The PrivateBank-St. Louis, a unit of PrivateBancorp, Inc. (Nasdaq: PVTB), today announced that five former St. Louis-based LaSalle Bank executives have joined the Bank effective immediately.

James C. Binz and John Bugh were named managing directors. Binz was senior vice president, division manager, regional commercial banking and Bugh was senior vice president, division manager, commercial real estate lending at LaSalle. Named as associate managing directors were Mark R. Brandom, who was vice president, commercial real estate lending, Nicholas C. DeVilder, who was vice president, commercial lending; and, David B. Vande Ven, who was first vice president, commercial lending. All of the executives served in LaSalle Bank's St. Louis regional office.

"With the addition of Jim, John, Mark, Nick and David, we gain substantial depth to pursue our middle market growth strategies in St. Louis and the surrounding regions. These are proven professionals who have developed commercial lending and commercial real estate lending relationships throughout the area. They share the same passion for providing highly personalized service to our clients. Their experience and knowledge will greatly benefit our growing roster of business clients," said Richard C. Jensen, Chairman & Chief Executive Officer, The PrivateBank-St. Louis.

Binz has over 18 years experience in the commercial banking sector with particular expertise in middle market lending. He began his career with the former Mercantile Bank, St. Louis (now U.S. Bank) in 1988 and worked in commercial banking until joining LaSalle Bank in 1999 as a senior vice president in middle market banking. In 2007, he was named senior vice president and division manager responsible for commercial banking in St. Louis and Kansas City. Binz, who received his BS in business administration from the University of Tulsa (Oklahoma), is a board member of the Matthew-Dickey Boys and Girls Club as well as a board member and former president of the Board of Education at Mary Queen of Peace School, St. Louis. He resides in Webster Groves, MO.

Bugh began his banking career as a bank examiner for the Federal Deposit Insurance Corporation (FDIC). He left the regulatory agency in 1994, and served in a variety of commercial and real estate lending positions at First National Bank of St. Louis. He joined LaSalle Bank in 2000, as vice president in the St. Louis regional office focusing on commercial real estate. He was named senior vice president and division manager of commercial real estate in 2004. Bugh received his BS in finance at Missouri State University. He resides in Town and Country, MO.

Brandom began his career as a valuation consultant in the real estate consulting and valuation group of Arthur Andersen, LLP, Chicago. In 2002, he joined LaSalle Bank's St. Louis regional office as a vice president, commercial real estate, the position he held prior to joining the PrivateBank. Brandom, who received his BS in business administration from the University of Missouri, Columbia, resides in St. Louis.

DeVilder joined LaSalle Bank, Chicago, in 2001 as a credit analyst in commercial lending upon his graduation from The University of Tennessee at Martin, where he earned his BS in business administration with a focus on economics and finance. From 2001 through 2007, he served in various commercial lending positions and was named vice president, middle market commercial lending in 2006. DeVilder currently serves as a Board Advisor for the South County YMCA in St. Louis. He resides in Waterloo, IL.

Vande Ven, who started his career in retailing in various finance and operations related positions for May Department Stores, joined LaSalle Bank's St. Louis regional office in 2000, as a credit analyst in middle market commercial lending. He subsequently became a commercial lender rising to the position of first vice president, middle market commercial lending. Vande Ven, who received his BA in business administration from Lindenwood University, is a resident of O'Fallon, MO.

About PrivateBancorp, Inc.

PrivateBancorp, Inc., through its PrivateBank subsidiaries, provides distinctive, highly personalized, premium financial services to a growing array of successful middle market privately held and public businesses, affluent individuals, wealthy families, professionals, entrepreneurs and real estate investors. The PrivateBank uses a European tradition of "private banking" as a model to develop lifetime relationships with its clients. Through a team of highly qualified managing directors, The PrivateBank delivers a sophisticated suite of tailored credit, treasury and wealth management solutions to meet its client's personal and commercial financial needs. The Company, which had assets of $5.0 billion as of December 31, 2007, has 20 offices located in the Atlanta, Chicago, Cleveland, Detroit, Milwaukee, Minneapolis, St. Louis, and Kansas City metropolitan areas.

Addition information can be found in the Investor Relations section of PrivateBancorp, Inc.'s website at .

Forward-Looking Statements: Statements contained in this news release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing in the Company's market areas, the effect of continued margin pressure on the Company's earnings, further deterioration in asset quality, insufficient liquidity/funding sources or the inability to obtain on terms acceptable to the Company the funding necessary to fund its loan growth, legislative or regulatory changes, adverse developments in the Company's loan or investment portfolios, slower than anticipated growth of the Company's business or unanticipated business declines, failure to get regulatory approval for a de novo federal savings bank in Kansas City or a limited purpose trust-only federal savings bank, competition, unforeseen difficulties in integrating new hires, failure to improve operating efficiencies through expense controls, and the possible dilutive effect of potential acquisitions, expansion or future capital raises. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

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