& #160; & #160;
Exhibit 99.1
For further information:
Media Contact:
Amy Yuhn
312-564-1378
ayuhn@theprivatebank.com
Investor Relations Contact:
Beth Coronelli
312-564-6052
bcoronelli@theprivatebank.com
For Immediate Release
PrivateBancorp Declares Quarterly Cash Dividend
CHICAGO, November 9, 2010 -- PrivateBancorp, Inc. (NASDAQ: PVTB) announced today its board of directors declared a quarterly cash dividend of $0.01 per share for the fourth quarter 2010 payable on December 31, 2010, to stockholders of record on December 17, 2010. This dividend is unchanged from the prior quarterly dividend of $0.01 per share.
About PrivateBancorp, Inc.
PrivateBancorp, Inc., through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. As of September 30, 2010, the Company had 34 offices in 10 states and $12.6 billion in assets. Our website is www.theprivatebank.com.