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<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">As
filed with the Securities and Exchange Commission on April&nbsp;14, 2010
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration No.&nbsp;333-</TD>
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<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
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<DIV align="center" style="font-size: 18pt; margin-top: 10pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

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<DIV align="center" style="font-size: 24pt; margin-top: 10pt"><B>PRIVATEBANCORP, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


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    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>36-3681151</B></TD>
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    <TD align="center" valign="top">(State or Other Jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
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    <TD align="center" valign="top">of Incorporation or Organization)</TD>
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</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>120 S. LaSalle Street, Suite&nbsp;400<BR>
Chicago, Illinois 60603</B></DIV>

<DIV align="center" style="font-size: 10pt">(Address, including zip code of registrant&#146;s principal executive office)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><DIV align="center"><DIV style="font-size: 1pt; margin-top: 10pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PRIVATEBANCORP, INC.<BR>
SAVINGS, RETIREMENT &#038; EMPLOYEE STOCK OWNERSHIP PLAN<BR>
(formerly known as the<BR>
PrivateBank and Trust Company Savings and Retirement Plan)</B><BR>
(Full title of the plans)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Jennifer R. Evans, Esq.<BR>
General Counsel<BR>
PrivateBancorp, Inc.<BR>
120 S. LaSalle Street, Suite&nbsp;400<BR>
Chicago, Illinois 60603<BR>
(312)&nbsp;564-2000</B><BR>
(Name, address and telephone number, including area code, of agent for service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Copies to:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Jennifer Durham King, Esq.<BR>
Vedder Price P.C.<BR>
222 North LaSalle Street<BR>
Chicago, Illinois 60601<BR>
(312)&nbsp;609-7500</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
(Check one):
</DIV>
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    <TD align="center" valign="top"><FONT style="white-space: nowrap">Large accelerated filer <FONT face="Wingdings">&#254;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Accelerated filer <FONT face="Wingdings">&#111;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Non-accelerated filer <FONT face="Wingdings">&#111;</FONT></FONT>
<FONT style="white-space: nowrap">(Do not check if a smaller reporting company)</FONT>
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    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Smaller reporting company <FONT face="Wingdings">&#111;</FONT></FONT></TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

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    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
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    <TD nowrap align="left"><B>Title of Securities to be Registered</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Registered</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
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    <TD nowrap align="center" colspan="3"><B>Share</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price</B><SUP style="font-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
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    <TD nowrap align="center" colspan="3"><B>Registration Fee</B></TD>
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    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, no par value</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
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    <TD align="right" style="border-top: 1px solid #000000">500,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">14.37</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">7,185,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">513</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
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    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The number of shares of Common Stock being registered consists of the aggregate number of
additional shares not previously registered that may be issued under the PrivateBancorp, Inc.
Savings, Retirement &#038; Employee Stock Ownership Plan (formerly known as the PrivateBank and
Trust Company Savings and Retirement Plan) (the &#147;Plan&#148;), together with an indeterminate number
of additional shares that may be necessary to adjust the number of shares offered pursuant to
the Plan as a result of a stock split, stock dividend or similar adjustment of the outstanding
Common Stock pursuant to Rule&nbsp;416(a). In addition, pursuant to Rule&nbsp;416(c), this registration
statement also covers an indeterminate amount of interests to be offered or sold pursuant to
the Plan described herein.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule
457(h)(1) based on the average high and low sales prices for the Common Stock reported on the
NASDAQ Global Select Market on April&nbsp;13, 2010 ($14.37).</TD>
</TR>

</TABLE>


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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This Registration Statement relates to the registration of an additional 500,000 shares of
Common Stock, no par value per share, of PrivateBancorp, Inc. (the &#147;Registrant&#148;) reserved for
issuance under the PrivateBancorp, Inc. Savings, Retirement &#038; Employee Stock Ownership Plan
(formerly known as the PrivateBank and Trust Company Savings and Retirement Plan) (the &#147;Plan&#148;).
