James Binz, John Bugh and Three Other LaSalle Bank Senior Lending Executives Join...

James Binz, John Bugh and Three Other LaSalle Bank Senior Lending Executives
Join The PrivateBank-St. Louis

ST. LOUIS, March 31 /PRNewswire-FirstCall/ -- The PrivateBank-St. Louis, a
unit of PrivateBancorp, Inc. (Nasdaq: PVTB), today announced that five former
St. Louis-based LaSalle Bank executives have joined the Bank effective
immediately.
James C. Binz and John Bugh were named managing directors. Binz was senior
vice president, division manager, regional commercial banking and Bugh was
senior vice president, division manager, commercial real estate lending at
LaSalle. Named as associate managing directors were Mark R. Brandom, who was
vice president, commercial real estate lending, Nicholas C. DeVilder, who was
vice president, commercial lending; and, David B. Vande Ven, who was first
vice president, commercial lending. All of the executives served in LaSalle
Bank's St. Louis regional office.
"With the addition of Jim, John, Mark, Nick and David, we gain substantial
depth to pursue our middle market growth strategies in St. Louis and the
surrounding regions. These are proven professionals who have developed
commercial lending and commercial real estate lending relationships throughout
the area. They share the same passion for providing highly personalized
service to our clients. Their experience and knowledge will greatly benefit
our growing roster of business clients," said Richard C. Jensen, Chairman &
Chief Executive Officer, The PrivateBank-St. Louis.
Binz has over 18 years experience in the commercial banking sector with
particular expertise in middle market lending. He began his career with the
former Mercantile Bank, St. Louis (now U.S. Bank) in 1988 and worked in
commercial banking until joining LaSalle Bank in 1999 as a senior vice
president in middle market banking. In 2007, he was named senior vice
president and division manager responsible for commercial banking in St. Louis
and Kansas City. Binz, who received his BS in business administration from the
University of Tulsa (Oklahoma), is a board member of the Matthew-Dickey Boys
and Girls Club as well as a board member and former president of the Board of
Education at Mary Queen of Peace School, St. Louis. He resides in Webster
Groves, MO.
Bugh began his banking career as a bank examiner for the Federal Deposit
Insurance Corporation (FDIC). He left the regulatory agency in 1994, and
served in a variety of commercial and real estate lending positions at First
National Bank of St. Louis. He joined LaSalle Bank in 2000, as vice president
in the St. Louis regional office focusing on commercial real estate. He was
named senior vice president and division manager of commercial real estate in
2004. Bugh received his BS in finance at Missouri State University. He resides
in Town and Country, MO.
Brandom began his career as a valuation consultant in the real estate
consulting and valuation group of Arthur Andersen, LLP, Chicago. In 2002, he
joined LaSalle Bank's St. Louis regional office as a vice president,
commercial real estate, the position he held prior to joining the PrivateBank.
Brandom, who received his BS in business administration from the University of
Missouri, Columbia, resides in St. Louis.
DeVilder joined LaSalle Bank, Chicago, in 2001 as a credit analyst in
commercial lending upon his graduation from The University of Tennessee at
Martin, where he earned his BS in business administration with a focus on
economics and finance. From 2001 through 2007, he served in various commercial
lending positions and was named vice president, middle market commercial
lending in 2006. DeVilder currently serves as a Board Advisor for the South
County YMCA in St. Louis. He resides in Waterloo, IL.
Vande Ven, who started his career in retailing in various finance and
operations related positions for May Department Stores, joined LaSalle Bank's
St. Louis regional office in 2000, as a credit analyst in middle market
commercial lending. He subsequently became a commercial lender rising to the
position of first vice president, middle market commercial lending. Vande Ven,
who received his BA in business administration from Lindenwood University, is
a resident of O'Fallon, MO.
About PrivateBancorp, Inc.
PrivateBancorp, Inc., through its PrivateBank subsidiaries, provides
distinctive, highly personalized, premium financial services to a growing
array of successful middle market privately held and public businesses,
affluent individuals, wealthy families, professionals, entrepreneurs and real
estate investors. The PrivateBank uses a European tradition of "private
banking" as a model to develop lifetime relationships with its clients.
Through a team of highly qualified managing directors, The PrivateBank
delivers a sophisticated suite of tailored credit, treasury and wealth
management solutions to meet its client's personal and commercial financial
needs. The Company, which had assets of $5.0 billion as of December 31, 2007,
has 20 offices located in the Atlanta, Chicago, Cleveland, Detroit, Milwaukee,
Minneapolis, St. Louis, and Kansas City metropolitan areas.
Addition information can be found in the Investor Relations section of
PrivateBancorp, Inc.'s website at http://www.pvtb.com.
Forward-Looking Statements: Statements contained in this news release that
are not historical facts may constitute forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The
Company's ability to predict results or the actual effect of future plans or
strategies is inherently uncertain. Factors which could have a material
adverse effect on the operations and future prospects of the Company include,
but are not limited to, fluctuations in market rates of interest and loan and
deposit pricing in the Company's market areas, the effect of continued margin
pressure on the Company's earnings, further deterioration in asset quality,
insufficient liquidity/funding sources or the inability to obtain on terms
acceptable to the Company the funding necessary to fund its loan growth,
legislative or regulatory changes, adverse developments in the Company's loan
or investment portfolios, slower than anticipated growth of the Company's
business or unanticipated business declines, failure to get regulatory
approval for a de novo federal savings bank in Kansas City or a limited
purpose trust-only federal savings bank, competition, unforeseen difficulties
in integrating new hires, failure to improve operating efficiencies through
expense controls, and the possible dilutive effect of potential acquisitions,
expansion or future capital raises. These risks and uncertainties should be
considered in evaluating forward-looking statements and undue reliance should
not be placed on such statements. The Company assumes no obligation to update
publicly any of these statements in light of future events unless required
under the federal securities laws.
SOURCE The PrivateBank-St. Louis

Richard C. Jensen, Chairman & CEO of The PrivateBank-St. Louis,
+1-314-301-2200