The PrivateBank Names Daniel Pehrson to Lead Michigan Region

BLOOMFIELD HILLS, Mich., June 10 /PRNewswire-FirstCall/ -- PrivateBancorp,
Inc., (Nasdaq: PVTB) today named Daniel Pehrson Chief Executive Officer of its
Michigan region, which includes offices in Bloomfield Hills, Rochester and
Grosse Pointe Farms.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090610/CG30619)

Pehrson has been serving as Managing Director and Chief Lending Officer in the
Commercial Banking division. He will continue those responsibilities in his
new role in addition to overseeing the delivery of private banking and wealth
management services in the region. With more than 30 years in banking, Pehrson
joined The PrivateBank in 2007 from LaSalle Bank, where he most recently
served as group senior vice president in the Troy office.

Pehrson replaces Patrick M. McQueen, who will remain with the company in an
advisory role. McQueen joined The PrivateBank in 1999 and was named CEO in
2008.

"Dan is a great leader who knows the Michigan market well and will help The
PrivateBank advance its vision to be the bank of choice for middle market
companies as well as the business owners, executives and entrepreneurs who
value our relationship-based approach," said Bruce Hague, President, National
Commercial Banking for The PrivateBank.

"Additionally, we are fortunate to have Pat's ongoing involvement in growing
our company," Hague continued. "We are grateful to Pat for his leadership over
the last 10 years and the contributions he's made in serving our Michigan
clients."

Pehrson earned a bachelor's degree from Michigan State University and is a
graduate of the Stonier Graduate School of Banking at the University of
Delaware. He serves on the boards of the Wayne County Sheriff's Education Fund
and Michigan Opera Theatre.

About PrivateBancorp, Inc.
PrivateBancorp, Inc. is a growing diversified financial services company with
23 offices in nine states and more than $10.4 billion in assets as of March
31, 2009. 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. To learn more, visit us at
www.theprivatebank.com.

SOURCE PrivateBancorp, Inc.

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