Pursuant to the Registration Statement on Form S-8 (File No.&nbsp;333-43830) filed by the Registrant on
August&nbsp;15, 2000, the Registrant previously registered an aggregate 975,000 shares of Common Stock
(as adjusted to reflect stock splits and stock dividends to date) of which 300,000 shares related
to issuances under the Plan. Additionally, on March&nbsp;17, 2006, the Registrant filed a Registration
Statement on Form S-8 (File No.&nbsp;333-132509) registering an additional 100,000 shares of Common
Stock reserved for issuance under the Plan. Such shares together with the shares being registered
hereby represent the total number of shares available for issuance under the Plan. The contents of
the Registration Statements on Form S-8 (File Nos. 333-43830 and 333-132509) are hereby
incorporated herein by reference pursuant to General Instruction E of Form S-8.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PART I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The documents containing the information specified in this Part&nbsp;I have been or will be sent or
given to those persons who participate in the Plan. Such documents are not required to be filed
with the Commission as a part of this Registration Statement or as an exhibit.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following documents filed with the Commission by the Registrant, a Delaware corporation,
are incorporated in this Registration Statement by reference:
</DIV>

<DIV style="margin-top: 10pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2009;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proxy Statement for Registrant&#146;s annual meeting of shareholders,
filed with the Commission on April&nbsp;14, 2010;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Current Reports on Form 8-K filed on January&nbsp;25, 2010 (solely with respect
to information under Item 5.01), February&nbsp;2, 2010 and March&nbsp;2, 2010; and</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of Registrant&#146;s Common Stock contained in the Registration
Statement on Form 8-A, as amended, dated April&nbsp;27, 1999 (File No.&nbsp;000-25887).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">All documents subsequently filed by Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934, as amended, prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold are incorporated by reference in this Registration Statement
and are a part hereof from the date of filing of such documents. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in any other
subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

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<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Section&nbsp;145 of the Delaware General Corporation Law grants each corporation organized
thereunder the powers to indemnify any individual made party or threatened to be made party to any
threatened, pending or completed action, suit or proceeding because the individual is or was a
director, officer, employee or agent of the corporation, against actual and reasonable expenses
(including attorneys&#146; fees), judgments, fines and amounts paid in settlement incurred with respect
to an action, suit or proceeding if the individual acted in good faith, and the individual
reasonably believed: (a)&nbsp;that the individual&#146;s conduct was in the corporation&#146;s best interests; (b)
that the individual&#146;s conduct was at least not opposed to the corporation&#146;s best interests; and (c)
in the case of any criminal proceeding, that the individual had no reasonable cause to believe the
individual&#146;s conduct was unlawful. However, there will be limited or no indemnification for
directors, officers, employees or agents adjudged to be liable to the corporation where such
individuals are parties to any action by or in the right of the corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Article&nbsp;Ninth of the Amended and Restated Certificate of Incorporation, as amended, of
PrivateBancorp, Inc. (the &#147;Registrant&#148;) provides as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>NINTH</U>: The Corporation shall indemnify, to the full extent that it shall have power
under applicable law to do so and in a manner permitted by such law, any person made or threatened
to be made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative, by reason of the fact that he is or was a
director or officer of the Corporation against liabilities and expenses reasonably incurred or paid
by such person in connection with such action, suit or proceeding. The Corporation may indemnify,
to the full extent that it shall have power under applicable law to do so and in a manner permitted
by such law, any person made or threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by
reason of the fact that he is or was an employee or agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise against liabilities and expenses reasonably
incurred or paid by such person in connection with such action, suit or proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The words &#147;liabilities&#148; and &#147;expenses&#148; shall include, without limitation: liabilities, losses,
damages, judgments, fines, penalties, amounts paid in settlement, expenses, attorneys&#146; fees and
costs. The indemnification provided by this Article&nbsp;NINTH shall not be deemed exclusive of any
other rights to which any person indemnified may be entitled under any statute, by-law, agreement,
vote of stockholders or disinterested directors or otherwise, both as to action in his official
capacity and as to action in another capacity while holding such office, and shall continue as to a
person who has ceased to be such director, officer, employee or agent and shall inure to the
benefit of the heirs, executors and administrators of such person.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
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<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Corporation may purchase and maintain insurance on behalf of any person referred to in the
preceding paragraph against any liability asserted against him and incurred by him in any such
capacity, or arising out of his status as such, whether or not the Corporation would have the power
to indemnify him against such liability under the provisions of this Article&nbsp;NINTH or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For purposes of this Article&nbsp;NINTH, references to &#147;the Corporation&#148; shall include, in addition
to the resulting corporation, any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, and employees or agents,
so that any person who is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, shall stand in the same position under the provisions of this Article with respect to
the resulting or surviving corporation as he would have with respect to such constituent
corporation if its separate existence had continued.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The provisions of this Article&nbsp;NINTH shall be deemed to be a contract between the Corporation
and each director or officer who serves in any such capacity at any time while this Article and the
