdiction;

               (i)       to report to the Company as of the last day of each
                         Plan Year (which shall be the same as the Trust's
                         fiscal year), as of any accounting date (or as soon
                         thereafter as practicable), or at such other times as
                         may be required under the Plan, the then "Net Worth" of
                         the Trust Fund, that is, the fair market value of all
                         property held in the Trust Fund, reduced by any
                         liabilities other than liabilities to Participants in
                         the Plan and their
<PAGE>
                         Beneficiaries, as determined by the Trustee;

               (j)       to furnish to the Company an annual written account and
                         accounts for such other periods as may be required
                         under the Plan, showing the Net Worth of the Trust Fund
                         at the end of the period, all investments, receipts,
                         disbursements and other transactions made by the
                         Trustee during the accounting period, and such other
                         information as the Trustee may possess which the
                         Company requires in order to comply with Section 103 of
                         ERISA. The Trustee shall keep accurate accounts of all
                         investments, earnings thereon, and all accounts, books
                         and records related to such investments shall be open
                         to inspection by any person designated by the Company
                         or the Committee. All accounts of the Trustee shall be
                         kept on an accrual basis. If, during the term of this
                         Trust Agreement, the Department of Labor issues
                         regulations under ERISA regarding the valuation of
                         securities or other assets for purposes of the reports
                         required by ERISA, the Trustee shall use such valuation
                         methods for purposes of the accounts described by this
                         subparagraph. All valuations of shares of company stock
                         shall be made by an "Independent Appraiser" (as
                         described in Section 401(a)(28)(C) of the Code)
                         retained by the Trustee, and reviewed and finalized by
                         the Trustee, in accordance with Section 3(18)(B) of
                         ERISA. The Company may approve such accounting by
                         written notice of approval delivered to the Trustee or
                         by failure to express objection to such accounting in
                         writing delivered to the Trustee within sixty (60) days
                         from the date upon which the accounting was delivered
                         to the Company. Upon the receipt of a written approval
                         of the accounting, or upon the passage of the period of
                         time within which objection may be filed without
                         written objections having been delivered to the
                         Trustee, such accounting shall be deemed to be
                         approved, and the Trustee shall be released and
                         discharged as to all items, matters and things set
                         forth in such account, as fully as if such accounting
                         had been settled and allowed by decree of a court of
                         competent jurisdiction in an action or proceeding in
                         which the Trustee, the Company and all persons having
                         or claiming to have any interest in the Trust Fund or
                         under the Plan were parties.

               (k)       as directed by the Committee, to pay any estate,
                         inheritance, income or other tax, charge or assessment
                         attributable to any benefit which shall or may be
                         required to pay out of such benefit; provided that the
                         Trustee in its sole undirected discretion may require
                         before making any payment such release or other
                         document from any taxing authority and such indemnity
                         from the intended
<PAGE>
                         payee as the Trustee shall deem necessary for its
                         protection;

               (l)       to employ and to reasonably rely upon information and
                         advice furnished by agents, attorneys, Independent
                         Appraisers, accountants or other persons of its choice
                         for such purposes as the Trustee considers desirable;

               (m)       to assume, until advised to the contrary, that the
                         Trust evidenced by this Agreement is qualified under
                         Section 401(a) of the Code and is entitled to tax
                         exemption under Section 501(a) thereof;

               (n)       to have the authority to invest and reinvest the assets
                         of the Trust Fund, upon direction from the Committee,
                         in personal property of any kind, including, but not
                         limited to bonds, notes, debentures, mortgages,
                         equipment trust certificates, investment trust
                         certificates, guaranteed investment contracts,
                         preferred or common stock, and registered investment
                         companies; provided, however, that all investments in
                         company stock shall be undertaken pursuant to the
                         provisions of Article III-2. The Trustee shall follow
                         the directions of the Committee and shall have no duty
                         or obligation to review the assets from time to time so
                         acquired, nor to make any recommendations with respect
                         to the investment, reinvestment or retention thereof;

               (o)       as directed by the Committee, to exercise any options,
                         subscription rights and other privileges with respect
                         to Trust assets, subject to the provisions of Article
                         III;

               (p)       to register ownership of any securities or other
                         property held by it in its own name or in the name of a
                         nominee, with or without the addition of words
                         indicating that such securities are held in a fiduciary
                         capacity, and may hold any securities in bearer form,
                         but the books and records of the Trustee shall at all
                         times reflect that all such investments are part of the
                         Trust;

