EXHIBIT 99.3
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Amy Yuhn
Director of Communications
312-564-1378
ayuhn@theprivatebank.com
For Immediate Release
PrivateBancorp Declares Quarterly Cash Dividend
CHICAGO, May 29, 2009 -- PrivateBancorp, Inc. (NASDAQ: PVTB) announced today its board of directors declared a quarterly cash dividend of $0.01 per share for the second quarter 2009 payable on June 30, 2009, to stockholders of record on June 16, 2009. This dividend is unchanged from the prior quarterly dividend of $0.01 per share.