relevant provisions of the General Corporation Law of the State of Delaware or other applicable
law, if any, are in effect, and any repeal or modification of any such law or of this Article shall
not affect any rights or obligations then existing with respect to any state of facts then or
theretofore existing or any action, suit or proceeding theretofore or thereafter brought or
threatened based in whole or in part upon any such state of facts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For purposes of this Article, references to &#147;other enterprises&#148; shall include employee benefit
plans; references to &#147;fines&#148; shall include any excise taxes assessed on a person with respect to
any employee benefit plan; and references to &#147;serving at the request of the Corporation&#148; shall
include any service as a director, officer, employee or agent of the Corporation which imposes
duties on, or involves services by, such director, officer, employee or agent with respect to an
employee benefit plan, its participants, or beneficiaries; and a person who acted in good faith and
in a manner he reasonably believed to be in the interest of the participants and beneficiaries of
an employee benefit plan shall be deemed to have acted in a manner not opposed to the best
interests of the Corporation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Article&nbsp;XI of the Amended and Restated By-laws of the Registrant provides as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.1</U> <U><I>Third-Party Actions</I></U>. The Corporation shall indemnify any person
who was or is a party or is threatened to be made a party to any threatened, pending, or completed
action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including
all appeals (other than an action by or in the right of the Corporation) by reason of the fact that
the person is or was a director, officer, employee, or agent of the Corporation, or is or was
serving at the request of the Corporation as a director, trustee, officer, employee, or agent of
another corporation, partnership, joint venture, trust, or other enterprise, against expenses,
including attorneys&#146; fees, judgments, fines, and amounts paid in settlement actually and reasonably
incurred by him or her in connection with the action, suit, or proceeding; if the person acted in
good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit,
or proceeding by judgment, order, settlement, conviction, or on a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the person did not act in good faith
and in a manner that he or she reasonably believed to be in or not opposed to the best interests of
the Corporation and, with respect to any criminal action or proceeding, had reasonable cause to
believe that his or her conduct was unlawful.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.2</U> <U><I>Derivative Actions</I></U>. The Corporation shall indemnify any person
who was or is a party or is threatened to be made a party to any threatened, pending, or completed
action or suit, including all appeals, by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that the person is or was a director, officer, employee, or
agent of the Corporation, or is or was serving at the request of the Corporation as a director,
trustee, officer, employee, or agent of another corporation, partnership, joint venture, trust, or
other enterprise, against expenses, including attorneys&#146; fees, actually and reasonably incurred by
the person in connection with the defense or settlement of the action or suit, if he or she acted
in good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation. However, no indemnification shall be made in respect of any claim,
issue, or matter as to which the person is adjudged to be liable for negligence or misconduct in
the performance of his or her duty to the Corporation unless and only to the extent that the court
of common pleas or the court in which the action or suit was brought determines on application
that, despite the adjudication of liability but in view of all the circumstances of the case, the
person is fairly and reasonably entitled to indemnity for expenses that the court of common pleas
or other court shall deem proper.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.3</U> <U><I>Rights After Successful Defense</I></U>. To the extent that a director,
trustee, officer, employee, or agent has been successful on the merits or otherwise in defense of
any action, suit, or proceeding referred to in Section&nbsp;11.1 or 11.2, above, or in defense of any
claim, issue, or matter in that action, suit, or proceeding, he or she shall be indemnified against
expenses, including attorneys&#146; fees, actually and reasonably incurred by him or her in connection
with the action, suit, or proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.4</U> <U><I>Other Determination of Rights</I></U>. Unless ordered by a court, any
indemnification made under Section&nbsp;11.1 or 11.2, above, shall be made by the Corporation only as
authorized in the specific case on a determination that indemnification of the director, trustee,
officer, employee, or agent is proper in the circumstances because he or she has met the applicable
standard of conduct set forth in Section&nbsp;11.1 or 11.2, above. The determination shall be made (a)
by a majority vote of a quorum consisting of directors who were not and are not parties to or
threatened with the action, suit, or proceeding; (b)&nbsp;if the described quorum is not obtainable or
if a majority vote of a quorum of disinterested directors so directs, by independent legal counsel
in a written opinion; (c)&nbsp;by the stockholders; or (d)&nbsp;by the court in which the action, suit, or
proceeding was brought.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.5</U> <U><I>Advances of Expenses</I></U>. Expenses of each person seeking
indemnification under Section&nbsp;11.1 or 11.2, above, may be paid by the Corporation as they are
incurred, in advance of the final disposition of the action, suit, or proceeding, as authorized by
the Board of Directors in the specific case, on receipt of an undertaking by or on behalf of the
director, trustee, officer, employee, or agent to repay the amount if it is ultimately determined
that he or she is not entitled to be indemnified by the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><U>Section&nbsp;11.6</U> <U><I>Nonexclusiveness; Heirs</I></U>. The indemnification provided by this
Article shall not be deemed exclusive of, and shall be in addition to, any other rights to which
those seeking indemnification may be entitled as a matter of law or under the Certificate of
Incorporation, these By-Laws, any agreement, vote of stockholders, any insurance purchased by the
Corporation, or otherwise, both as to action in his or her official capacity and as to action in
another capacity while holding that office, and shall continue as to a person who has ceased to be
a director, trustee, officer, employee, or agent and shall inure to the benefit of the heirs,
