Timeline
1989
Organized PrivateBancorp, Inc. as a Delaware corporation
1991
Opened downtown Chicago office and began doing business as The PrivateBank
1994
Opened Wilmette, Ill. office
1997
Opened Oak Brook, Ill., office
1999
Completed $17 million initial public offering and began trading on the NASDAQ Stock Exchange under the ticker “PVTB.”
2000
Opened offices in St. Charles , Ill., and St. Louis, Mo.
Acquired offices in Lake Forest and Winnetka, III.
2001
Opened Geneva office
2002
Acquired controlling interest in Lodestar Investment Counsel, LLC
2003
Second Common Stock Offering of $57 million
2004
Acquired Corley Financial and established The PrivateBank Mortgage Company
2005
Acquired The PrivateBank–Michigan
Founded The PrivateBank–Wisconsin
Opened a second Chicago office in the Gold Coast area
2006
Opened Kansas City office
Acquired The PrivateBank–Georgia
2007
Launched Strategic Growth Plan and raised $200 million in private equity to fund plan
2008
Opened business development offices in Minneapolis, Cleveland, Des Moines and Denver
May 2008: Raised $143.75 million through Trust Preferred Offering
June 2008: Raised $166.1 million in new capital through issuance of common stock and sale of preferred stock
September 2008: Announced $140 million of senior and subordinated debt financing
2009
January 2009: Received $244 million from the U.S. Department of the Treasury under the Capital Purchase Program
May 2009: Raised $217 million in new capital through underwritten common stock offering.
July 2009: Assumed all non-brokered deposits and acquired certain assets of Founders Bank
October 2009: Raised $194 million in new capital through underwritten common stock offering.
