UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): OCTOBER 16, 2002

                              PRIVATEBANCORP, INC.
             (Exact Name of Registrant as Specified in its Charter)

                          ____________________________


                                                                              
                 DELAWARE                             000-25887                         36-3681151
       (State or other jurisdiction              (Commission file number)            (I.R.S. employer
            of incorporation)                                                       identification no.)

            TEN NORTH DEARBORN                                                            60602
            CHICAGO, ILLINOIS                                                           (Zip Code)
 (Address of principal executive offices)


       Registrant's telephone number, including area code: (312) 683-7100

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)





ITEM 9.  REGULATION FD DISCLOSURE.
         ------------------------

         On October 16, 2002, PrivateBancorp, Inc. (the "Company") announced
that it will webcast live its quarterly conference call with financial analysts
regarding its earnings results for the quarter ended September 30, 2002. The
call will be held on October 21, 2002 at 2:00 p.m. Eastern time. Access to the
call will be via a link called "Third Quarter 2002 Earnings Call" on the
investor relations page of the Company's Internet website at www.privatebk.com.
Attached as Exhibit 99.1 is a copy of the press release relating to the
conference call, which is incorporated herein by reference.

         Note: the information in this report (including the exhibits) is
furnished pursuant to Item 9 and shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section. This report will not be deemed a
determination or an admission as to the materiality of any information in the
report that is required to be disclosed solely by Regulation FD.


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                                   SIGNATURES
                                   ----------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       PRIVATEBANCORP, INC.


Date:  October 17, 2002                By:  /s/ Ralph B. Mandell
                                            ------------------------------------
                                            Ralph B. Mandell
                                            Chairman of the Board and Chief
                                              Executive Officer


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                               INDEX TO EXHIBITS
                               -----------------

Exhibit
- -------

99.1     Press Release dated October 16, 2002.


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