executors, and administrators of that person.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Registrant has entered into indemnification agreements with its directors and certain
executive officers to indemnify them against certain liabilities. Consistent with the provisions of
the Registrant&#146;s Amended and Restated Certificate of Incorporation and Amended and Restated
By-laws, under the terms of the agreements, the Registrant will indemnify its directors and
executive officers to the
fullest extent permitted under applicable law against all expenses, liabilities and losses
incurred in connection with any legal proceeding brought against any of them by reason of their
status as directors, officers, employees, agents or fiduciaries of the Registrant. The expenses,
liabilities and losses which the Registrant is obligated to pay may include judgments, fines and
amounts paid in settlement of such legal proceedings by its directors and executive officers so
long as they acted in good faith and in a manner which they reasonably believed was in the best
interests of the Registrant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Registrant has purchased $85&nbsp;million of insurance policies which insure its directors and
officers against liability which they may incur as a result of actions taken in such capacities. In
addition, the Registrant maintains trust errors and omissions coverage up to a limit of $40
million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Under the Amended and Restated Trust Agreement of PrivateBancorp Capital Trust IV, the
Registrant will agree to indemnify each of the trustees of the trust and any predecessor trustees,
and to hold such trustees harmless, against any loss, damage, claims, liability or expense incurred
without negligence or bad faith on their part, arising out of or in connection with the acceptance
of administration of such trust agreement, including the costs and expenses of defense against any
claim or liability in connection with the exercise or performance of any of their powers or duties
under any applicable trust agreement or amended and restated trust agreement, forms of which are
filed as exhibits to this registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated Certificate of Incorporation of PrivateBancorp, Inc., dated
June&nbsp;24, 1999, as amended, is incorporated herein by reference to Exhibit&nbsp;3.1 to
the Quarterly Report on Form&nbsp;10-Q (File No.&nbsp;000-25887) filed on May&nbsp;14, 2003.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Amendment to the Amended and Restated Certificate of Incorporation
of PrivateBancorp, Inc., as amended, dated June&nbsp;17, 2009, is incorporated herein
by reference to Exhibit&nbsp;3.1 to the Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066)
filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Amendment to the Amended and Restated Certificate of Incorporation
of PrivateBancorp, Inc., as amended, dated June&nbsp;17, 2009, amending and restating
the Certificate of Designations of the Series&nbsp;A Junior Non-Voting Preferred Stock
of PrivateBancorp, Inc., is incorporated herein by reference to Exhibit&nbsp;3.2 to the
Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Designations of Fixed Rate Cumulative Perpetual Preferred Stock,
Series&nbsp;B, dated January&nbsp;28, 2009 is incorporated herein by reference to Exhibit
3.1 to the Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on February&nbsp;3,
2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated By-laws of PrivateBancorp, Inc., dated February&nbsp;25, 2010, are
incorporated herein by reference to Exhibit&nbsp;3.5 to the Annual Report on Form&nbsp;10-K
(File No.&nbsp;001-34066) filed on March&nbsp;1, 2010.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certain instruments defining the rights of the holders of long-term debt of
PrivateBancorp, Inc. and certain of its subsidiaries, none of which authorize a
total amount of indebtedness in excess of 10% of the total assets of
PrivateBancorp, Inc. and its subsidiaries on a consolidated basis, have not been
filed as exhibits. PrivateBancorp, Inc. hereby agrees to furnish a copy of any of
these agreements to the Securities and Exchange Commission upon request.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Preemptive and Registration Rights Agreement dated as of November&nbsp;26, 2007
is incorporated herein by reference to Exhibit&nbsp;10.2 to the Current Report on Form
8-K (File No.&nbsp;001-34066) filed on November&nbsp;27, 2007.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment No.&nbsp;1 to Preemptive and Registration Rights Agreement dated as of June
17, 2009 by and among PrivateBancorp, Inc., GTCR Fund IX/A, L.P., GTCR Fund IX/B,
L.P., and GTCR Co-Invest III, L.P., is incorporated herein by reference to Exhibit
4.1 to the Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Warrant dated January&nbsp;30, 2009, as amended, issued by PrivateBancorp, Inc. to the
United States Department of the Treasury to purchase shares of common stock of
PrivateBancorp, Inc. is herein incorporated by reference to Exhibit&nbsp;4.2 to the
Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on February&nbsp;3, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of the General Counsel of PrivateBancorp, Inc.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">In lieu of filing an opinion concerning compliance with the requirements of the
Employee Retirement Income Security Act of 1974, as amended, or a determination
letter of the Internal Revenue Service (the &#147;IRS&#148;) that the Plan is qualified
under Section&nbsp;401 of the Internal Revenue Code, the Registrant has submitted the
Plan to the IRS and undertakes to submit any amendment thereto to the IRS in a
timely manner and to make all changes required by the IRS in order to qualify or
maintain the qualification of the Plan.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Ernst &#038; Young LLP.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of the General Counsel of PrivateBancorp, Inc. (included in Exhibit&nbsp;5.1).</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Powers of Attorney (included on the signature pages of the Registration Statement).</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PrivateBancorp, Inc. Savings, Retirement &#038; Employee Stock Ownership Plan</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to include any
material information with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material change to such
information in the Registration Statement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
<I>bona fide </I>offering thereof.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant&#146;s annual
report pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in the Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial <I>bona fide </I>offering thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised
that in the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against policy as
expressed in the Act and will be governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Chicago, State
of Illinois, on this 14th day
of April&nbsp;2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>PRIVATEBANCORP, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Larry D. Richman
