PrivateBancorp Inc (NASDAQ:PVTB)

During the Trading Day
29.40 -0.26 / -0.88%
Data as of 3:59pm ET
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29.40 0.00 / 0.00%
 
Volume: 4.9K
SECTOR
Finance
INDUSTRY
Regional Banks
MARKET CAP
$2.3B

Company Description

PrivateBancorp, Inc. is a bank holding company. It provides business and personal financial services to middle-market companies and business owners, executives, entrepreneurs and families. The bank offers commercial banking, commercial and real estate lending, treasury management, personal banking, wealth management and trust, capital market, investment and investment banking services. PrivateBancorp operates its business through three segments: Banking, Trust and Investments and Holding Company Activities. The Banking segment includes commercial and personal banking services, which includes mortgage originations. Commercial banking are primarily provides services to corporations and other business clients, which include a wide array of lending and cash management products. Personal banking provides services to individuals, professionals and entrepreneurs include direct lending and depository services. The Trust and Investments segment includes investment management, investment advisory, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The Holding Company Activities segment includes the direct and indirect ownership of banking and nonbanking subsidiaries and the issuance of debt and intersegment eliminations. The company invests primarily in residential mortgage-backed securities and collateralized mortgage obligations. PrivateBancorp was founded by Ralph B. Mandell in 1989 and is headquartered in Chicago, IL.

Contact Information

PrivateBancorp, Inc.
120 South LaSalle Street
Chicago Illinois 60603
P:(312) 564-2000
Investor Relations:
(312) 564-3894

Employees

Shareholders

Mutual fund holders47.95%
Other institutional37.79%
Individual stakeholders11.61%

Top Executives

Larry D. RichmanPresident, Chief Executive Officer & Director
Kevin M. KillipsExecutive MD, Chief Financial & Accounting Officer
Bess M. CummingsChief Information Officer
C. Brant AhrensPresident-Personal Client Services & Executive MD
Karen B. CasePresident-Commercial Real Estate Banking

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