Exhibit 99.1
For further information:
Amy Yuhn
Director of Communications
312-564-1378
ayuhn@theprivatebank.com
News Release
For Immediate Release
PrivateBancorp, Inc. Declares quarterly cash dividend
Chicago, May 27, 2008 --- PrivateBancorp, Inc. (Nasdaq:PVTB) announced that its board of directors declared a quarterly cash dividend of $0.075 per share payable on June 30, 2008 to stockholders of record on June 16, 2008. This dividend is unchanged from the prior quarterly dividend of $0.075 per share.