Company Profile For PrivateBancorp, Inc.

PrivateBancorp, Inc. (PVTB.O) (Nasdaq)
sector: Financials · industry: Banks ·
As of  6:00pm GMT
9.81USD
Price Change
-0.28
Percent Change
-2.78%
 
 
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Overview

PrivateBancorp, Inc. (PrivateBancorp) is a bank holding company. PrivateBancorp, through its PrivateBank subsidiaries (the Bank), provides business and personal financial services to middle-market commercial and commercial real estate companies, as well as business owners, executives, entrepreneurs and wealthy families. The Banks offers a suite of credit and non-credit solutions, including lending, treasury management, investment products, capital markets products and wealth management and trust services. The clients also have access to mortgage loans offered through The PrivateBank Mortgage Company, a subsidiary of PrivateBancorp. In December 2008, the Company completed the acquisition of Midwest Financial Services, Inc (MFS).

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, PrivateBancorp, Inc.'s interest income increased 26% to $221.2M. Net interest income after LLP totaled $98.7M, up from $38.5M. Net income applicable to Common totaled $7.3M vs. a loss of $22.9M. Net interest income reflects higher interest & fees on loans, also reflects lower provision for loan losses. Net income also reflects an increase in capital market product and higher treasury management fees.

Company Address

PrivateBancorp, Inc.
120 South LaSalle Street
Chicago   IL   60603
P: +1312.5642400

Total Employees

773

Find Out More About PVTB.O

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