               (q)       with the approval of the Committee, to borrow such sum
                         or sums from time to time as the Trustee considers
                         necessary or desirable and in the best interest of the
                         Trust Fund, including to purchase Company Stock (as
                         defined in subsection 4.1 of the Plan), and to enter
                         into such agreements as the Trustee determines
                         necessary or appropriate to accomplish such actions,
                         and for that purpose to mortgage or pledge any part of
                         the Trust Fund (subject to the provisions of Code
                         Section 4795(c) and the regulations issued thereunder);
<PAGE>
               (r)       to participate in and use the Federal Book-Entry
                         Account System, a service provided by the Federal
                         Reserve Bank for its member banks for deposit of
                         Treasury securities; and

               (s)       as directed by the Committee, to perform any and all
                         other acts which are necessary or appropriate for the
                         proper management, investment and distribution of the
                         Trust Fund.

               II-5. Investment Managers. The Committee may appoint one or more
investment managers (as defined in section 3(38) of ERISA) to manage the
investment of any part or all of the assets of the Trust Fund. Except as
otherwise provided by law, the Trustee shall have no obligation for investment
of any assets of the trust fund which are subject to management by an investment
manager. Appointment of an investment manager shall be made by written notice to
the investment manager and the Trustee, which notice shall specify those powers,
rights and duties of the Trustee under this agreement that are allocated to the
investment manager and that portion of the assets of the trust fund subject to
investment management. An investment manager so appointed pursuant to this
paragraph shall be either a registered investment adviser under the Investment
Advisers Act of 1940, a bank, as defined in said Act, or an insurance company
qualified to manage, acquire and dispose of the assets of the plan under the
laws of more than one state of the United States. Any such investment manager
shall acknowledge to the company in writing that it accepts such appointment and
that it is a fiduciary with respect to the plan and trust. An investment manager
may resign at any time upon written notice to the Trustee and the Committee. The
Committee may remove an investment manager at any time by written notice to the
investment manager and the Trustee.

               II-6. Responsibility of Trustee. The Trustee shall not be
responsible in any way for the adequacy of the Trust Fund to meet and discharge
any or all liabilities under the Plan or for the proper application of
distributions made or other action taken upon the written direction of the
Committee. The powers, duties and responsibilities of the Trustee shall be
limited to those set forth in this Trust Agreement, and nothing contained in the
Plan, either expressly or by implication, shall be deemed to impose any
additional powers, duties or responsibilities on the Trustee.

               II-7. Compensation and Expenses. The Trustee shall be entitled to
reasonable compensation for its services, as agreed to between the Company and
the Trustee from time to time in writing and to reimbursement of all reasonable
expenses incurred by the Trustee in the administration of the Trust. The Trustee
is authorized to pay from the Trust Fund all expenses of administering the Plan
and Trust, including its compensation, compensation to any agents employed by
the Trustee and any accounting and legal expenses, to the extent they are not
paid directly by the Employers. The Trustee shall be fully protected in making
payments of administrative expenses pursuant to the written directions of the
Committee.

               II-8. Continuation of Powers Upon Trust Termination.
Notwithstanding anything to the contrary in this Agreement, upon termination of
the Trust, the powers, rights and duties of the Trustee hereunder shall continue
until all Trust Fund assets have been liquidated.
<PAGE>
                                   ARTICLE III

                              Provisions Related to
                           Investment in Company Stock

               III-1. Investment in Company Stock. The primary purpose of the
employee stock ownership portion of the Plan is to acquire an ownership interest
in the Company either from the Company or its shareholders and to provide
deferred compensation benefits to Participants and Beneficiaries in the form of
share of company stock. Accordingly, that portion of the Plan has been
established to provide for investment primarily in shares of company stock.

               III-2. Investment of Cash. If an Employer's contribution made
pursuant to the provisions of Section 3 of the Plan for any plan year is in
cash, such cash shall be used by the Trustee as directed in writing by the
Committee. The Trustee is authorized to purchase company stock (as defined in
subsection 4.1 of the Plan) or to liquidate the company stock held in the ESOP
stock account of a terminated participant with the assets contained in the
active participants' ESOP cash accounts, as directed by the Committee. The
Trustee is further authorized to purchase company stock from the Company, a
Related Company, or from any shareholder, if the Trustee is directed by the
Committee, and such stock may be outstanding, newly issued or treasury stock.
All such purchases must be at a price not in excess of fair market value, as
determined by an Independent Appraiser when the company stock is not publicly
traded. Pending investment of cash in company stock, such cash may be invested
in savings accounts, certificates of deposit, high-grade short-term securities,
common or preferred stocks, bonds, or other investments, or may be held in cash.
Such investments may include any collective investment trust which provides for
the pooling of assets of plans described in section 401(a) of the Code and
exempt from tax under section 501(a) of the Code the terms of which are
incorporated by reference.

