PrivateBancorp (PVTB) 8-K PrivateBancorp Reports Second Quarter 2011 Results

Exhibit 99.1

For further information:

Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Tracy Kessner

312-564-1467

tkessner@theprivatebank.com

For Immediate Release

PrivateBancorp Reports Second Quarter 2011 Results

Net income of $0.08 per share; Asset quality improves

CHICAGO, July 26, 2011 – PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income available to common shareholders of $5.5 million, or $0.08 per diluted share, for the second quarter 2011, compared to a net loss of $818,000, or $0.01 loss per diluted share, for the second quarter 2010, and net income of $7.5 million, or $0.10 per diluted share for the first quarter 2011. First quarter 2011 net income included a positive one-time tax adjustment of $2.8 million, or $0.04 per diluted share, relating to the revaluation of the Company’s deferred tax asset. For the six months ended June 30, 2011, the Company had net income available to common shareholders of $13.0 million, or $0.18 per diluted share, compared to a net loss of $25.1 million, or $0.36 loss per diluted share, for the six months ended June 30, 2010.

“We continue to build our commercial middle market bank and we are pleased to report a fourth consecutive profitable quarter, with meaningful progress in asset quality improvement as potential problem loans declined and we accelerated loan dispositions,” said Larry D. Richman. “Our team is focused on continuing to develop quality commercial banking relationships and we added approximately $200 million in loans from new commercial and industrial clients in the second quarter. However, total loans were down due to low borrowing demand, real estate refinancing, and problem loan sales. Overall we continue to employ a disciplined approach to the execution of our strategy and I believe this positions us well to continue the growth of our Company as the Midwest economy improves.”

Second Quarter Results

• Net revenue was $122.8 million, operating profit was $47.1 million, and net interest margin was 3.36 percent for the quarter. These results were primarily driven by the lower rate environment, a decline in loan balances, and increased costs related to workout activities.

• Total loans at June 30, 2011, were $8.7 billion, down 4 percent from the prior quarter. Commercial and industrial loans comprise 57 percent of the loan portfolio compared to 49 percent a year ago and commercial real estate and construction loans comprise 34 percent compared to 43 percent a year ago, as the Company continues to reposition the loan portfolio. Commercial and industrial loans have increased $627.0 million from a year ago.

• Non-performing loans declined 7 percent and special mention and potential problem loans decreased 22 percent from March 31, 2011. These improvements in asset quality drove a reduction in the allowance for loan losses resulting in a 14 percent decline in loan loss provision.

• Non-performing assets at quarter-end were up slightly from last quarter to $454.4 million. Disposition activity for the quarter included $121.5 million in problem loans and $14.0 million in other real estate owned (OREO).

Operating Performance

Net revenue declined to $122.8 million in the second quarter 2011, from $124.2 million in the second quarter 2010 and $127.0 million in the first quarter 2011. Operating profit was $47.1 million in the second quarter 2011, compared to $48.2 million in the second quarter 2010 and $51.6 million in the first quarter 2011. While overall expenses were flat, both net interest income and non-interest income were negatively impacted by the lower rate environment and declining loan balances.

Net interest income was $100.5 million for the second quarter 2011, down from $103.3 million for the second quarter 2010 and $102.6 million in the first quarter 2011. The impact of covered asset accretion on net interest income was $854,000 for the second quarter 2011, compared to $8.6 million in the second quarter 2010 and $1.4 million in the first quarter 2011. Net interest margin was 3.36 percent for the second quarter 2011, compared to 3.39 percent in the second quarter 2010 and 3.46 percent in the first quarter 2011. Excluding covered asset accretion, the net interest margin was 3.33 percent for the second quarter 2011, compared to 3.11 percent in the second quarter 2010 and 3.41 percent in the first quarter 2011.

Non-interest income was $21.6 million in the second quarter 2011, compared to $20.0 million in the second quarter 2010 and $23.6 million in the first quarter 2011. Treasury management income was up 14 percent from the second quarter 2010 and 3 percent from the first quarter 2011, reflecting continued success in cross-selling this service to new and existing clients. Trust and investment fee income decreased 2 percent from second quarter 2010 and was up 1 percent compared to the first quarter 2011. Capital markets revenue, including the credit valuation adjustment, was $3.9 million in the

2

second quarter, down from $4.1 million in the second quarter 2010 and $4.5 million in the first quarter 2011. The credit valuation adjustment was a negative $573,000 in the second quarter 2011, compared to a negative $1.3 million adjustment in the second quarter 2010 and a positive $817,000 adjustment in the first quarter 2011.

The prevailing market conditions in the mortgage industry led mortgage banking income to decrease to $704,000 for the second quarter 2011, compared to $1.8 million for the second quarter 2010 and $1.4 million for the first quarter 2011.

Expenses

Non-interest expense was $75.7 million in the second quarter 2011, compared to $76.0 million in the second quarter 2010 and $75.3 million in the first quarter 2011. The Company continued to manage expenses but credit costs negatively impacted total expenses as loan resolution efforts moved forward. Increased disposition activity and writedowns taken on OREO property during the quarter drove an increase in loan and collection costs and net foreclosed property expenses. Insurance costs declined $2.2 million from the first quarter 2011. The change in FDIC assessment methodology took effect at the beginning of the second quarter.

The efficiency ratio was 61.6 percent in the second quarter 2011, compared to 61.2 percent in the second quarter 2010 and 59.3 percent in the first quarter 2011.

Credit Quality

During the quarter, the Company made meaningful progress in reducing exposure to problem assets with loan and OREO dispositions of $121.5 million and $14.0 million, respectively. Our execution against net carrying values was strong. These dispositions were achieved at a net incremental charge of 8 percent. The amount of downgrades into special mention and potential problem loans continued to trend lower again this quarter and, together with our loan disposition efforts, are expected to result in further asset quality improvement in the second half of 2011. The non-performing loan inflows of $110.4 million were mostly composed of previously identified potential problem loans moving through the workout process to nonaccrual. The Company is actively moving problem loans through to resolution, resulting in higher OREO at June 30, 2011.

The second quarter 2011 provision for loan losses was $31.7 million, excluding covered loan provision, compared to $45.4 million in the second quarter 2010 and $36.7 million in the first quarter 2011. At June 30, 2011, the allowance for loan losses was $206.3 million, or 2.38 percent of total loans, compared to $232.4 million, or 2.63 percent of total loans, at June 30, 2010, and $218.2 million, or 2.41 percent of total loans, at March 31, 2011. The allowance for loan losses as a percentage of non-performing loans was 62 percent at June 30, 2011, compared to 63 percent at June 30, 2010, and 61 percent at March 31, 2011.

3

Net charge-offs were $43.7 million for the quarter ended June 30, 2011, compared to $49.8 million for the second quarter 2010 and $41.3 million for the first quarter 2011. Net charge-offs were higher this quarter as a result of the increased loan sale activity.

Non-performing assets totaled $454.4 million at June 30, 2011, compared to $438.9 million at June 30, 2010, and $450.7 million at March 31, 2011. Non-performing assets to total assets were 3.75 percent at June 30, 2011, compared to 3.48 percent at June 30, 2010, and 3.61 percent at March 31, 2011. Non-performing loans were $330.4 million at quarter-end, down from $370.2 million at the end of second quarter 2010, and $356.9 million at the end of the first quarter 2011. OREO totaled $124.0 million at June 30, 2011, an increase from $68.7 million at June 30, 2010, and $93.8 million at March 31, 2011.

Restructured loans accruing interest were $124.6 million at the end of second quarter 2011, compared to $4.0 million at the end of the second quarter 2010 and $100.9 million at the end of first quarter 2011. The Company continues to utilize loan restructuring as a way to maximize economic recovery.

Credit quality results exclude $346.5 million in covered assets as of the end of the second quarter, referring to certain assets acquired through an FDIC-assisted transaction that are subject to a loss-sharing agreement, compared to $434.8 million in the second quarter 2010 and $364.4 million in the first quarter 2011.

Balance Sheet

The Company continued to focus on its commercial middle market expertise and value-driven relationships to reshape the loan portfolio composition. Commercial and industrial loans comprised 57 percent of the total portfolio at June 30, 2011, compared to 49 percent a year ago. Total loans decreased to $8.7 billion at quarter-end, compared to $8.9 billion at June 30, 2010 and $9.0 billion at March 31, 2011. During the quarter, the Company improved the overall risk profile of the loan portfolio. The 4 percent decline in loans during the quarter was driven by lower demand, disposition of problem loans, and the Company’s disciplined approach to optimize capital allocation and exit relationships that were inconsistent with its strategy.

Total assets were $12.1 billion at June 30, 2011, compared to $12.6 billion at June 30, 2010, and $12.5 billion at March 31, 2011. Total deposits were $10.2 billion at June 30, 2011, compared to $10.6 billion at June 30, 2010, and $10.6 billion at March 31, 2011. Client deposits were $9.8 billion at the end of the second quarter 2011, compared to $10.3 billion at the end of second quarter 2010, and $10.0 billion at March 31, 2011. Non-interest bearing deposits at June 30, 2011 were 25 percent of total deposits, an increase from 20 percent a year ago.

The Company’s investment securities portfolio was $2.1 billion at June 30, 2011, compared to $2.1 billion at June 30, 2010, and $1.9 billion at March 31, 2011. Net unrealized gains were $52.7 million,

4

compared to $77.0 million at the end of the second quarter 2010 and $30.5 million at the end of the first quarter 2011. The securities portfolio is primarily composed of U.S. government agency backed mortgage pools, agency collateralized mortgage obligations, and investment grade municipal bonds.

Capital

As of June 30, 2011, the Company’s total risk-based capital ratio was 15.12 percent, the Tier 1 risk-based capital ratio was 12.95 percent, and the leverage ratio was 11.00 percent. Tier 1 common capital ratio was 8.34 percent and tangible common equity ratio was 7.58 percent at the end of the second quarter 2011.