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Larry D. Richman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We, the undersigned officers and directors of PrivateBancorp, Inc., and each of us, do hereby
constitute and appoint each and any of Larry D. Richman or Kevin M. Killips, our true and lawful
attorney and agent, with full power of substitution and resubstitution, to do any and all acts and
things in our names and behalf in any and all capacities and to execute any and all instruments for
us in our names in any and all capacities, which attorney and agent may deem necessary or advisable
to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules,
regulations, and requirements of the Securities and Exchange Commission, in connection with this
Registration Statement, including specifically, but without limitation, power and authority to sign
for us or any of us in our names in the capacities indicated below, any and all amendments
(including post-effective amendments) hereto; and we do hereby ratify and confirm all that said
attorney and agent, or his substitute, shall do or cause to be done by virtue thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ralph B. Mandell
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ralph B. Mandell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Larry D. Richman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Larry D. Richman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President and Chief<br> Executive Officer&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Kevin M. Killips
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Kevin M. Killips
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Financial Officer&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Norman R. Bobins
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Norman R. Bobins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert F. Coleman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert F. Coleman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James M. Guyette
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James M. Guyette
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Philip M. Kayman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Philip M. Kayman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Cheryl Mayberry McKissack
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Cheryl Mayberry McKissack
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James B. Nicholson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James B. Nicholson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Edward W. Rabin, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Edward W. Rabin, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Collin E. Roche
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Collin E. Roche
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William R. Ryback
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William R. Ryback
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Alejandro Silva
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Alejandro Silva
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James C. Tyree
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James C. Tyree
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">April&nbsp;14, 2010</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who
administer the Plan) have duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Chicago, state
of Illinois, on April&nbsp;14,
2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>PRIVATEBANCORP, INC. SAVINGS,
RETIREMENT &#038; EMPLOYEE STOCK
OWNERSHIP PLAN</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">By: PrivateBancorp, Inc. Savings, Retirement &#038;
Employee Stock Ownership Plan Committee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">/s/ David Hesselbein</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">David Hesselbein</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Committee Member</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibits</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated Certificate of Incorporation of PrivateBancorp,
Inc., dated June&nbsp;24, 1999, as amended, is incorporated herein by
reference to Exhibit&nbsp;3.1 to the Quarterly Report on Form&nbsp;10-Q (File No.
000-25887) filed on May&nbsp;14, 2003.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Amendment to the Amended and Restated Certificate of
Incorporation of PrivateBancorp, Inc., as amended, dated June&nbsp;17, 2009,
is incorporated herein by reference to Exhibit&nbsp;3.1 to the Current
Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Amendment to the Amended and Restated Certificate of
Incorporation of PrivateBancorp, Inc., as amended, dated June&nbsp;17, 2009,
amending and restating the Certificate of Designations of the Series&nbsp;A
Junior Non-Voting Preferred Stock of PrivateBancorp, Inc., is
incorporated herein by reference to Exhibit&nbsp;3.2 to the Current Report
on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certificate of Designations of Fixed Rate Cumulative Perpetual
Preferred Stock, Series&nbsp;B, dated January&nbsp;28, 2009 is incorporated
herein by reference to Exhibit&nbsp;3.1 to the Current Report on Form&nbsp;8-K
(File No.&nbsp;001-34066) filed on February&nbsp;3, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated By-laws of PrivateBancorp, Inc., dated February
25, 2010, are incorporated herein by reference to Exhibit&nbsp;3.5 to the
Annual Report on Form&nbsp;10-K (File No.&nbsp;001-34066) filed on March&nbsp;1, 2010.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Certain instruments defining the rights of the holders of long-term
debt of PrivateBancorp, Inc. and certain of its subsidiaries, none of
which authorize a total amount of indebtedness in excess of 10% of the
total assets of PrivateBancorp, Inc. and its subsidiaries on a
consolidated basis, have not been filed as exhibits. PrivateBancorp,
Inc. hereby agrees to furnish a copy of any of these agreements to the
Securities and Exchange Commission upon request.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Preemptive and Registration Rights Agreement dated as of
November&nbsp;26, 2007 is incorporated herein by reference to Exhibit&nbsp;10.2
to the Current Report on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on
November&nbsp;27, 2007.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment No.&nbsp;1 to Preemptive and Registration Rights Agreement dated
as of June&nbsp;17, 2009 by and among PrivateBancorp, Inc., GTCR Fund IX/A,
L.P., GTCR Fund IX/B, L.P., and GTCR Co-Invest III, L.P., is
incorporated herein by reference to Exhibit&nbsp;4.1 to the Current Report
on Form&nbsp;8-K (File No.&nbsp;001-34066) filed on June&nbsp;19, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Warrant dated January&nbsp;30, 2009, as amended, issued by PrivateBancorp,
Inc. to the United States Department of the Treasury to purchase shares
of common stock of PrivateBancorp, Inc. is herein incorporated by
reference to Exhibit&nbsp;4.2 to the Current Report on Form&nbsp;8-K (File No.
