About Us

Our mission is to provide personal and commercial banking and private wealth services in the same way we always have – by building strong relationships, one client at a time. Our experienced professionals care about our clients and are thoughtful and creative in meeting your needs.

Geographic Scope

We have 33 strategically located offices primarily in the Midwest serving the greater Atlanta, Chicago, Cleveland, Denver, Des Moines, Detroit, Grand Rapids, Kansas City, Milwaukee, Minneapolis and St. Louis metropolitan areas. Additionally, our specialty banking businesses serve clients from coast to coast.

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Key Data

Total assets

$14.3 billion

Total loans

$10.9 billion

Total Deposits

$11.9 billion

Total Assets Under Management and Administration

$6 billion

*All numbers as of 3/31/14

Timeline

1989

Organized PrivateBancorp, Inc. as a Delaware corporation

1991

Opened first office at 10 N. Dearborn in Chicago and began doing business as The PrivateBank

1997

Opened Oak Brook, IL office

1999

Completed $17 million initial public offering and began trading on the NASDAQ Stock Exchange under the ticker “PVTB”

2000
  • Opened offices in St. Charles , IL and St. Louis, MO
  • Acquired offices in Lake Forest and Winnetka, IL
2001

Opened Geneva, IL office

2003

Second Common Stock Offering of $57 million

2004

Acquired Corley Financial and established The PrivateBank Mortgage Company

2005
  • Acquired The PrivateBank–Michigan
  • Founded The PrivateBank–Wisconsin
  • Opened a second Chicago office in the Gold Coast area
2006
  • Opened Kansas City, MO office
  • Acquired The PrivateBank–Georgia
2007

Launched Strategic Growth Plan and raised $200 million in private equity to fund plan

2008
  • Opened business development offices in Minneapolis, Cleveland, Des Moines and Denver
  • May: Raised $143.75 million through Trust Preferred Offering
  • June: Raised $166.1 million in new capital through issuance of common stock and sale of preferred stock
  • September: Announced $140 million of senior and subordinated debt financing
2009
  • January: Received $244 million from the U.S. Department of the Treasury under the Capital Purchase Program
  • May: Raised $217 million in new capital through underwritten common stock offering
  • July: Assumed all non-brokered deposits and acquired certain assets of Founders Bank
  • October: Raised $194 million in new capital through underwritten common stock offering
2012
  • October: Completed underwritten public offerings of $75 million in common stock and $125 million in subordinated debt financing
  • October and November: $244 million TARP repayment and warrant repurchase

Frequently Asked Questions

Corporate Headquarters
PrivateBancorp, Inc.

120 South LaSalle Street
Chicago, IL 60603

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