PrivateBancorp, Inc. Announces Commencement of Underwritten Public Offering of Common...

PrivateBancorp, Inc. Announces Commencement of Underwritten Public Offering of
Common Stock

CHICAGO, June 4 /PRNewswire-FirstCall/ -- PrivateBancorp, Inc. (the
"Company") (Nasdaq: PVTB) today announced it has commenced an underwritten
public offering of 3.7 million shares of its common stock. 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. is sole book manager and Robert W. Baird &
Co. Incorporated is co-lead manager for the offering. Co-managers are William
Blair & Company, L.L.C., and SunTrust Robinson Humphrey, Inc.
The Company intends to grant the underwriters an option to purchase up to
an additional 15 percent of the shares offered to cover over-allotments, if
any. The shares will be 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).
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