Burch, who was vice chairman, succeeds
"We are very pleased to have Bob in this leadership role as we continue to
grow our client relationships in the greater metropolitan
Burch co-founded and served as vice chairman of The Bank of
Burch has been a longtime resident of the
About PrivateBancorp, Inc.
PrivateBancorp, Inc., through its PrivateBank subsidiaries, provides
distinctive, highly personalized financial services to a growing array of
successful middle market privately held and public businesses, affluent
individuals, wealthy families, professionals, entrepreneurs and real estate
investors. The PrivateBank uses a banking model to develop lifetime
relationships with its clients. Through a growing team of highly qualified
managing directors, The PrivateBank delivers a sophisticated suite of tailored
credit and non-credit solutions, including lending, treasury management,
investment products, capital markets products and wealth management and trust
services, to meet its clients' commercial and personal needs. The Company,
which had assets of
Additional information can be found in the Investor Relations section of PrivateBancorp, Inc.'s website at http://www.pvtb.com.
Forward-Looking Statements: Statements contained in this news release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing in the Company's market areas, the effect of continued margin pressure on the Company's earnings, further deterioration in asset quality, insufficient liquidity/funding sources or the inability to obtain on terms acceptable to the Company the funding necessary to fund its loan growth, legislative or regulatory changes, adverse developments in the Company's loan or investment portfolios, slower than anticipated growth of the Company's business or unanticipated business declines, competition, unforeseen difficulties in integrating new hires, failure to improve operating efficiencies through expense controls, and the possible dilutive effect of potential acquisitions, expansion or future capital raises. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.
SOURCE The PrivateBank -