Quarterly Conference Call and Webcast Presentation

PrivateBancorp will host a conference call on Tuesday, July 26, 2011, at 10 a.m. CT. The call may be accessed by telephone at (888) 782-9127 (U.S. and Canada) or (706) 634-5643 (International) and entering passcode #78029386. A live webcast of the call can be accessed on the Company website atwww.theprivatebank.com by visiting the Investor Relations tab under the About Us section. A rebroadcast will be available beginning approximately two hours after the call until midnight on July 28, 2011, by calling (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) and entering passcode #78029386.

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 June 30, 2011, the Company had 34 offices in 10 states and $12.1 billion in assets. The Company website is www.theprivatebank.com.

Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of federal securities laws. Our ability to predict results or the actual effects of future plans, strategies or events is inherently uncertain. Factors which could cause actual results to differ from those reflected in forward-looking statements include, but are not limited to: unforeseen credit quality problems or further deterioration in asset quality that could result in charge-offs greater than we have anticipated in our allowance for loan losses; adverse developments impacting one or more large credits; the extent of further deterioration in real estate values in our market areas, particularly in the Chicago area; difficulties in resolving problem credits or slower than anticipated dispositions of OREO which may result in increased losses or higher credit costs; slower than anticipated economic recovery or changes in economic outlook or market conditions that may affect demand for loans or other banking products and services; weakness in the commercial and industrial sector; unanticipated withdrawals of significant client deposits; lack of sufficient or cost-effective

5

sources of liquidity or funding; the terms and availability of capital when and to the extent necessary or required to repay TARP or otherwise; loss of key personnel or an inability to recruit and retain appropriate talent; potential for significant charges if our deferred tax or goodwill assets suffer impairment; unanticipated changes in interest rates or significant tightening of credit spreads; competitive pricing pressures; uncertainty regarding implications of the Dodd-Frank Act and the rules and regulations to be adopted in connection with implementation of the legislation, including evolving regulatory capital standards; other legislative, regulatory or accounting changes affecting financial services companies and/or the products and services offered by financial services companies; uncertainties related to potential costs associated with pending litigation; or failures or disruptions to our data processing or other information or operational systems. These factors should be considered in evaluating forward-looking statements and undue reliance should not be placed on our forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

Non-GAAP Measures

This press release contains both financial measures based on accounting principles generally accepted in the United States (GAAP) and non-GAAP based financial measures. The Company believes that these non-GAAP financial measures provide information useful to investors in understanding the underlying operational performance of the Company, its business, and performance trends and facilitates comparisons with the performance of others in the banking industry. If non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconcilement to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Editor’s Note: Financial highlights attached.

6

Consolidated Income Statements
Unaudited
(Amounts in thousands except per share data)

	Three Months Ended June 30,					Six Months Ended June 30,
	2011		2010			2011		2010
Interest Income
Loans, including fees	$	102,391	$	112,839		$	208,038	$	223,901
Federal funds sold and other short-term investments		399		664			735		1,208
Securities:
Taxable		15,568		16,417			30,958		31,867
Exempt from Federal income taxes		1,387		1,752			2,873		3,470
Total interest income		119,745		131,672			242,604		260,446
Interest Expense
Interest-bearing demand deposits		587		805			1,229		1,771
Savings deposits and money market accounts		6,082		9,368			12,744		18,482
Brokered and time deposits		6,528		9,537			13,220		20,961
Short-term borrowings		566		1,383			1,393		2,829
Long-term debt		5,479		7,247			10,962		14,752
Total interest expense		19,242		28,340			39,548		58,795
Net interest income		100,503		103,332			203,056		201,651
Provision for loan and covered loan losses		31,093		45,392			68,671		117,940
Net interest income after provision for loan and covered loan losses		69,410		57,940			134,385		83,711
Non-interest Income
Trust and investments		4,720		4,836			9,382		9,260
Mortgage banking		704		1,797			2,106		3,918
Capital markets products		3,871		4,113			8,360		4,391
Treasury management		4,873		4,281			9,624		7,889
Loan and credit-related fees		5,290		4,128			11,188		7,581
Other income, service charges, and fees		1,464		983			3,522		2,138
Net securities gains (losses)		670		(185	)		1,037		(156	)
Total non-interest income		21,592		19,953			45,219		35,021
Non-interest Expense
Salaries and employee benefits		38,636		37,485			77,193		76,874
Net occupancy expense		7,545		7,747			15,077		15,042
Technology and related costs		2,729		2,424			5,390		5,467
Marketing		2,500		2,363			4,443		4,465
Professional services		2,312		3,000			4,646		7,203
Outsourced servicing costs		1,852		2,298			4,006		3,819
Net foreclosed property expenses		7,485		3,686			13,791		5,089
Postage, telephone, and delivery		931		866			1,819		1,831
Insurance		5,092		5,654			12,432		11,073
Loan and collection expense		4,247		4,610			6,800		7,189
Other expenses		2,335		5,869			5,416		11,321
Total non-interest expense		75,664		76,002			151,013		149,373
Income (loss) before income taxes		15,338		1,891			28,591		(30,641	)
Income tax provision (benefit)		6,320		(766	)		8,599		(12,442	)
Net income (loss)		9,018		2,657			19,992		(18,199	)
Net income (loss) attributable to noncontrolling interests		58		76			130		146
Net income (loss) attributable to controlling interests		8,960		2,581			19,862		(18,345	)
Preferred stock dividends and discount accretion		3,419		3,399			6,834		6,793
Net income (loss) available to common stockholders	$	5,541	$	(818	)	$	13,028	$	(25,138	)
Per Common Share Data
Basic	$	0.08	$	(0.01	)	$	0.18	$	(0.36	)
Diluted	$	0.08	$	(0.01	)	$	0.18	$	(0.36	)
Common dividends per share	$	0.01	$	0.01		$	0.02	$	0.02
Weighted-average shares outstanding		70,428		69,995			70,388		69,964
Weighted-average diluted shares outstanding		70,474		69,995			70,436		69,964

Note 1: Due to the net loss available to common stockholders reported for the three months and six months ended June 30, 2010, all potentially dilutive common stock equivalents were excluded from the diluted net loss per share computation as their inclusion would have been antidilutive.

Note 2: Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Quarterly Consolidated Income Statements
Unaudited
(Amounts in thousands except per share data)

	2Q11		1Q11		4Q10		3Q10		2Q10
Interest Income
Loans, including fees	$	102,391	$	105,647	$	105,375	$	105,608	$	112,839
Federal funds sold and other short-term investments		399		336		366		376		664
Securities:
Taxable		15,568		15,390		15,453		16,996		16,417
Exempt from Federal income taxes		1,387		1,486		1,644		1,661		1,752
Total interest income		119,745		122,859		122,838		124,641		131,672
Interest Expense
Interest-bearing demand deposits		587		642		702		675		805
Savings deposits and money market accounts		6,082		6,662		7,437		8,512		9,368
Brokered and time deposits		6,528		6,692		7,367		8,130		9,537
Short-term borrowings		566		827		962		1,297		1,383
Long-term debt		5,479		5,483		6,023		7,068		7,247
Total interest expense		19,242		20,306		22,491		25,682		28,340
Net interest income		100,503		102,553		100,347		98,959		103,332
Provision for loan and covered loan losses		31,093		37,578		35,166		41,435		45,392
Net interest income after provision for loan and covered loan losses		69,410		64,975		65,181		57,524		57,940
Non-interest Income
Trust and investments		4,720		4,662		4,574		4,306		4,836
Mortgage banking		704		1,402		3,479		2,790		1,797
Capital markets products		3,871		4,489		6,791		3,104		4,113
Treasury management		4,873		4,751		4,625		4,406		4,281
Loan and credit-related fees		5,290		5,898		4,710		4,234		4,128
Other income, service charges, and fees		1,464		2,058		1,377		1,491		983
Net securities gains (losses)		670		367		9,309		3,029		(185	)
Total non-interest income		21,592		23,627		34,865		23,360		19,953
Non-interest Expense
Salaries and employee benefits		38,636		38,557		38,577		34,412		37,485
Net occupancy expense		7,545		7,532		7,385		7,508		7,747
Technology and related costs		2,729		2,661		2,447		2,310		2,424
Marketing		2,500		1,943		1,997		2,039		2,363
Professional services		2,312		2,334		3,020		2,708		3,000
Outsourced servicing costs		1,852		2,154		1,950		2,038		2,298
Net foreclosed property expenses		7,485		6,306		7,028		3,075		3,686
Postage, telephone, and delivery		931		888		1,049		779		866
Insurance		5,092		7,340		8,348		7,113		5,654
Loan and collection expense		4,247		2,553		4,029		3,405		4,610
Other expenses		2,335		3,081		6,318		2,690		5,869
Total non-interest expense		75,664		75,349		82,148		68,077		76,002
Income (loss) before income taxes		15,338		13,253		17,898		12,807		1,891
Income tax provision (benefit)		6,320		2,279		5,919		4,786		(766	)
Net income (loss)		9,018		10,974		11,979		8,021		2,657
Net income (loss) attributable to noncontrolling interests		58		72		67		71		76
Net income (loss) attributable to controlling interests		8,960		10,902		11,912		7,950		2,581
Preferred stock dividends and discount accretion		3,419		3,415		3,409		3,405		3,399
Net income (loss) available to common stockholders	$	5,541	$	7,487	$	8,503	$	4,545	$	(818	)
Per Common Share Data
Basic	$	0.08	$	0.10	$	0.12	$	0.06	$	(0.01	)
Diluted	$	0.08	$	0.10	$	0.12	$	0.06	$	(0.01	)
Common dividends per share	$	0.01	$	0.01	$	0.01	$	0.01	$	0.01
Weighted-average shares outstanding		70,428		70,347		70,098		70,067		69,995
Weighted-average diluted shares outstanding		70,474		70,396		70,135		70,097		69,995

Note 1:Due to the net loss available to common stockholders reported for the second quarter 2010, all potentially dilutive common stock equivalents were excluded from the diluted net loss per share computation as their inclusion would have been antidilutive.