               III-3. Stock Dividends, Splits and Other Capital Reorganizations.
Any company stock received by the Trustee as a stock split or dividend or as a
result of a reorganization or other recapitalization of the Company shall be
allocated as of each accounting date under the Plan in proportion to the company
stock to which it is attributable.

               III-4. Put Option. If the distribution of a Participant's ESOP
stock account is to be made in cash, or a distribution is made pursuant to
subsection 6.4 of the Plan, or the Trustee expects to incur substantial Trust
expenses which will not be paid directly by the Employers, and the Trustee
determines that the Trust Fund has insufficient cash to make anticipated
distributions or pay Trust expenses, the Trust shall have a "put option" on
company stock it holds to the Company to the extent the Trustee receives written
direction from the Committee for the purpose of making such anticipated
distributions and paying such expenses. The purchase price for the company stock
purchased by the Company pursuant to the "put option" will be the fair market
value of the company stock, as of the date of the purchase, as determined by an
Independent Appraiser.
<PAGE>
                                   ARTICLE IV

                                  Miscellaneous

               IV-1. Disagreement as to Acts. If there is a disagreement between
the Trustee and anyone as to any act or transaction reported in any accounting,
the Trustee shall have the right to have its account settled by a court of
competent jurisdiction.

               IV-2. Persons Dealing with Trustee. No person dealing with the
Trustee shall be required to see to the application of any money paid or
property delivered to the Trustee, or to determine whether or not the Trustee is
acting pursuant to any authority granted to it under this Agreement or the Plan.

               IV-3. Benefits May Not Be Assigned or Alienated. The interests
under the Plan and this Agreement of Participants and other persons entitled to
benefits under the Plan are not subject to the claims of their creditors and may
not be voluntarily or involuntarily assigned, alienated or encumbered, except to
the extent that the Committee directs the Trustee that any such interests are
subject to a qualified domestic relations order, as defined in Section 414(p) of
the Code.

               IV-4. Evidence. Evidence required of anyone under this Agreement
may be by certificate, affidavit, document or other instrument which the person
acting in reliance thereon considers pertinent and reliable, and signed, made or
presented by the proper party.

               IV-5. Waiver of Notice. Any notice required under this Agreement
may be waived in writing by the person entitled thereto.

               IV-6. Counterparts. This Agreement may be executed in any number
of counterparts, each of which shall be deemed an original and no other
counterparts need be produced.

               IV-7. Governing Laws and Severability. This Agreement shall be
construed and administered according to the laws of the Commonwealth of
Massachusetts to the extent that such laws are not preempted by the laws of the
United States of America. If any provision of this Agreement is held illegal,
invalid or contrary to ERISA, the illegality or invalidity or contrary provision
shall not affect the remaining provisions of the Agreement, but shall be
severable, and the Agreement shall be construed and enforced as if the illegal
or invalid provision had never been inserted herein.

               IV-8. Successors, Etc. This Agreement shall be binding on the
Employers, and any successor thereto by virtue of any merger, sale, dissolution,
consolidation or reorganization, on the Trustee and its successor and on all
persons entitled to benefits under the Plan and their respective heirs and legal
representatives.

               IV-9. Action. Any action required or permitted to be taken by the
<PAGE>
Company under this Agreement shall be by resolution of its Board of Directors or
by a person or persons authorized by resolution of its Board of Directors. The
Trustee shall not recognize or take notice of any appointment of any
representative of the Company or Committee unless and until the Company or the
Committee shall have notified the Trustee in writing of such appointment and the
extent of such representative's authority. The Trustee may assume that such
appointment and authority continue in effect until it receives written notice to
the contrary from the Company or Committee. Any action taken or omitted to be
taken by the Trustee by authority of any representative of the Company or
Committee within the scope of his authority shall be as effective for all
purposes hereof as if such action or nonaction had been authorized by the
Company or Committee.

               IV-10. Conformance with Plan. Unless otherwise indicated in this
Trust Agreement, all capitalized terms shall have the meaning as stated in the
Plan. The Company has provided the Trustee with an executed or certified copy of
the Plan and shall provide the Trustee with a certified copy of each amendment
thereto promptly upon adoption. To the extent the provisions of the Plan and
this Agreement conflict, the provisions of the Plan shall govern; provided
however, that the Trustee's duties and obligations shall be determined solely
under this Trust Agreement.

