PrivateBancorp, Inc. Announces Pricing of Upsized Common Stock Underwritten Public...

PrivateBancorp, Inc. Announces Pricing of Upsized Common Stock Underwritten
Public Offering

CHICAGO, June 6 /PRNewswire-FirstCall/ -- PrivateBancorp, Inc. (the
"Company") (Nasdaq: PVTB) today announced that on June 5, 2008, it increased
the number of shares available to be sold in its underwritten public offering
to 4 million shares of its common stock and priced the offering at $34.00 per
share. The offering is expected to close on June 11, 2008.
The Company also has granted the underwriters a 30-day over-allotment
option to purchase an additional 600,000 shares. The shares are being issued
pursuant to a prospectus supplement to the prospectus filed as a part of the
Company's effective shelf-registration statement on Form S-3
(File No. 333-150767). The net proceeds from the offering will be used to
fund the ongoing execution of its Strategic Growth Plan and for other general
corporate purposes.
Keefe, Bruyette & Woods, Inc. acted as sole book manager and Robert W.
Baird & Co. Incorporated was co-lead manager for the offering. Co-managers
were William Blair & Company, L.L.C., and SunTrust Robinson Humphrey, Inc.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities nor shall there be any sale
of these securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may only be made by
means of a prospectus and a related prospectus supplement, copies of which may
be obtained from Keefe, Bruyette & Woods at The Equitable Building, 787
Seventh Avenue, 4th floor, New York, NY 10019, Attn: Prospectus Department, or
by calling 1-800-221-3246.
About PrivateBancorp, Inc.
PrivateBancorp, Inc. is a growing diversified financial services company
with 22 offices in nine states and more than $6 billion in assets as of March
31, 2008. Through its subsidiaries, PrivateBancorp delivers customized
business and personal financial services to middle-market commercial and
commercial real estate companies, as well as business owners, executives,
entrepreneurs and wealthy families.
SOURCE PrivateBancorp, Inc.

Amy Yuhn, Director of Communications of PrivateBancorp, Inc., +1-312-564-1378,
ayuhn@theprivatebank.com