Kevin Van Solkema Joins PrivateBancorp, Inc. as Chief Risk Officer

Will Become Member of the Executive Management Committee

CHICAGO, March 31 /PRNewswire-FirstCall/ -- Kevin Van Solkema has joined
PrivateBancorp, Inc. (Nasdaq: PVTB) as chief risk officer responsible for
overall risk management encompassing credit, operational and enterprise risk
and loan review, it was announced today. He was also named a managing director
and chief risk officer of The PrivateBank-Chicago, a unit of PrivateBancorp,
as well as a member of the executive management committee.
Previously, Van Solkema served as deputy chief credit officer for LaSalle
Bank N.A., Chicago.
"We are pleased that Kevin has joined our team. He is a very seasoned
professional who will contribute greatly as we continue our growth of middle
market commercial relationships," said Larry D. Richman, President and Chief
Executive Officer of PrivateBancorp, Inc. and The PrivateBank-Chicago.
Prior to his tenure as deputy chief credit officer for LaSalle Bank, Van
Solkema served as head of consumer risk management for the North American
business unit at ABN AMRO/LaSalle Bank, where his responsibilities encompassed
credit and operational risk management activities for ABN AMRO Mortgage Group
and LaSalle Bank's consumer lending and portfolio mortgage units. Previously,
Van Solkema managed LaSalle Bank Midwest's commercial loan workout group. Van
Solkema began his career in 1983 at Michigan National Bank, rising to head of
risk management at that institution.
Van Solkema holds an MBA in finance from Michigan State University, East
Lansing, MI and a BBA degree in accounting from Grand Valley State University,
Allendale, MI.
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 .
SOURCE PrivateBancorp, Inc.

Thomas N. Castronovo, Chief Marketing Officer of PrivateBancorp, Inc.,
+1-630-762-0090