               IV-11. Indemnification. The Company shall indemnify and hold
harmless the Trustee from all loss or liability (including expenses and
reasonable attorneys' fee) to which the Trustee may be subject by reason of the
execution of its duties under this Trust Agreement, or by reason of any acts
taken in good faith in accordance with directions, or acts omitted in good faith
due to absence of directions, from the Committee unless such loss or liability
is due to the Trustee's gross negligence or willful misconduct. The Trustee is
entitled to collect on the indemnity provided by this Article IV-11 only from
the Company, and is not entitled to any direct or indirect indemnity payment
from assets of the Trust Fund.

               IV-12. Headings. The headings of Sections of this Agreement are
for convenience of reference only and shall have no substantive effect on the
provisions of this Agreement.

               IV-13. Notice. All notices that are required or may be given
pursuant to the terms of this Trust Agreement shall be in writing and shall be
sufficient in all respects if delivered personally or by registered or certified
mail, postage prepaid, as follows:

                                         If to the Company to:

                                         Taylor Capital Group, Inc.
                                         350 East Dundee Road
                                         Wheeling, Illinois, 60090
                                         Attn: Director of Human Resources

                                         If to the Trustee:

                                         Cole Taylor Bank
                                         350 E. Dundee Road
                                         Wheeling, IL 60090
                                         Attn: Scott McCartan
<PAGE>
Any notice required under this Trust Agreement may be waived by the person
entitled to notice.

                                    ARTICLE V

                             No Reversion to Company

               No part of the corpus or income of the Trust Fund shall revert to
any Employer or be used for, or diverted to, purposes other than for the
exclusive benefit of Participants and other persons entitled to benefits under
the Plan, provided, however, that:

               (a)       Each Employer's contribution under the Plan is
                         conditioned on the initial qualification of the Plan as
                         applied to that Employer under Section 401(a) of the
                         Code and if that Plan does not so initially qualify,
                         the Trustee shall, upon written direction of the
                         Committee, return to that Employer the amount of such
                         contribution and any increment thereon within one
                         calendar year after the date that qualification of the
                         Plan, as applied to that Employer, is denied, but only
                         if the application for qualification is submitted
                         within the time prescribed by law.

               (b)       If, upon termination of the Plan with respect to any
                         Employer, any amounts are held in a 415 Suspense
                         Account which are attributable to the contributions of
                         such Employer and such amounts may not be credited to
                         the Accounts of Participants, such amounts, upon the
                         written direction of the Committee, will be returned to
                         that Employer as soon as practicable after the
                         termination of the Plan with respect to that Employer.

               (c)       Employer contributions under the Plans are conditioned
                         upon the deductibility thereof under Section 404 of the
                         Code, and, to the extent any such deduction of an
                         Employer is disallowed, the Trustee shall, upon the
                         written direction of the Committee, return the amount
                         of the contribution (to the extent disallowed), reduced
                         by the amount of any losses thereon, to the Employer
                         within one year after the date the deduction is
                         disallowed.

               (d)       If a contribution or any portion thereof is made by an
                         Employer by a mistake of fact, the Trustee shall, upon
                         written direction of the Committee, return the amount
                         of the contribution or such portion, reduced by the
                         amount of any losses there on, to the Employer within
                         one year after the date of payment to the Trustee.

Notwithstanding the foregoing, the Trustee has no responsibility as to the
sufficiency of the Trust Fund to provide any distribution to an Employer under
this Article V.
<PAGE>
                                   ARTICLE VI

                                Change of Trustee

               VI-1. Resignation. The Trustee may resign at any time by giving
thirty (30) days' advance written notice to the Company and the Committee.

               VI-2. Removal of the Trustee. The Committee may, with the consent
of the Company, which shall not be unreasonably withheld, remove the Trustee by
giving thirty (30) days' advance written notice to the Trustee, subject to
providing the removed Trustee with satisfactory written evidence of the
appointment of a successor Trustee and of the successor Trustee's acceptance of
the trusteeship.

               VI-3. Duties of Resigning or Removed Trustee and of Successor
Trustee. If the Trustee resigns or is removed, it shall promptly transfer and
deliver the assets of the Trust Fund to the successor Trustee, and may reserve
such amount to provide for the payment of all fees and expenses, or taxes then
or thereafter chargeable against the Trust Fund, to the extent not previously
paid by the Company. The Company shall be obligated to reimburse the Trust for
any amount reserved by the Trustee. Within 120 days, the resigned or removed
Trustee shall furnish to the Company and the successor Trustee an account of its
administration of the Trust from the date of its last account. Each successor
Trustee shall succeed to the title to the Trust Fund vested in his predecessor
without the signing or filing of any further instrument, but any resigning or
removed Trustee shall execute all documents and do all acts necessary to vest
such title or record in any successor Trustee. Each successor shall have all the
powers, rights and duties conferred by this Trust Agreement as if originally
named Trustee. No successor Trustee shall be personally liable for any act or
failure to act of a predecessor Trustee. With the approval of the Committee, a
successor Trustee may accept the account rendered and the property delivered to
it by its predecessor Trustee as a full and complete discharge to the
predecessor Trustee without incurring any liability or responsibility for so
doing.

