PrivateBancorp, Inc. is a bank holding company for six banking subsidiaries, with 23 offices in Chicago, Detroit, St. Louis, Milwaukee, Kansas City, Atlanta, Cleveland, and Minneapolis. The company is headquartered in Chicago. In exchange for a $244 million investment through the Treasury Department’s Capital Purchase Program, PrivateBancorp sold to the Treasury 244,000 shares of preferred stock, and issued warrants for an additional 1.3 million shares of the company’s common stock.
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Bailout Bank Bio: PrivateBancorp
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Federal Equity Investment |
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Total Revenue |
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Net Income |
$11.8 million |
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Number of Employees |
597 |
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Corporate Headquarters |
Chicago, Illinois |
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Business Sector |
Bank |
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Officers and Directors |
Richman, Larry, President, Chief Executive Officer, Director |
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Corporate Website |
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Executive Compensation |
2007 PrivateBancorp Annual Report
No federal contracts located.
No lobbying reports located.
Center for Responsive Politics (last accessed 03/24/2009)
February 2, 2009 PrivateBancorp takes $244M from Treasury Bizjournals.com
February 2, 2009 Privatebank sells shares to Treasury Chicago Tribune
February 2, 2009 PrivateBancorp receives $244M from Treasury Forbes
January 26, 2009 PrivateBancorp shares drop to 52-week low Chicago Tribune
January 26, 2009 PrivateBancorp OK'd for $244 million from Treasury Forbes
January 26, 2009 PrivateBancorp posts wider-than-expected Q4 loss Reuters
December 17, 2008 PrivateBancorp looks to shed space at 70 W. Madison Crain’s
Last Updated March 24, 2009
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