The PrivateBank Opens Overland Park Office

New Kansas Location is 24th Office

KANSAS CITY, Mo., June 30 /PRNewswire-FirstCall/ -- PrivateBancorp, Inc.,
(Nasdaq: PVTB) today announced it has opened its newest location in Overland
Park, Kan., giving the company 24 offices in 10 states.

"Having an office in Kansas is important from the standpoint of increased
convenience to our clients as well as additional business development
opportunities among the middle market commercial banking clients in the
state," said Calvin Kleinmann, Regional President, The PrivateBank-Kansas
City. "The Kansas-Missouri state line essentially divides the market in half
and we believe we can best serve our clients by being in both states."

The office is at 7500 College Blvd., Suite 1200, in Overland Park. The
location initially will be staffed with a personal banker, a treasury
management advisory and a commercial real estate banker.

About PrivateBancorp, Inc.
PrivateBancorp, Inc. is a growing diversified financial services company with
24 offices in 10 states and more than $10.4 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. Our website is at www.theprivatebank.com.

SOURCE PrivateBancorp, Inc.

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