               VI-4. Filling Trustee Vacancy. The Committee may, with the
consent of the Company, which shall not be unreasonably withheld, fill a vacancy
in the office of Trustee as soon as practicable by a writing filed with the
person or entity appointed to fill the vacancy.

                                   ARTICLE VII

                              Additional Employers

               Any Related Company (as defined below) may become a party to this
Trust Agreement by:

               (a)       filing with the Company and the Trustee a certified
                         copy of a resolution of its Board of Directors to that
                         effect; and

               (b)       filing with the Trustee a certified copy of a
                         resolution of the Board of Directors of the Company
                         consenting to such action.
<PAGE>
A "Related Company" is any corporation, trade or business during any period in
which it is, along with the Company, a member of a controlled group of
corporations, a group of trades or businesses under common control or an
affiliated service group, as described in section 414(b), 414(c) and 414(m),
respectively, of the Code or as described in regulations issued by the Secretary
of the Treasury or his delegate pursuant to section 414(o) of the Code. Any
Related Company so becoming a party to this Trust Agreement shall be deemed to
have irrevocably appointed the Company as its agent for all purposes of this
Trust Agreement to the end that the Trustee may deal with the Company as if the
Company were the only Employer party to this Trust Agreement.

                                  ARTICLE VIII

                            Amendment and Termination

               VIII-1. Amendment. While the Employers expect and intend to
continue the Trust, the Company reserves the right to amend the Trust at any
time pursuant to an action of the Company's Board of Directors, except that no
amendment shall change the rights, duties and liabilities of the Trustee under
this Trust Agreement without its prior written agreement, nor reduce a
Participant's benefits to less than the amount such Participant would be
entitled to receive if such Participant had resigned from the employ of the
Employers on the date of the amendment. Amendments to the Trust shall be
effective upon execution of such amendments by both the Company and the Trustee.

               VIII-2. Termination. The Trust may be terminated as to all
Employees on any date specified by the Company. The Trust will terminate as to
any Employer on the first to occur of the following:

               (a)       the date it is terminated by that Employer;

               (b)       the date such Employer's contributions to the Trust are
                         completely discontinued;

               (c)       the date such Employer is judicially declared bankrupt
                         under Chapter 7 of the U.S. Bankruptcy Code; or

               (d)       the dissolution, merger, consolidation, or
                         reorganization of that Employer, or the sale by that
                         Employer of all or substantially all of its assets,
                         except that, with the consent of the Company, such
                         arrangements may be made whereby the Trust will be
                         continued by any successor to that Employer or any
                         purchaser of all or substantially all of that
                         Employer's assets, in which case the successor or
                         purchaser will be substituted for that Employer under
                         the Trust.

The Trustee's powers upon termination as described above will continue until
liquidation of the Trust Fund, or the portion thereof attributable to an
Employer, as the case may be. Upon termination of this Trust the Trustee shall
first reserve such reasonable amounts as it may deem necessary to provide for
the payment of any expenses or fees then or thereafter chargeable to the Trust
<PAGE>
Fund. Subject to such reserve, the balance of the Trust Fund shall be liquidated
and distributed by the Trustee to or for the benefit of the Participants or
their beneficiaries, as directed by the Committee after compliance with
applicable requirements of ERISA, as amended from time to time, or other
applicable law, accompanied by a certification that the disposition is in
accordance with the terms of the Plan and the Trustee need not question the
propriety of such certification. The Company shall have full responsibility to
see that such distribution is proper and within the terms of the Plan and this
Trust.

               IN WITNESS WHEREOF, the Company and Trustee have caused these
presents to be signed and their seals to be hereunto affixed and attested by
their duly authorized officers all as of the day and year first above written.

                                             TAYLOR CAPITAL GROUP, INC.

                                             -----------------------------------
                                             President

                                             Cole Taylor Bank, not in its
                                             individual or corporate capacity,
                                             but solely as Trustee of the Taylor
                                             Capital Group, Inc. Profit Sharing
                                             and Employee Stock Ownership Trust

                                             -----------------------------------
                                              Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]