001-34066) filed on February&nbsp;3, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of the General Counsel of PrivateBancorp, Inc.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibits</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">In lieu of filing an opinion concerning compliance with the
requirements of the Employee Retirement Income Security Act of 1974, as
amended, or a determination letter of the Internal Revenue Service (the
&#147;IRS&#148;) that the Plan is qualified under Section&nbsp;401 of the Internal
Revenue Code, the Registrant has submitted the Plan to the IRS and
undertakes to submit any amendment thereto to the IRS in a timely
manner and to make all changes required by the IRS in order to qualify
or maintain the qualification of the Plan.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Ernst &#038; Young LLP.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of the General Counsel of PrivateBancorp, Inc. (included in
Exhibit&nbsp;5.1).</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Powers of Attorney (included on the signature pages of the Registration
Statement).</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PrivateBancorp, Inc. Savings, Retirement &#038; Employee Stock Ownership Plan.</DIV></TD>
</TR>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "c98791sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 90288}]
{"company-data": {"conformed-name": "PRIVATEBANCORP, INC", "cik": "0000889936", "assigned-sic": "6022", "irs-number": "363681151", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-166070", "film-number": "10750060"}, "business-address": {"street1": "120 SOUTH LASALLE STREET", "street2": "4TH FLOOR", "city": "CHICAGO", "state": "IL", "zip": "60603", "phone": "3126837100"}, "mail-address": {"street1": "120 SOUTH LASALLE STREET", "street2": "4TH FLOOR", "city": "CHICAGO", "state": "IL", "zip": "60603"}, "former-company": {"former-conformed-name": "PRIVATEBANCORP INC", "date-changed": "19990408"}}
Form S-8
As
filed with the Securities and Exchange Commission on April 14, 2010
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PRIVATEBANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware
36-3681151
(State or Other Jurisdiction
(I.R.S. Employer Identification No.)
of Incorporation or Organization)
120 S. LaSalle Street, Suite 400
Chicago, Illinois 60603
(Address, including zip code of registrant's principal executive office)
PRIVATEBANCORP, INC.
SAVINGS, RETIREMENT & EMPLOYEE STOCK OWNERSHIP PLAN
(formerly known as the
PrivateBank and Trust Company Savings and Retirement Plan)
(Full title of the plans)
Jennifer R. Evans, Esq.
General Counsel
PrivateBancorp, Inc.
120 S. LaSalle Street, Suite 400
Chicago, Illinois 60603
(312) 564-2000
(Name, address and telephone number, including area code, of agent for service)
Copies to:
Jennifer Durham King, Esq.
Vedder Price P.C.
222 North LaSalle Street
Chicago, Illinois 60601
(312) 609-7500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
þ
Accelerated filer
o
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount to be
Offering Price Per
Aggregate Offering
Amount of
Title of Securities to be Registered
Registered
(1)
Share
(2)
Price
(2)
Registration Fee
Common Stock, no par value
500,000
$
14.37
$
7,185,000
$
513
(1)
The number of shares of Common Stock being registered consists of the aggregate number of
additional shares not previously registered that may be issued under the PrivateBancorp, Inc.
Savings, Retirement & Employee Stock Ownership Plan (formerly known as the PrivateBank and
Trust Company Savings and Retirement Plan) (the "Plan"), together with an indeterminate number
of additional shares that may be necessary to adjust the number of shares offered pursuant to
the Plan as a result of a stock split, stock dividend or similar adjustment of the outstanding
Common Stock pursuant to Rule 416(a). In addition, pursuant to Rule 416(c), this registration
statement also covers an indeterminate amount of interests to be offered or sold pursuant to
the Plan described herein.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule
457(h)(1) based on the average high and low sales prices for the Common Stock reported on the
NASDAQ Global Select Market on April 13, 2010 ($14.37).
EXPLANATORY NOTE
This Registration Statement relates to the registration of an additional 500,000 shares of
Common Stock, no par value per share, of PrivateBancorp, Inc. (the "Registrant") reserved for
issuance under the PrivateBancorp, Inc. Savings, Retirement & Employee Stock Ownership Plan
(formerly known as the PrivateBank and Trust Company Savings and Retirement Plan) (the "Plan").
Pursuant to the Registration Statement on Form S-8 (File No. 333-43830) filed by the Registrant on
August 15, 2000, the Registrant previously registered an aggregate 975,000 shares of Common Stock
(as adjusted to reflect stock splits and stock dividends to date) of which 300,000 shares related
to issuances under the Plan. Additionally, on March 17, 2006, the Registrant filed a Registration
Statement on Form S-8 (File No. 333-132509) registering an additional 100,000 shares of Common
Stock reserved for issuance under the Plan. Such shares together with the shares being registered
hereby represent the total number of shares available for issuance under the Plan. The contents of
the Registration Statements on Form S-8 (File Nos. 333-43830 and 333-132509) are hereby
incorporated herein by reference pursuant to General Instruction E of Form S-8.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in this Part I have been or will be sent or
given to those persons who participate in the Plan. Such documents are not required to be filed
with the Commission as a part of this Registration Statement or as an exhibit.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Commission by the Registrant, a Delaware corporation,
are incorporated in this Registration Statement by reference:
(a)
Annual Report on Form 10-K for the fiscal year ended December 31, 2009;
(b)
Proxy Statement for Registrant's annual meeting of shareholders,
filed with the Commission on April 14, 2010;
(c)
Current Reports on Form 8-K filed on January 25, 2010 (solely with respect
to information under Item 5.01), February 2, 2010 and March 2, 2010; and
(d)
The description of Registrant's Common Stock contained in the Registration
Statement on Form 8-A, as amended, dated April 27, 1999 (File No. 000-25887).