Consolidated Balance Sheets
(Dollars in thousands)

	06/30/11			03/31/11			12/31/10			09/30/10			06/30/10
	unaudited			unaudited			audited			unaudited			unaudited
Assets
Cash and due from banks	$	160,289		$	181,738		$	112,772		$	144,298		$	111,997
Fed funds sold and other short-term investments		457,422			621,206			541,316			532,637			769,803
Loans held for sale		13,503			22,611			30,758			44,271			20,762
Securities available-for-sale, at fair value		2,057,290			1,892,304			1,881,786			2,033,527			2,029,962
Non-marketable equity investments		20,406			23,490			23,537			25,587			33,825
Loans - excluding covered assets, net of unearned fees		8,672,642			9,037,067			9,114,357			8,992,129			8,851,439
Allowance for loan losses		(206,286	)		(218,237	)		(222,821	)		(223,392	)		(232,411	)
Loans, net of allowance for loan losses and unearned fees		8,466,356			8,818,830			8,891,536			8,768,737			8,619,028
Covered assets		346,452			364,372			397,210			419,865			434,828
Allowance for covered loan losses		(16,904	)		(19,738	)		(15,334	)		(12,174	)		(5,176	)
Covered assets, net of allowance for covered loan losses		329,548			344,634			381,876			407,691			429,652
Other real estate owned		123,997			93,770			88,728			90,944			68,693
Premises, furniture, and equipment, net		38,171			39,019			40,975			42,347			40,599
Accrued interest receivable		32,128			33,960			33,854			34,697			35,278
Investment in bank owned life insurance		50,183			49,799			49,408			48,950			48,521
Goodwill		94,596			94,609			94,621			94,633			94,646
Other intangible assets		16,089			16,464			16,840			17,242			17,655
Derivative assets		93,453			87,273			100,250			128,891			113,493
Other assets		161,946			177,735			177,364			169,513			177,126
Total assets	$	12,115,377		$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040
Liabilities
Demand deposits:
Non-interest-bearing	$	2,527,230		$	2,438,709		$	2,253,661		$	2,173,419		$	2,090,222
Interest-bearing		531,107			540,215			616,761			614,049			738,631
Savings deposits and money market accounts		4,497,297			4,831,253			4,821,823			5,039,970			5,066,653
Brokered deposits		1,342,422			1,467,196			1,450,827			1,241,366			1,236,589
Time deposits		1,336,212			1,348,603			1,392,357			1,461,668			1,437,204
Total deposits		10,234,268			10,625,976			10,535,429			10,530,472			10,569,299
Short-term borrowings		63,311			88,468			118,561			179,651			164,069
Long-term debt		409,793			409,793			414,793			439,566			473,720
Accrued interest payable		5,767			5,529			5,968			7,603			7,727
Derivative liabilities		95,043			88,351			102,018			132,594			116,599
Other liabilities		46,547			41,193			60,942			48,940			43,534
Total liabilities		10,854,729			11,259,310			11,237,711			11,338,826			11,374,948
Equity
Preferred stock		239,642			239,270			238,903			238,542			238,185
Common stock		71,155			71,036			70,972			70,657			70,630
Treasury stock		(20,615	)		(20,312	)		(20,054	)		(19,023	)		(19,003	)
Additional paid-in capital		963,156			959,135			954,977			950,721			946,981
Accumulated deficit		(25,388	)		(30,223	)		(36,999	)		(44,784	)		(48,638	)
Accumulated other comprehensive income, net of tax		32,535			19,121			20,078			48,776			47,758
Total stockholders’ equity		1,260,485			1,238,027			1,227,877			1,244,889			1,235,913
Noncontrolling interests		163			105			33			250			179
Total equity		1,260,648			1,238,132			1,227,910			1,245,139			1,236,092
Total liabilities and equity	$	12,115,377		$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040

Selected Financial Data
Unaudited
(Amounts in thousands except per share data)

	2Q11			1Q11			4Q10			3Q10			2Q10
Selected Statement of Income Data:
Net interest income	$	100,503		$	102,553		$	100,347		$	98,959		$	103,332
Net revenue(1) (2)	$	122,811		$	126,970		$	136,088		$	123,210		$	124,209
Operating profit(1) (2)	$	47,147		$	51,621		$	53,940		$	55,133		$	48,207
Provision for loan and covered loan losses	$	31,093		$	37,578		$	35,166		$	41,435		$	45,392
Income (loss) before taxes	$	15,338		$	13,253		$	17,898		$	12,807		$	1,891
Net income (loss) available to common stockholders	$	5,541		$	7,487		$	8,503		$	4,545		$	(818	)
Per Common Share Data:
Basic earnings (loss) per share	$	0.08		$	0.10		$	0.12		$	0.06		$	(0.01	)
Diluted earnings (loss) per share (3)	$	0.08		$	0.10		$	0.12		$	0.06		$	(0.01	)
Dividends	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Book value (period end)(1)	$	14.22		$	13.98		$	13.87		$	14.10		$	13.98
Tangible book value (period end)(1) (2)	$	12.68		$	12.43		$	12.30		$	12.53		$	12.40
Market value (close)	$	13.80		$	15.29		$	14.38		$	11.39		$	11.08
Book value multiple		0.97	x		1.09	x		1.04	x		0.81	x		0.79	x
Share Data:
Weighted average common shares outstanding		70,428			70,347			70,098			70,067			69,995
Diluted average common shares outstanding(3)		70,474			70,396			70,135			70,097			69,995
Common shares issued (at period end)		72,497			72,096			71,979			71,964			71,978
Common shares outstanding (at period end)		71,808			71,428			71,327			71,386			71,403
Performance Ratios:
Return on average assets		0.29	%		0.35	%		0.38	%		0.25	%		0.08	%
Return on average common equity		2.18	%		3.03	%		3.31	%		1.77	%		-0.33	%
Net interest margin(1) (2)		3.36	%		3.46	%		3.33	%		3.28	%		3.39	%
Covered asset accretion contribution to net interest margin		0.03	%		0.05	%		0.05	%		0.03	%		0.28	%
Net interest margin, excluding impact of covered asset accretion		3.33	%		3.41	%		3.28	%		3.25	%		3.11	%
Fee revenue as a percent of total revenue(1)		17.23	%		18.49	%		20.30	%		17.04	%		16.31	%
Non-interest income to average assets		0.69	%		0.77	%		1.11	%		0.74	%		0.63	%
Non-interest expense to average assets		2.43	%		2.44	%		2.61	%		2.16	%		2.39	%
Net overhead ratio(1)		1.74	%		1.68	%		1.50	%		1.42	%		1.76	%
Efficiency ratio (1) (2)		61.61	%		59.34	%		60.36	%		55.25	%		61.19	%
Selected Information:
Assets under management and administration(1)	$	4,395,516		$	4,313,843		$	4,271,602		$	4,023,821		$	3,746,934
Credit valuation adjustment(1)	$	(573	)	$	817		$	1,826		$	(830	)	$	(1,271	)
Balance Sheet Ratios:
Loans to Deposits (period end) (4)		84.74	%		85.05	%		86.51	%		85.39	%		83.75	%
Average interest-earning assets to average interest-bearing liabilities		139.77	%		134.88	%		134.76	%		133.96	%		130.58	%
Capital Ratios (period end):
Total risk-based capital(1)		15.12	%		14.55	%		14.18	%		14.40	%		14.83	%
Tier 1 risk-based capital(1)		12.95	%		12.41	%		12.06	%		12.25	%		12.43	%
Leverage (1)		11.00	%		10.91	%		10.78	%		10.71	%		10.39	%
Tier 1 common capital(1) (2)		8.34	%		7.97	%		7.69	%		7.79	%		7.86	%
Tangible common equity to tangible assets(1) (2)		7.58	%		7.17	%		7.10	%		7.17	%		7.09	%
Total equity to total assets		10.41	%		9.91	%		9.85	%		9.89	%		9.80	%

(1) Refer to Glossary of Terms for definition.

(2) This is a non-U.S. GAAP measure, refer to Non-U.S. GAAP Measures for a reconciliation from non-U.S. GAAP to U.S. GAAP.

(3) For the second quarter 2010, diluted shares are equal to basic shares due to the net loss. The calculation of diluted earnings per share for that period results in anti-dilution.

(4) Excludes covered assets. Refer to Glossary of Terms for definition.

