Key Developments: PrivateBancorp Inc (PVTB.O)
19.76USD
19 Jun 2013
$-0.22 (-1.10%)
$19.98
$19.92
$19.92
$19.59
519,478
418,670
$20.83
$13.32
Latest Key Developments (Source: Significant Developments)
Privatebancorp Inc Declares Quarterly Cash Dividend
Privatebancorp Inc announced that Board Of Directors declared a quarterly cash dividend of $0.01 per share for the second quarter 2013 payable on June 28, 2013, to stockholders of record on June 14, 2013. Full Article
Privatebancorp Inc Declares Quarterly Cash Dividend
Privatebancorp Inc announced its Board of Directors declared a quarterly cash dividend of $0.01 per share for the first quarter 2013 payable on March 29, 2013, to stockholders of record on March 15, 2013. This dividend is unchanged from the prior quarterly dividend of $0.01 per share. Full Article
Privatebancorp Inc Declares Quarterly Cash Dividend
Privatebancorp Inc announced that board of directors declared a quarterly cash dividend of $0.01 per share for the fourth quarter 2012 payable on December 31, 2012 , to stockholders of record on December 17 , 2012. This dividend is unchanged from the prior quarterly dividend of $0.01 per share. Full Article
Privatebancorp Inc Completes Repurchase Of $243.8 Million Of TARP Preferred Stock
Privatebancorp Inc announced that it completed the repurchase of all preferred stock that it issued to the U.S. Department of Treasury under its Troubled Asset Relief Program (TARP) Capital Purchase Program at a price of $243.8 million plus $2.3 million in accrued and unpaid dividends, $813,000 of which will be expensed in the fourth quarter 2012. The repurchase will result in a one-time, non-cash after-tax charge of approximately $2.23 million in the fourth quarter of 2012, related to unaccreted discount recorded at the date of issuance. Full Article
Privatebancorp Inc Announces Pricing Of Subordinated Debentures Offering
Privatebancorp Inc announced that it priced its previously announced underwritten public offering of $125 million in aggregate principal amount of its 7.125% subordinated debentures due 2042. Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for the offering. The Company intends to use the net proceeds from the offering, together with net proceeds from its recently priced underwritten public offering of $75 million of its common stock and existing cash resources, to redeem all $243.8 million of preferred stock that the Company issued to the U.S. Department of Treasury under its Troubled Asset Relief Program (TARP) Capital Purchase Program. The redemption of the TARP preferred stock is subject to consummation of the offerings and the approval of the Federal Reserve. Full Article
Privatebancorp Inc Announces $125 Million Subordinated Debt Offering
Privatebancorp Inc announced that it has commenced an underwritten public offering of $125 million in aggregate principal amount of its subordinated debentures due 2042. Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the offering. The Company intends to use the anticipated net proceeds from the offering, together with net proceeds from its recently priced underwritten public offering of $75 million of its common stock and existing cash resources, to redeem all $243.8 million of preferred stock that the Company issued to the U.S. Department of Treasury under its Troubled Asset Relief Program (TARP) Capital Purchase Program. The redemption of the TARP preferred stock is subject to consummation of the offerings and the approval of the Federal Reserve. Full Article
Privatebancorp Inc Announces $75 Million Common Stock Offering
Privatebancorp Inc announced that it has commenced an underwritten public offering of $75 million of its common stock. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as joint book-running managers and Wells Fargo Securities will act as co-lead manager for the offering. The Company also announced that it expects to commence a separate public offering of $125 million aggregate principal amount of its subordinated debt securities in the near future. The consummation of the common stock offering is not conditioned upon the consummation of the anticipated subordinated debt offering, and vice versa. The Company intends to use the anticipated net proceeds from the offerings, together with existing cash resources, to redeem all $243.8 million of preferred stock that the Company issued to the U.S. Department of Treasury under its Troubled Asset Relief Program (TARP) Capital Purchase Program. The redemption of the TARP preferred stock is subject to consummation of the offerings and the approval of the Federal Reserve. Following the redemption of the TARP preferred stock, the Company intends to seek to repurchase the common stock warrant that it issued to the U.S. Treasury as part of its participation in the Capital Purchase Program. Full Article
Privatebancorp Inc Declares Quarterly Cash Dividend
Privatebancorp Inc announced its Board of Directors declared a quarterly cash dividend of $0.01 per share for the third quarter 2012 payable on September 28, 2012, to stockholders of record on September 14, 2012. This dividend is unchanged from the prior quarterly dividend of $0.01 per share. Full Article
PrivateBancorp Declares Quarterly Cash Dividend
PrivateBancorp announced its Board of Directors declared a quarterly cash dividend of $0.01 per share for the second quarter 2012 payable on June 29, 2012, to stockholders of record on June 15, 2012. This dividend is unchanged from the prior quarterly dividend of $0.01 per share. Full Article
PrivateBancorp Declares Quarterly Cash Dividend
PrivateBancorp announced that its board of directors declared a quarterly cash dividend of $0.01 per share for the first quarter 2012 payable on March 30, 2012, to stockholders of record on March 16, 2012. This dividend is unchanged from the prior quarterly dividend of $0.01 per share. Full Article
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