All documents subsequently filed by Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934, as amended, prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold are incorporated by reference in this Registration Statement
and are a part hereof from the date of filing of such documents. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in any other
subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law grants each corporation organized
thereunder the powers to indemnify any individual made party or threatened to be made party to any
threatened, pending or completed action, suit or proceeding because the individual is or was a
director, officer, employee or agent of the corporation, against actual and reasonable expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement incurred with respect
to an action, suit or proceeding if the individual acted in good faith, and the individual
reasonably believed: (a) that the individual's conduct was in the corporation's best interests; (b)
that the individual's conduct was at least not opposed to the corporation's best interests; and (c)
in the case of any criminal proceeding, that the individual had no reasonable cause to believe the
individual's conduct was unlawful. However, there will be limited or no indemnification for
directors, officers, employees or agents adjudged to be liable to the corporation where such
individuals are parties to any action by or in the right of the corporation.
Article Ninth of the Amended and Restated Certificate of Incorporation, as amended, of
PrivateBancorp, Inc. (the "Registrant") provides as follows:
NINTH
: The Corporation shall indemnify, to the full extent that it shall have power
under applicable law to do so and in a manner permitted by such law, any person made or threatened
to be made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative, by reason of the fact that he is or was a
director or officer of the Corporation against liabilities and expenses reasonably incurred or paid
by such person in connection with such action, suit or proceeding. The Corporation may indemnify,
to the full extent that it shall have power under applicable law to do so and in a manner permitted
by such law, any person made or threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by
reason of the fact that he is or was an employee or agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise against liabilities and expenses reasonably
incurred or paid by such person in connection with such action, suit or proceeding.
The words "liabilities" and "expenses" shall include, without limitation: liabilities, losses,
damages, judgments, fines, penalties, amounts paid in settlement, expenses, attorneys' fees and
costs. The indemnification provided by this Article NINTH shall not be deemed exclusive of any
other rights to which any person indemnified may be entitled under any statute, by-law, agreement,
vote of stockholders or disinterested directors or otherwise, both as to action in his official
capacity and as to action in another capacity while holding such office, and shall continue as to a
person who has ceased to be such director, officer, employee or agent and shall inure to the
benefit of the heirs, executors and administrators of such person.
2
The Corporation may purchase and maintain insurance on behalf of any person referred to in the
preceding paragraph against any liability asserted against him and incurred by him in any such
capacity, or arising out of his status as such, whether or not the Corporation would have the power
to indemnify him against such liability under the provisions of this Article NINTH or otherwise.
For purposes of this Article NINTH, references to "the Corporation" shall include, in addition
to the resulting corporation, any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, and employees or agents,
so that any person who is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, shall stand in the same position under the provisions of this Article with respect to
the resulting or surviving corporation as he would have with respect to such constituent
corporation if its separate existence had continued.
The provisions of this Article NINTH shall be deemed to be a contract between the Corporation
and each director or officer who serves in any such capacity at any time while this Article and the
relevant provisions of the General Corporation Law of the State of Delaware or other applicable
law, if any, are in effect, and any repeal or modification of any such law or of this Article shall
not affect any rights or obligations then existing with respect to any state of facts then or
theretofore existing or any action, suit or proceeding theretofore or thereafter brought or
threatened based in whole or in part upon any such state of facts.
For purposes of this Article, references to "other enterprises" shall include employee benefit
plans; references to "fines" shall include any excise taxes assessed on a person with respect to
any employee benefit plan; and references to "serving at the request of the Corporation" shall
include any service as a director, officer, employee or agent of the Corporation which imposes
duties on, or involves services by, such director, officer, employee or agent with respect to an
employee benefit plan, its participants, or beneficiaries; and a person who acted in good faith and
in a manner he reasonably believed to be in the interest of the participants and beneficiaries of
an employee benefit plan shall be deemed to have acted in a manner not opposed to the best
interests of the Corporation.
Article XI of the Amended and Restated By-laws of the Registrant provides as follows:
Section 11.1
Third-Party Actions
. The Corporation shall indemnify any person
who was or is a party or is threatened to be made a party to any threatened, pending, or completed
action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including
all appeals (other than an action by or in the right of the Corporation) by reason of the fact that
the person is or was a director, officer, employee, or agent of the Corporation, or is or was
serving at the request of the Corporation as a director, trustee, officer, employee, or agent of
another corporation, partnership, joint venture, trust, or other enterprise, against expenses,
including attorneys' fees, judgments, fines, and amounts paid in settlement actually and reasonably
incurred by him or her in connection with the action, suit, or proceeding; if the person acted in
good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit,
or proceeding by judgment, order, settlement, conviction, or on a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the person did not act in good faith
and in a manner that he or she reasonably believed to be in or not opposed to the best interests of
the Corporation and, with respect to any criminal action or proceeding, had reasonable cause to
believe that his or her conduct was unlawful.