Loan Composition (excluding covered assets(1))
(Dollars in thousands)

	06/30/11		% of Total			03/31/11		% of Total			12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total
	unaudited					unaudited					audited					unaudited					unaudited
Commercial and industrial	$	3,993,619		46	%	$	4,079,874		45	%	$	4,015,257		44	%	$	3,850,498		43	%	$	3,564,504		40	%
Commercial - owner-occupied CRE		988,540		11	%		990,342		11	%		897,620		10	%		774,678		9	%		790,629		9	%
Total commercial		4,982,159		57	%		5,070,216		56	%		4,912,877		54	%		4,625,176		52	%		4,355,133		49	%
Commercial real estate		2,191,127		25	%		2,289,259		25	%		2,400,923		26	%		2,534,600		28	%		2,604,977		30	%
Commercial real estate - multi-family		397,291		5	%		451,685		5	%		457,246		5	%		471,989		5	%		502,708		6	%
Total commercial real estate		2,588,418		30	%		2,740,944		30	%		2,858,169		31	%		3,006,589		33	%		3,107,685		36	%
Construction		366,061		4	%		464,253		5	%		530,733		6	%		556,960		6	%		571,437		7	%
Residential real estate		301,250		4	%		314,082		4	%		319,146		4	%		324,434		4	%		309,001		3	%
Home equity		190,691		2	%		188,900		2	%		197,179		2	%		197,977		2	%		203,053		2	%
Personal		244,063		3	%		258,672		3	%		296,253		3	%		280,993		3	%		305,130		3	%
Total loans	$	8,672,642		100	%	$	9,037,067		100	%	$	9,114,357		100	%	$	8,992,129		100	%	$	8,851,439		100	%

Commercial Real Estate and Construction Loans Portfolio by Collateral Type

Unaudited

	06/30/11					03/31/11					12/31/10
	Amount		% of Total			Amount		% of Total			Amount		% of Total
Commercial Real Estate Portfolio
Land	$	247,580		10	%	$	297,373		11	%	$	311,464		11	%
Residential 1-4 family		126,554		5	%		136,632		5	%		139,689		5	%
Multi-family		397,291		15	%		451,685		16	%		457,246		16	%
Industrial/warehouse		351,836		14	%		384,127		14	%		391,694		14	%
Office		509,758		20	%		525,013		19	%		531,193		18	%
Retail		427,397		16	%		420,766		15	%		450,135		16	%
Health care		79,651		3	%		79,854		3	%		114,545		4	%
Mixed use/other		448,351		17	%		445,494		17	%		462,203		16	%
Total commercial real estate	$	2,588,418		100	%	$	2,740,944		100	%	$	2,858,169		100	%
Construction Portfolio
Land	$	48,035		13	%	$	51,681		11	%	$	46,036	��	9	%
Residential 1-4 family		27,475		8	%		24,588		5	%		30,698		6	%
Multi-family		59,825		16	%		77,117		17	%		77,685		15	%
Industrial/warehouse		26,322		7	%		34,505		7	%		34,703		7	%
Office		55,544		15	%		83,629		18	%		92,369		17	%
Retail		64,985		18	%		78,155		17	%		92,268		17	%
Mixed use/other		83,875		23	%		114,578		25	%		156,974		29	%
Total construction	$	366,061		100	%	$	464,253		100	%	$	530,733		100	%

(1) Refer to Glossary of Terms for definition.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

	2Q11			1Q11			4Q10			3Q10			2Q10
Credit Quality Key Ratios
Net charge-offs (annualized) to average loans		1.95	%		1.83	%		1.54	%		2.17	%		2.24	%
Nonperforming loans to total loans		3.81	%		3.95	%		4.01	%		4.13	%		4.18	%
Nonperforming loans to total assets		2.73	%		2.86	%		2.94	%		2.95	%		2.94	%
Nonperforming assets to total assets		3.75	%		3.61	%		3.65	%		3.67	%		3.48	%
Allowance for loan losses to:
total loans		2.38	%		2.41	%		2.44	%		2.48	%		2.63	%
nonperforming loans		62	%		61	%		61	%		60	%		63	%
Nonperforming assets
Loans past due 90 days and accruing	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		330,448			356,932			365,880			371,156			370,179
OREO		123,997			93,770			88,728			90,944			68,693
Total nonperforming assets	$	454,445		$	450,702		$	454,608		$	462,100		$	438,872
Restructured loans accruing interest	$	124,614		$	100,895		$	87,576		$	53,397		$	4,030
Nonperforming Loans Rollforward
Beginning balance	$	356,932		$	365,880		$	371,156		$	370,179		$	381,207
Additions:
New nonaccrual loans		110,438			95,275			108,526			123,557			130,400
Reductions:
Return to performing status		(2,781	)		(11,059	)		(6,564	)		(5,969	)		(17,984	)
Paydowns and payoffs, net		(7,941	)		(16,301	)		(18,852	)		(18,208	)		(33,733	)
Net sales		(38,129	)		(11,288	)		(10,595	)		(3,200	)		(8,043	)
Transfer to OREO		(49,667	)		(23,655	)		(39,795	)		(44,979	)		(31,480	)
Charge-offs, net		(38,404	)		(41,920	)		(37,996	)		(50,224	)		(50,188	)
Total reductions		(136,922	)		(104,223	)		(113,802	)		(122,580	)		(141,428	)
Balance at end of period	$	330,448		$	356,932		$	365,880		$	371,156		$	370,179
OREO Rollforward
Beginning balance	$	93,770		$	88,728		$	90,944		$	68,693		$	60,755
New foreclosed property		49,667			23,661			40,178			44,979			31,688
Valuation adjustments		(5,483	)		(4,762	)		(1,994	)		(1,385	)		(2,108	)
Disposals:
Sales proceeds		(13,615	)		(12,277	)		(40,076	)		(20,277	)		(21,514	)
Net (loss) gain on sale		(342	)		(1,580	)		(324	)		(1,066	)		(128	)
Balance at end of period	$	123,997		$	93,770		$	88,728		$	90,944		$	68,693
Restructured Loans Accruing Interest Rollforward
Beginning balance	$	100,895		$	87,576		$	53,397		$	4,030		$	3,840
Additions:
New restructured loans accruing interest		54,656			19,328			45,582			49,404			—
Advances		—			—			1,215			—			190
Reductions:
Paydowns and payoffs		(21,007	)		(1,535	)		(181	)		(37	)		—
Move to nonperforming loans		(9,930	)		(4,474	)		(12,437	)		—			—
Balance at end of period	$	124,614		$	100,895		$	87,576		$	53,397		$	4,030

(1) Refer to Glossary of Terms for definition.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

Credit Quality Indicators⁽¹⁾

	Special Mention		% of Loan Type			Potential Problem Loans		% of Loan Type			Non- Performing Loans		% of Loan Type			Total Loans
As of June 30, 2011
Transformational(1)
Commercial	$	23,805		0.5	%	$	141,998		3.2	%	$	48,429		1.1	%	$	4,459,172
Commercial real estate		73,216		5.7	%		71,531		5.6	%		38,208		3.0	%		1,274,904
Construction		14,171		6.2	%		15,243		6.7	%		12,580		5.5	%		229,184
Residential real estate		1,205		1.1	%		6,055		5.7	%		306		0.3	%		105,406
Home equity		—		—			346		0.9	%		—		—			39,110
Personal		—		—			810		0.6	%		365		0.3	%		128,648
Total transformational	$	112,397		1.8	%	$	235,983		3.8	%	$	99,888		1.6	%	$	6,236,424
Legacy(1)
Commercial	$	10,326		2.0	%	$	29,784		5.7	%	$	12,968		2.5	%	$	522,987
Commercial real estate		95,038		7.2	%		100,943		7.7	%		144,807		11.0	%		1,313,514
Construction		—		—			3,076		2.2	%		24,560		17.9	%		136,877
Residential real estate		7,069		3.6	%		10,683		5.5	%		18,190		9.3	%		195,844
Home equity		1,536		1.0	%		10,501		6.9	%		12,706		8.4	%		151,581
Personal		1,047		0.9	%		1,049		0.9	%		17,329		15.0	%		115,415
Total legacy		115,016		4.7	%		156,036		6.4	%		230,560		9.5	%		2,436,218
Total	$	227,413		2.6	%	$	392,019		4.5	%	$	330,448		3.8	%	$	8,672,642
As of March 31, 2011
Transformational(1)
Commercial	$	29,991		0.7	%	$	150,452		3.4	%	$	58,013		1.3	%	$	4,471,032
Commercial real estate		84,403		6.7	%		121,080		9.7	%		7,272		0.6	%		1,253,286
Construction		21,611		6.8	%		21,774		6.9	%		15,308		4.8	%		317,317
Residential real estate		1,219		1.2	%		5,723		5.7	%		272		0.3	%		100,137
Home equity		—		—			346		1.1	%		—		—			31,390
Personal		—		—			934		0.7	%		—		—			125,599
Total transformational	$	137,224		2.2	%	$	300,309		4.8	%	$	80,865		1.3	%	$	6,298,761
Legacy(1)
Commercial	$	28,107		4.7	%	$	34,719		5.8	%	$	20,018		3.3	%	$	599,184
Commercial real estate		81,614		5.5	%		152,548		10.3	%		184,062		12.4	%		1,487,658
Construction		15,453		10.5	%		10,378		7.1	%		26,335		17.9	%		146,936
Residential real estate		8,917		4.2	%		9,469		4.4	%		16,597		7.8	%		213,945
Home equity		3,121		2.0	%		8,410		5.3	%		11,397		7.2	%		157,510
Personal		1,083		0.8	%		2,311		1.7	%		17,658		13.3	%		133,073
Total legacy		138,295		5.1	%		217,835		8.0	%		276,067		10.1	%		2,738,306
Total	$	275,519		3.0	%	$	518,144		5.7	%	$	356,932		3.9	%	$	9,037,067

(1) Refer to Glossary of Terms for definition.

Asset Quality (excluding covered assets(1))
Unaudited
(Dollars in thousands)

Nonaccrual Loans Stratification

	$10.0 Million or More		$5.0 to $9.9 Million		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of June 30, 2011
Amount:
Commercial	$	35,062	$	9,763	$	3,201	$	2,260	$	11,111	$	61,397
Commercial real estate		36,600		33,966		35,122		29,486		47,841		183,015
Construction		12,490		5,351		4,808		5,226		9,265		37,140
Residential real estate		—		—		7,789		—		10,707		18,496
Personal and home equity		11,040		—		—		2,165		17,195		30,400
Total	$	95,192	$	49,080	$	50,920	$	39,137	$	96,119	$	330,448
Number of borrowers:
Commercial		3		1		1		1		38		44
Commercial real estate		2		6		9		14		83		114
Construction		1		1		1		2		14		19
Residential real estate		—		—		2		—		19		21
Personal and home equity		1		—		—		1		40		42
Total		7		8		13		18		194		240
As of March 31, 2011
Amount:
Commercial	$	41,962	$	9,506	$	7,950	$	5,113	$	13,500	$	78,031
Commercial real estate		26,041		49,375		28,384		38,306		49,228		191,334
Construction		15,045		5,352		4,551		8,654		8,041		41,643
Residential real estate		—		—		7,789		—		9,080		16,869
Personal and home equity		—		11,049		—		3,766		14,240		29,055
Total	$	83,048	$	75,282	$	48,674	$	55,839	$	94,089	$	356,932
Number of borrowers:
Commercial		3		1		2		2		43		51
Commercial real estate		2		8		7		18		85		120
Construction		1		1		1		4		13		20
Residential real estate		—		—		2		—		16		18
Personal and home equity		—		1		—		2		35		38
Total		6		11		12		26		192		247

Restructured Loans Accruing Interest Stratification

	$10.0 Million or More		$5.0 to $9.9 Million		$3.0 to $4.9 Million		$1.5 to $2.9 Million			Under $1.5 Million		Total
As of June 30, 2011
Amount:
Commercial	$	32,780	$	14,313	$	3,462	$	1,734		$	5,744	$	58,033
Commercial real estate		21,435		5,207		8,152		1,985			5,237		42,016
Construction		—		5,936		3,076		—			—		9,012
Residential real estate		—		—		—		—			1,167		1,167
Personal and home equity		12,886		—		—		—			1,500		14,386
Total	$	67,101	$	25,456	$	14,690	$	3,719		$	13,648	$	124,614
Number of borrowers:
Commercial		2		2		1		1	��		13		19
Commercial real estate		1		1		3		1			9		15
Construction		—		1		1		—			—		2
Residential real estate		—		—		—		—			3		3
Personal and home equity		1		—		—		—			5		6
Total		4		4		5		2			30		45
As of March 31, 2011
Amount:
Commercial	$	—	$	5,265	$	3,342	$	1,774		$	4,669	$	15,050
Commercial real estate		36,250		5,229		10,048		8,724			7,169		67,420
Construction		—		—		3,094		—			—		3,094
Residential real estate		—		—		—		—			796		796
Personal and home equity		12,984		—		—		—			1,551		14,535
Total	$	49,234	$	10,494	$	16,484	$	10,498		$	14,185	$	100,895
Number of borrowers:
Commercial		—		1		1		1			10		13
Commercial real estate		2		1		3		4			10		20
Construction		—		—		1		—			—		1
Residential real estate		—		—		—		—			1		1
Personal and home equity		1		—		—		—			4		5
Total		3		2		5		5			25		40

(1) Refer to Glossary of Terms for definition.

Loan Portfolio Aging (excluding covered assets(1))
Unaudited
(Dollars in thousands)

As of June 30, 2011	Current			30-59 Days Past Due			60-89 Days Past Due			90 Days Past Due and Accruing			Nonaccrual			Total Loans
Loan balances:
Commercial	$	4,915,061		$	1,723		$	3,978		$	—		$	61,397		$	4,982,159
Commercial real estate		2,391,727			3,384			10,292			—			183,015			2,588,418
Construction		328,921			—			—			—			37,140			366,061
Residential real estate		281,362			392			1,000			—			18,496			301,250
Personal and home equity		400,263			2,803			1,288			—			30,400			434,754
Total loans	$	8,317,334		$	8,302		$	16,558		$	—		$	330,448		$	8,672,642
Aging as a percent of loan balance:
Commercial		98.66	%		0.03	%		0.08	%		—			1.23	%		100.00	%
Commercial real estate		92.40	%		0.13	%		0.40	%		—			7.07	%		100.00	%
Construction		89.85	%		—			—			—			10.15	%		100.00	%
Residential real estate		93.40	%		0.13	%		0.33	%		—			6.14	%		100.00	%
Personal and home equity		92.07	%		0.64	%		0.30	%		—			6.99	%		100.00	%
Total loans		95.90	%		0.10	%		0.19	%		—			3.81	%		100.00	%
	2Q11			1Q11			4Q10			3Q10			2Q10
Nonaccrual loans:
Commercial	$	61,397		$	78,031		$	82,146		$	87,800		$	90,364
Commercial real estate		183,015			191,334			202,724			213,975			214,365
Construction		37,140			41,643			33,403			33,589			37,859
Residential real estate		18,496			16,869			14,841			9,101			9,717
Personal and home equity		30,400			29,055			32,766			26,691			17,874
Total	$	330,448		$	356,932		$	365,880		$	371,156		$	370,179
Nonaccrual loans as a percent of total loan type:
Commercial		1.23	%		1.54	%		1.67	%		1.90	%		2.07	%
Commercial real estate		7.07	%		6.98	%		7.09	%		7.12	%		6.90	%
Construction		10.15	%		8.97	%		6.29	%		6.03	%		6.63	%
Residential real estate		6.14	%		5.37	%		4.65	%		2.81	%		3.14	%
Personal and home equity		6.99	%		6.49	%		6.54	%		5.57	%		3.52	%
Total		3.81	%		3.95	%		4.01	%		4.13	%		4.18	%
Loans past due 60-89 days and still accruing:
Commercial	$	3,978		$	139		$	759		$	435		$	3,620
Commercial real estate		10,292			6,782			12,346			8,864			14,884
Construction		—			—			1,895			6,200			—
Residential real estate		1,000			396			4,098			2,767			1,347
Personal and home equity		1,288			2,935			4,033			1,104			1,147
Total	$	16,558		$	10,252		$	23,131		$	19,370		$	20,998
Loans past due 60-89 days and still accruing as a percent of total loan type:
Commercial		0.08	%		—			0.02	%		0.01	%		0.08	%
Commercial real estate		0.40	%		0.25	%		0.43	%		0.29	%		0.48	%
Construction		—			—			0.36	%		1.11	%		—
Residential real estate		0.33	%		0.13	%		1.28	%		0.85	%		0.44	%
Personal and home equity		0.30	%		0.66	%		0.80	%		0.23	%		0.23	%
Total		0.19	%		0.11	%		0.27	%		0.22	%		0.24	%
Loans past due 30-59 days and still accruing:
Commercial	$	1,723		$	3,997		$	1,024		$	2,772		$	2,741
Commercial real estate		3,384			23,409			10,264			18,869			26,073
Construction		—			4,835			—			3,327			258
Residential real estate		392			753			180			1,174			—
Personal and home equity		2,803			1,921			14,098			2,188			2,065
Total	$	8,302		$	34,915		$	25,566		$	28,330		$	31,137
Loans past due 30-59 days and still accruing as a percent of total loan type:
Commercial		0.03	%		0.08	%		0.02	%		0.06	%		0.06	%
Commercial real estate		0.13	%		0.85	%		0.36	%		0.63	%		0.84	%
Construction		—			1.04	%		—			0.60	%		0.05	%
Residential real estate		0.13	%		0.24	%		0.06	%		0.36	%		—
Personal and home equity		0.64	%		0.43	%		2.86	%		0.46	%		0.41	%
Total		0.10	%		0.39	%		0.28	%		0.32	%		0.35	%

(1) Refer to Glossary of Terms for definition.

Foreclosed Real Estate (OREO), excluding covered assets(1)
Unaudited
(Dollars in thousands)

OREO Properties by Type

	June 30, 2011				March 31, 2011				December 31, 2010
	Number of Properties		Amount		Number of Properties		Amount		Number of Properties		Amount
Single family homes		61	$	24,081		24	$	18,219		24	$	21,534
Land parcels		285		58,403		322		37,079		320		34,122
Multi-family		14		14,393		13		8,464		14		6,061
Office/industrial		21		18,938		24		25,544		20		26,511
Retail		4		8,182		4		4,464		1		500
Total		385	$	123,997		387	$	93,770		379	$	88,728

OREO Property Location

	Illinois		Georgia		Michigan		South Eastern  (2)		Other		Total
June 30, 2011
Single family homes	$	19,628	$	1,259	$	2,504	$	690	$	—	$	24,081
Land parcels		36,846		3,496		3,188		8,837		6,036		58,403
Multi-family		12,116		—		2,277		—		—		14,393
Office/industrial		9,099		1,044		1,483		3,772		3,540		18,938
Retail		7,290		892		—		—		—		8,182
Total	$	84,979	$	6,691	$	9,452	$	13,299	$	9,576	$	123,997
March 31, 2011
Single family homes	$	16,054	$	139	$	1,954	$	—	$	72	$	18,219
Land parcels		12,325		5,706		4,531		10,396		4,121		37,079
Multi-family		5,854		—		2,610		—		—		8,464
Office/industrial		14,613		1,044		2,193		3,864		3,830		25,544
Retail		1,259		892		2,313		—		—		4,464
Total	$	50,105	$	7,781	$	13,601	$	14,260	$	8,023	$	93,770
December 31, 2010
Single family homes	$	14,943	$	139	$	6,194	$	—	$	258	$	21,534
Land parcels		10,874		4,772		3,626		10,396		4,454		34,122
Multi-family		5,166		—		895		—		—		6,061
Office/industrial		13,505		1,104		3,787		4,573		3,542		26,511
Retail		500		—		—		—		—		500
Total	$	44,988	$	6,015	$	14,502	$	14,969	$	8,254	$	88,728

(1) Refer to Glossary of Terms for definition.

(2) Represents the southeastern states of Arkansas and Florida.

Allowance for Loan Losses (excluding covered assets(1))
Unaudited
(Dollars in thousands)

	2Q11			1Q11			4Q10			3Q10			2Q10
Change in allowance for loan losses:
Balance at beginning of period	$	218,237		$	222,821		$	223,392		$	232,411		$	236,851
Loans charged-off:
Commercial	$	(10,512	)	$	(4,200	)	$	(3,050	)	$	(2,541	)	$	(8,440	)
Commercial real estate		(25,402	)		(29,409	)		(21,909	)		(31,809	)		(24,956	)
Construction		(8,275	)		(62	)		(1,709	)		(4,882	)		(10,644	)
Residential real estate		(186	)		(386	)		(544	)		(1,715	)		(886	)
Home equity		(508	)		(1,447	)		(1,234	)		(736	)		(651	)
Personal		(434	)		(6,787	)		(8,602	)		(8,939	)		(6,346	)
Total charge-offs		(45,317	)		(42,291	)		(37,048	)		(50,622	)		(51,923	)
Recoveries on loans previously charged-off:
Commercial	$	707		$	465		$	1,243		$	730		$	664
Commercial real estate		511			272			75			304			896
Construction		56			97			274			131			444
Residential real estate		40			2			12			4			11
Home equity		15			10			79			9			3
Personal		312			155			259			394			73
Total recoveries		1,641			1,001			1,942			1,572			2,091
Net charge-offs		(43,676	)		(41,290	)		(35,106	)		(49,050	)		(49,832	)
Provisions charged to operating expense		31,725			36,706			34,535			40,031			45,392
Balance at end of period	$	206,286		$	218,237		$	222,821		$	223,392		$	232,411
Allocation of allowance for loan losses:
General allocated reserve:
Commercial	$	46,000		$	50,250		$	52,100		$	50,863		$	55,408
Commercial real estate		67,000			75,500			72,850			75,701			76,193
Construction		9,600			12,900			16,000			17,048			17,869
Residential real estate		5,400			4,425			4,275			3,842			3,999
Home equity		3,500			3,425			3,150			2,312			2,552
Personal		3,100			3,325			3,475			4,910			5,602
Total allocated	$	134,600		$	149,825		$	151,850		$	154,676		$	161,623
Specific reserve		71,686			68,412			70,971			68,716			70,788
Total	$	206,286		$	218,237		$	222,821		$	223,392		$	232,411
Allocation of reserve by a percent of total allowance for loan losses:
General allocated reserve:
Commercial		22	%		23	%		23	%		23	%		24	%
Commercial real estate		32	%		35	%		33	%		34	%		33	%
Construction		5	%		6	%		7	%		8	%		8	%
Residential real estate		3	%		2	%		2	%		2	%		2	%
Home equity		2	%		2	%		1	%		1	%		1	%
Personal		2	%		2	%		2	%		2	%		2	%
Total allocated		66	%		70	%		68	%		70	%		70	%
Specific reserve		34	%		30	%		32	%		30	%		30	%
Total		100	%		100	%		100	%		100	%		100	%
Allowance for loan losses to:
total loans		2.38	%		2.41	%		2.44	%		2.48	%		2.63	%
nonperforming loans		62	%		61	%		61	%		60	%		63	%
nonaccrual loans		62	%		61	%		61	%		60	%		63	%

(1) Refer to Glossary of Terms for definition.

Deposits
(Dollars in thousands)

	06/30/11		% of Total			03/31/11		% of Total			12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total
	unaudited					unaudited					audited					unaudited					unaudited
Non-interest bearing deposits	$	2,527,230		25	%	$	2,438,709		23	%	$	2,253,661		21	%	$	2,173,419		20	%	$	2,090,222		20	%
Interest-bearing deposits		531,107		5	%		540,215		5	%		616,761		6	%		614,049		6	%		738,631		7	%
Savings deposits		202,427		2	%		203,550		2	%		190,685		2	%		178,533		2	%		170,087		1	%
Money market accounts		4,294,870		42	%		4,627,703		44	%		4,631,138		44	%		4,861,437		46	%		4,896,566		46	%
Brokered deposits:
Traditional		277,628		3	%		455,473		4	%		329,107		3	%		150,183		1	%		103,774		1	%
Client CDARS (1)		956,094		9	%		888,676		8	%		852,458		8	%		828,508		8	%		1,013,115		10	%
Non-client CDARS (1)		108,700		1	%		123,047		1	%		269,262		3	%		262,675		3	%		119,700		1	%
Total brokered deposits		1,342,422		13	%		1,467,196		13	%		1,450,827		14	%		1,241,366		12	%		1,236,589		12	%
Time deposits		1,336,212		13	%		1,348,603		13	%		1,392,357		13	%		1,461,668		14	%		1,437,204		14	%
Total deposits	$	10,234,268		100	%	$	10,625,976		100	%	$	10,535,429		100	%	$	10,530,472		100	%	$	10,569,299		100	%
Client deposits (1)	$	9,847,940		96	%	$	10,047,456		95	%	$	9,937,060		94	%	$	10,117,614		96	%	$	10,345,825		98	%

(1) Refer to Glossary of Terms for definition.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Three Months Ended June 30,
	2011								2010
	Average Balance			Interest(1)		Rate			Average Balance			Interest(1)		Rate
Assets:
Fed funds sold and other short-term investments	$	631,725		$	399		0.25	%	$	1,016,907		$	664		0.26	%
Securities:
Taxable		1,826,537			15,568		3.41	%		1,630,482			16,417		4.03	%
Tax-exempt(2)		139,620			2,103		6.02	%		170,103			2,676		6.29	%
Total securities		1,966,157			17,671		3.59	%		1,800,585			19,093		4.24	%
Loans, excluding covered assets:
Commercial		5,098,199			58,667		4.55	%		4,334,786			50,442		4.60	%
Commercial real estate		2,719,370			28,348		4.12	%		3,169,320			34,608		4.32	%
Construction		413,049			3,640		3.49	%		590,151			5,348		3.58	%
Residential		314,362			3,424		4.36	%		330,428			3,852		4.66	%
Personal and home equity		441,100			4,023		3.66	%		510,215			5,009		3.94	%
Total loans, excluding covered assets(3)		8,986,080			98,102		4.32	%		8,934,900			99,259		4.40	%
Total interest-earning assets before covered assets (2)		11,583,962			116,172		3.98	%		11,752,391			119,014		4.02	%
Covered assets(4)		332,076			4,289		5.12	%		430,480			13,580		12.52	%
Total interest-earning assets (2)	$	11,916,038		$	120,461		4.01	%	$	12,182,872		$	132,596		4.32	%
Cash and due from banks		156,678								152,495
Allowance for loan and covered loan losses		(245,608	)							(250,202	)
Other assets		672,575								684,659
Total assets	$	12,499,683							$	12,769,824
Liabilities and Equity:
Interest-bearing demand deposits	$	553,328		$	587		0.42	%	$	726,855		$	805		0.44	%
Savings deposits		204,794			209		0.41	%		169,258			240		0.57	%
Money market accounts		4,560,816			5,873		0.52	%		4,820,973			9,128		0.76	%
Time deposits		1,333,194			4,289		1.29	%		1,464,450			5,730		1.57	%
Brokered deposits		1,393,661			2,239		0.64	%		1,473,876			3,807		1.04	%
Total interest-bearing deposits		8,045,793			13,197		0.66	%		8,655,412			19,710		0.91	%
Short term borrowings		70,045			566		3.20	%		193,949			1,383		2.82	%
Long term debt		409,793			5,479		5.33	%		480,678			7,247		6.00	%
Total interest-bearing liabilities		8,525,631			19,242		0.90	%		9,330,039			28,340		1.21	%
Non-interest bearing demand deposits		2,556,527								2,039,396
Other liabilities		158,773								167,144
Equity		1,258,752								1,233,245
Total liabilities and equity	$	12,499,683							$	12,769,824
Net interest spread(5)							3.11	%							3.11	%
Effect of non interest-bearing funds							0.25	%							0.28	%
Net interest income/margin(2) (5) (6)				$	101,219		3.36	%				$	104,256		3.39	%

(1) Interest income included $5.5 million and $5.6 million in loan fees for the three months ended June 30, 2011 and 2010, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP measure. Refer to Non-U.S. GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $357.2 million and $403.0 million for the three months ended June 30, 2011 and 2010, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $3.7 million and $4.4 million for the three months ended June 30, 2011 and 2010, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the three months ended June 30, 2011 and 2010, accretion related to covered assets contributed to net interest margin by 3 and 28 basis points, respectively.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Three Months Ended June 30, 2011									Three Months Ended March 31, 2011
	Average Balance				Interest(1)		Rate			Average Balance			Interest(1)		Rate
Assets:
Fed funds sold and other short-term investments	$	631,725			$	399		0.25	%	$	517,641		$	336		0.26	%
Securities:
Taxable		1,826,537				15,568		3.41	%		1,734,347			15,390		3.55	%
Tax-exempt(2)		139,620				2,103		6.02	%		149,260			2,276		6.10	%
Total securities		1,966,157				17,671		3.59	%		1,883,607			17,666		3.75	%
Loans, excluding covered assets:
Commercial		5,098,199				58,667		4.55	%		5,021,733			57,746		4.60	%
Commercial real estate		2,719,370				28,348		4.12	%		2,842,014			29,929		4.21	%
Construction		413,049				3,640		3.49	%		516,609			4,885		3.78	%
Residential		314,362				3,424		4.36	%		329,050			3,785		4.60	%
Personal and home equity		441,100				4,023		3.66	%		466,719			4,065		3.53	%
Total loans, excluding covered assets(3)		8,986,080				98,102		4.32	%		9,176,125			100,410		4.38	%
Total interest-earning assets before covered assets (2)		11,583,962				116,172		3.98	%		11,577,373			118,412		4.09	%
Covered assets(4)		332,076				4,289		5.12	%		353,378			5,237		5.94	%
Total interest-earning assets (2)	$	11,916,038			$	120,461		4.01	%	$	11,930,751		$	123,649		4.15	%
Cash and due from banks		156,678									171,007
Allowance for loan and covered loan losses		(245,608	)								(250,067	)
Other assets		672,575									656,053
Total assets	$	12,499,683								$	12,507,744
Liabilities and Equity:
Interest-bearing demand deposits	$	553,328			$	587		0.42	%	$	599,357		$	642		0.43	%
Savings deposits		204,794				209		0.41	%		197,501			200		0.41	%
Money market accounts		4,560,816				5,873		0.52	%		4,664,227			6,462		0.56	%
Time deposits		1,333,194				4,289		1.29	%		1,379,197			4,518		1.33	%
Brokered deposits		1,393,661				2,239		0.64	%		1,478,171			2,174		0.60	%
Total interest-bearing deposits		8,045,793				13,197		0.66	%		8,318,453			13,996		0.68	%
Short term borrowings		70,045				566		3.20	%		114,957			827		2.88	%
Long term debt		409,793		��		5,479		5.33	%		411,960			5,483		5.32	%
Total interest-bearing liabilities		8,525,631				19,242		0.90	%		8,845,370			20,306		0.93	%
Non-interest bearing demand deposits		2,556,527									2,264,100
Other liabilities		158,773									157,634
Equity		1,258,752									1,240,640
Total liabilities and equity	$	12,499,683								$	12,507,744
Net interest spread(5)								3.11	%							3.22	%
Effect of non interest-bearing funds								0.25	%							0.24	%
Net interest income/margin(2) (5) (6)					$	101,219		3.36	%				$	103,343		3.46	%

(1) Interest income included $5.5 million and $5.9 million in loan fees for the three months ended June 30, 2011 and March 31, 2011, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP measure. Refer to Non-U.S. GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $357.2 million and $377.3 million for the three months ended June 30, 2011 and March 31, 2011, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $3.7 million and $4.0 million for the three months ended June 30, 2011 and March 31, 2011, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the quarters ended June 30, 2011 and March 31, 2011, accretion related to covered assets contributed to net interest margin by 3 and 5 basis points, respectively.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

Net Interest Margin
Unaudited
(Dollars in thousands)

	Six Months Ended June 30,
	2011								2010
	Average Balance			Interest(1)		Rate			Average Balance			Interest(1)		Rate
Assets:
Fed funds sold and other short-term investments	$	574,998		$	735		0.25	%	$	887,902		$	1,208		0.27	%
Securities:
Taxable		1,780,697			30,958		3.48	%		1,543,805			31,867		4.13	%
Tax-exempt(2)		144,413			4,380		6.07	%		165,829			5,279		6.37	%
Total securities		1,925,110			35,338		3.67	%		1,709,634			37,146		4.35	%
Loans, excluding covered assets:
Commercial		5,060,294			116,412		4.58	%		4,330,364			100,256		4.60	%
Commercial real estate		2,780,249			58,277		4.17	%		3,129,613			68,166		4.33	%
Construction		464,498			8,525		3.65	%		675,535			11,235		3.31	%
Residential		321,562			7,209		4.48	%		332,451			8,102		4.87	%
Personal and home equity		453,866			8,089		3.59	%		515,613			9,831		3.85	%
Total loans, excluding covered assets(3)		9,080,469			198,512		4.35	%		8,983,576			197,590		4.38	%
Total interest-earning assets before covered assets (2)		11,580,577			234,585		4.03	%		11,581,112			235,944		4.06	%
Covered assets(4)		342,668			9,526		5.54	%		447,536			26,311		11.72	%
Total interest-earning assets (2)	$	11,923,245		$	244,111		4.08	%	$	12,028,648		$	262,255		4.34	%
Cash and due from banks		163,802								166,722
Allowance for loan and covered loan losses		(247,825	)							(246,031	)
Other assets		663,580								657,948
Total assets	$	12,502,802							$	12,607,287
Liabilities and Equity:
Interest-bearing demand deposits	$	576,216		$	1,229		0.43	%	$	723,636		$	1,771		0.49	%
Savings deposits		201,168			408		0.41	%		159,860			526		0.66	%
Money market accounts		4,612,237			12,336		0.54	%		4,526,198			17,956		0.80	%
Time deposits		1,356,068			8,807		1.31	%		1,554,618			11,952		1.55	%
Brokered deposits		1,435,683			4,413		0.62	%		1,555,430			9,009		1.17	%
Total interest-bearing deposits		8,181,372			27,193		0.67	%		8,519,742			41,214		0.98	%
Short term borrowings		92,377			1,393		3.00	%		217,285			2,829		2.59	%
Long term debt		410,870			10,962		5.32	%		502,887			14,752		5.84	%
Total interest-bearing liabilities		8,684,619			39,548		0.91	%		9,239,914			58,795		1.28	%
Non-interest bearing demand deposits		2,411,118								1,971,436
Other liabilities		157,315								160,170
Equity		1,249,750								1,235,767
Total liabilities and equity	$	12,502,802							$	12,607,287
Net interest spread(5)							3.17	%							3.06	%
Effect of non interest-bearing funds							0.24	%							0.30	%
Net interest income/margin(2) (5) (6)				$	204,563		3.41	%				$	203,460		3.36	%

(1) Interest income included $11.5 million and $10.9 million in loan fees for the six months ended June 30, 2011 and 2010, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP measure. Refer to Non-U.S. GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $368.7 million and $409.7 million for the six months ended June 30, 2011 and 2010, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $7.7 million and $8.9 million for the six months ended June 30, 2011 and 2010, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the six months ended June 30, 2011 and 2010, accretion related to covered assets contributed to net interest margin by 4 and 26 basis points, respectively.

Non-U.S. GAAP Measures
Unaudited
(Amounts in thousands except per share data)

This press release contains both financial measures based on accounting principles generally accepted in the United States (U.S. GAAP) and non-U.S. GAAP based financial measures. These non-U.S. GAAP measures include net interest income, net interest margin, net revenue, operating profit and efficiency ratio all on a fully taxable-equivalent basis; tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. We believe that presenting these non-U.S. GAAP financial measures will provide information useful to investors in understanding our underlying operational performance, our business, and performance trends and facilitates comparisons with the performance of others in the banking industry.

We use net interest income on a taxable-equivalent basis in calculating various performance measures by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments assuming a 35% tax rate. Management believes this measure to be the preferred industry measurement of net interest income as it enhances comparability to net interest income arising from taxable and tax-exempt sources, and accordingly believes that providing this measure may be useful for peer comparison purposes.

We also consider various measures when evaluating capital utilization and adequacy, including tier 1 common equity to risk-weighted assets, tangible equity to tangible assets, tangible equity to risk-weighted assets, tangible common equity to tangible assets, and tangible book value. These calculations are intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. Certain of these measures exclude from capital the ending balances of goodwill and other intangibles and/or preferred capital components. Because U.S. GAAP does not include capital ratio measures, we believe there are no comparable U.S. GAAP financial measures to these ratios. We believe these non-U.S. GAAP measures are relevant because they reflect the level of capital available to withstand unexpected market conditions. Additionally, presentation of these measures allows readers to compare certain aspects of our capitalization to other companies. However, because there are no standardized definitions for these ratios, our calculations may not be comparable with other companies, and the usefulness of these measures to investors may be limited.

Non-U.S. GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-U.S. GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation or as a substitute for analyses of results as reported under U.S. GAAP. As a result, we encourage readers to consider our Consolidated Financial Statements in their entirety and not to rely on any single financial measure. The following table reconciles Non-U.S. GAAP financial measures to U.S. GAAP:

	Quarters Ending
	2Q11			1Q11			4Q10			3Q10			2Q10
Taxable-equivalent interest income
U.S. GAAP net interest income	$	100,503		$	102,553		$	100,347		$	98,959		$	103,332
Taxable-equivalent adjustment		716			790			876			891			924
Taxable-equivalent net interest income(a)	$	101,219		$	103,343		$	101,223		$	99,850		$	104,256
Average Earning Assets(b)	$	11,916,038		$	11,930,751		$	11,918,849		$	11,938,905		$	12,182,872
Net Interest Margin((a) annualized) / (b)		3.36	%		3.46	%		3.33	%		3.28	%		3.39	%
Net Revenue
Taxable-equivalent net interest income(a)	$	101,219		$	103,343		$	101,223		$	99,850		$	104,256
U.S. GAAP non-interest income		21,592			23,627			34,865			23,360			19,953
Net revenue	$	122,811		$	126,970		$	136,088		$	123,210		$	124,209
Operating Profit
Taxable-equivalent net interest income(a)	$	101,219		$	103,343		$	101,223		$	99,850		$	104,256
U.S. GAAP non-interest income		21,592			23,627			34,865			23,360			19,953
Less: U.S. GAAP non-interest expense		75,664			75,349			82,148			68,077			76,002
Operating profit	$	47,147		$	51,621		$	53,940		$	55,133		$	48,207
Efficiency Ratio
U.S. GAAP non-interest expense(c)	$	75,664		$	75,349		$	82,148		$	68,077		$	76,002
Taxable-equivalent net interest income(a)	$	101,219		$	103,343		$	101,223		$	99,850		$	104,256
U.S. GAAP non-interest income		21,592			23,627			34,865			23,360			19,953
Net revenue(d)	$	122,811		$	126,970		$	136,088		$	123,210		$	124,209
Efficiency ratio(c) /(d)		61.61	%		59.34	%		60.36	%		55.25	%		61.19	%

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

Non-U.S. GAAP Measures (continued)
Unaudited
(Amounts in thousands except per share data)

	Six Months Ending June 30,
	2011			2010
Taxable-equivalent interest income
U.S. GAAP net interest income	$	203,056		$	201,651
Taxable-equivalent adjustment		1,507			1,809
Taxable-equivalent net interest income(a)	$	204,563		$	203,460
Average Earning Assets(b)	$	11,923,245		$	12,028,648
Net Interest Margin((a) annualized) / (b)		3.41	%		3.36	%
Net Revenue
Taxable-equivalent net interest income(a)	$	204,563		$	203,460
U.S. GAAP non-interest income		45,219			35,021
Net revenue	$	249,782		$	238,481
Operating Profit
Taxable-equivalent net interest income(a)	$	204,563		$	203,460
U.S. GAAP non-interest income		45,219			35,021
Less: U.S. GAAP non-interest expense		151,013			149,373
Operating profit	$	98,769		$	89,108
Efficiency Ratio
U.S. GAAP non-interest expense (c)	$	151,013		$	149,373
Taxable-equivalent net interest income(a)	$	204,563		$	203,460
U.S. GAAP non-interest income		45,219			35,021
Net revenue(d)	$	249,782		$	238,481
Efficiency ratio(c) /(d)		60.46	%		62.64	%

	Quarters Ending
	2Q11			1Q11			4Q10			3Q10			2Q10
Tier 1 Common Capital
U.S. GAAP total equity	$	1,260,648		$	1,238,132		$	1,227,910		$	1,245,139		$	1,236,092
Trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: unrealized gains on available-for-sale securities		32,535			19,121			20,078			48,776			47,758
Less: disallowed deferred tax assets		—			—			5,377			—			6,360
Less: goodwill		94,596			94,609			94,621			94,633			94,646
Less: other intangibles		16,089			16,464			16,840			17,242			17,655
Tier 1 risk-based capital		1,362,221			1,352,731			1,335,787			1,329,281			1,314,466
Less: preferred stock		239,642			239,270			238,903			238,542			238,185
Less: trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: noncontrolling interests		163			105			33			250			179
Tier 1 common capital(e)	$	877,623		$	868,563		$	852,058		$	845,696		$	831,309
Tangible Common Equity
U.S. GAAP total equity	$	1,260,648		$	1,238,132		$	1,227,910		$	1,245,139		$	1,236,092
Less: goodwill		94,596			94,609			94,621			94,633			94,646
Less: other intangibles		16,089			16,464			16,840			17,242			17,655
Tangible equity(f)		1,149,963			1,127,059			1,116,449			1,133,264			1,123,791
Less: preferred stock		239,642			239,270			238,903			238,542			238,185
Tangible common equity(g)	$	910,321		$	887,789		$	877,546		$	894,722		$	885,606
Tangible Assets
U.S. GAAP total assets	$	12,115,377		$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040
Less: goodwill		94,596			94,609			94,621			94,633			94,646
Less: other intangibles		16,089			16,464			16,840			17,242			17,655
Tangible assets(h)	$	12,004,692		$	12,386,369		$	12,354,160		$	12,472,090		$	12,498,739
Risk-weighted Assets(i)	$	10,518,850		$	10,903,625		$	11,080,051		$	10,850,399		$	10,571,135
Period-end Shares Outstanding(j)		71,808			71,428			71,327			71,386			71,403
Ratios:
Tier 1 common equity to risk-weighted assets (e) / (i)		8.34	%		7.97	%		7.69	%		7.79	%		7.86	%
Tangible equity to tangible assets(f) / (h)		9.58	%		9.10	%		9.04	%		9.09	%		8.99	%
Tangible equity to risk-weighted assets(f) / (i)		10.93	%		10.34	%		10.08	%		10.44	%		10.63	%
Tangible common equity to tangible assets(g) / (h)		7.58	%		7.17	%		7.10	%		7.17	%		7.09	%
Tangible book value(g) / (j)	$	12.68		$	12.43		$	12.30		$	12.53		$	12.40

Glossary of Terms

Assets under management and administration (“AUMA”) - Assets held in trust where we serve as trustee or in accounts where we make investment decisions on behalf of clients. AUMA also includes non-managed assets we hold in custody for clients or for which we receive fees for advisory or brokerage services. We do not include these assets on our Consolidated Balance Sheets.

Book value - Total common equity divided by outstanding shares of common stock at end of period.

CDARS^® deposit program - is a deposit services arrangement that effectively achieves FDIC deposit insurance for jumbo deposit relationships. These deposits are classified as brokered deposits for regulatory reporting purposes; however, we classify these deposits as client CDARS^® due to the source being our client relationships and are, therefore, not traditional ‘brokered’ deposits. We also participate in a non-client CDARS^® program that is more like a traditional brokered deposit program in that our relationship is not with the underlying depositor.

Client deposits - Total deposits less brokered deposits plus client CDARS^TM.

Common equity - Total equity less preferred stock.

Covered assets - Assets acquired through an FDIC-assisted transaction that are subject to a loss share agreement and are presented separately on the Consolidated Balance Sheets.

Credit quality indicators - The Company has adopted an internal risk rating policy in which each loan is rated for credit quality with a numerical rating of 1 through 8. Loans rated 5 and better (1-5 ratings, inclusive) are credits that exhibit acceptable financial performance, cash flow, and leverage. If any risk exists, we attempt to mitigate by structure, collateral, monitoring, or other meaningful controls. Credits rated 6 are considered special mention as these credits demonstrate potential weakness and that if left unresolved, may result in deterioration in the Company’s credit position and/or the repayment prospects for the credit. Borrowers rated special mention may exhibit adverse operating trends, high leverage, tight liquidity or other credit concerns. Potential problem loans have a risk rating of 7 and are considered inadequately protected by the current net worth and paying capacity of the obligor, the collateral pledged, or guarantors. These loans generally have a well defined weakness or weaknesses that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not resolved. Nonperforming loans include nonaccrual loans risk rated 7 or 8 and have all the weaknesses inherent in a 7-rated potential problem loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Special mention, potential problem and nonperforming loans are reviewed at minimum on a quarterly basis, while all other rated credits are reviewed as the situation warrants.

Credit valuation adjustment (“CVA”) - An adjustment may need to be incorporated into the valuation of derivative instruments for nonperformance risk to include the counterparty’s credit risk and the Company’s own credit risk. This adjustment is referred to as the CVA. The CVA represents the credit component of fair value with regard to both client-based trades and the related matched trades with interbank dealer counterparties.

Efficiency ratio - Total non-interest expense divided by the sum of net interest income on a tax equivalent basis and non-interest income. This is a non-U.S. GAAP financial measure.

Fee revenue as percent of total revenue ratio - Total non-interest income less net securities gains (losses) divided by the sum of net interest income and non-interest income less net securities gains (losses).

U.S. GAAP - Accounting principles generally accepted in the United States of America.

Net interest margin - Expressed as a percentage, net interest margin is a ratio computed as annualized taxable-equivalent net interest income divided by average interest-earning assets. This is a non-U.S. GAAP financial measure.

Net interest spread - The difference between the average yield earned on interest-earning assets on a taxable-equivalent basis and the average rate paid for interest-bearing liabilities.

Net overhead ratio - Total non-interest expense less non-interest income divided by average total assets.

Net revenue - The sum of taxable equivalent net interest income and non-interest income. This is a non-U.S. GAAP financial measure.

Non-U.S. GAAP - Certain financial measures within this document that are not formally defined by U.S. GAAP or codified in the federal banking regulations. A reconciliation of these non-U.S. GAAP measures may be found on the previous two pages.

Operating profit - The sum of taxable equivalent net interest income and non-interest income, less non-interest expense. This is a non-U.S. GAAP financial measure.

Risk-weighted assets - Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Tangible book value - Total common equity less goodwill and other intangibles divided by outstanding shares of common stock at end of period. This is a non-U.S. GAAP financial measure.

Tangible common equity to tangible assets ratio - Tangible common equity divided by tangible assets, where tangible common equity equals total equity less preferred stock, goodwill and other intangible assets and tangible assets equals total assets less goodwill and other intangible assets. This is a non-U.S. GAAP financial measure.

Glossary of Terms (continued)

Taxable-equivalent interest income - The interest income earned on certain assets is completely or partially exempt from Federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on other taxable investments. This adjustment is not permitted under U.S. GAAP on the Consolidated Income Statement.

Tier 1 common capital - Tier 1 risk-based capital, less preferred equity, less trust preferred capital securities, and less noncontrolling interests.

Tier 1 common capital ratio - Tier 1 common capital divided by period-end risk-weighted assets. This is a non-U.S. GAAP financial measure.

Tier 1 risk-based capital - Total equity, plus trust preferred capital securities, plus certain noncontrolling interests that are held by others; less goodwill and certain other intangible assets, less equity investments in nonfinancial companies, less ineligible servicing assets, less disallowed deferred tax assets and less net unrealized holding gains (losses) on available for sale equity securities, available for sale debt securities, and cash flow hedge derivatives.

Tier 1 risk-based capital ratio - Tier 1 risk-based capital divided by period-end risk-weighted assets.

Leverage ratio - Tier 1 risk-based capital divided by adjusted average total assets.

Total risk-based capital - Tier 1 risk-based capital plus qualifying subordinated debt, other noncontrolling interest not qualified as Tier 1, eligible gains on available-for-sale equity securities and the allowance for loan and lease losses, subject to certain limitations.

Total risk-based capital ratio - Total risk-based capital divided by period-end risk-weighted assets.

Transformational and legacy portfolios - We aggregate loans by originating line of business for reserve purposes because of observable similarities in the performance experience of loans underwritten by the business units. Loans originated by the business units that existed prior to the strategic changes in 2007 are considered “legacy” loans. Loans originated by a business unit that was established in connection with or following the business transformation plan are considered “transformational” loans. Renewals or restructurings of legacy loans may continue to be evaluated as legacy loans depending on the structure or defining characteristics of the new transaction. The Company has implemented a line of business model that has reorganized the legacy business units so that after 2009, all new loan originations are considered transformational.