3
Section 11.2
Derivative Actions
. The Corporation shall indemnify any person
who was or is a party or is threatened to be made a party to any threatened, pending, or completed
action or suit, including all appeals, by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that the person is or was a director, officer, employee, or
agent of the Corporation, or is or was serving at the request of the Corporation as a director,
trustee, officer, employee, or agent of another corporation, partnership, joint venture, trust, or
other enterprise, against expenses, including attorneys' fees, actually and reasonably incurred by
the person in connection with the defense or settlement of the action or suit, if he or she acted
in good faith and in a manner he or she reasonably believed to be in or not opposed to the best
interests of the Corporation. However, no indemnification shall be made in respect of any claim,
issue, or matter as to which the person is adjudged to be liable for negligence or misconduct in
the performance of his or her duty to the Corporation unless and only to the extent that the court
of common pleas or the court in which the action or suit was brought determines on application
that, despite the adjudication of liability but in view of all the circumstances of the case, the
person is fairly and reasonably entitled to indemnity for expenses that the court of common pleas
or other court shall deem proper.
Section 11.3
Rights After Successful Defense
. To the extent that a director,
trustee, officer, employee, or agent has been successful on the merits or otherwise in defense of
any action, suit, or proceeding referred to in Section 11.1 or 11.2, above, or in defense of any
claim, issue, or matter in that action, suit, or proceeding, he or she shall be indemnified against
expenses, including attorneys' fees, actually and reasonably incurred by him or her in connection
with the action, suit, or proceeding.
Section 11.4
Other Determination of Rights
. Unless ordered by a court, any
indemnification made under Section 11.1 or 11.2, above, shall be made by the Corporation only as
authorized in the specific case on a determination that indemnification of the director, trustee,
officer, employee, or agent is proper in the circumstances because he or she has met the applicable
standard of conduct set forth in Section 11.1 or 11.2, above. The determination shall be made (a)
by a majority vote of a quorum consisting of directors who were not and are not parties to or
threatened with the action, suit, or proceeding; (b) if the described quorum is not obtainable or
if a majority vote of a quorum of disinterested directors so directs, by independent legal counsel
in a written opinion; (c) by the stockholders; or (d) by the court in which the action, suit, or
proceeding was brought.
Section 11.5
Advances of Expenses
. Expenses of each person seeking
indemnification under Section 11.1 or 11.2, above, may be paid by the Corporation as they are
incurred, in advance of the final disposition of the action, suit, or proceeding, as authorized by
the Board of Directors in the specific case, on receipt of an undertaking by or on behalf of the
director, trustee, officer, employee, or agent to repay the amount if it is ultimately determined
that he or she is not entitled to be indemnified by the Corporation.
Section 11.6
Nonexclusiveness; Heirs
. The indemnification provided by this
Article shall not be deemed exclusive of, and shall be in addition to, any other rights to which
those seeking indemnification may be entitled as a matter of law or under the Certificate of
Incorporation, these By-Laws, any agreement, vote of stockholders, any insurance purchased by the
Corporation, or otherwise, both as to action in his or her official capacity and as to action in
another capacity while holding that office, and shall continue as to a person who has ceased to be
a director, trustee, officer, employee, or agent and shall inure to the benefit of the heirs,
executors, and administrators of that person.
4
The Registrant has entered into indemnification agreements with its directors and certain
executive officers to indemnify them against certain liabilities. Consistent with the provisions of
the Registrant's Amended and Restated Certificate of Incorporation and Amended and Restated
By-laws, under the terms of the agreements, the Registrant will indemnify its directors and
executive officers to the
fullest extent permitted under applicable law against all expenses, liabilities and losses
incurred in connection with any legal proceeding brought against any of them by reason of their
status as directors, officers, employees, agents or fiduciaries of the Registrant. The expenses,
liabilities and losses which the Registrant is obligated to pay may include judgments, fines and
amounts paid in settlement of such legal proceedings by its directors and executive officers so
long as they acted in good faith and in a manner which they reasonably believed was in the best
interests of the Registrant.
The Registrant has purchased $85 million of insurance policies which insure its directors and
officers against liability which they may incur as a result of actions taken in such capacities. In
addition, the Registrant maintains trust errors and omissions coverage up to a limit of $40
million.
Under the Amended and Restated Trust Agreement of PrivateBancorp Capital Trust IV, the
Registrant will agree to indemnify each of the trustees of the trust and any predecessor trustees,
and to hold such trustees harmless, against any loss, damage, claims, liability or expense incurred
without negligence or bad faith on their part, arising out of or in connection with the acceptance
of administration of such trust agreement, including the costs and expenses of defense against any
claim or liability in connection with the exercise or performance of any of their powers or duties
under any applicable trust agreement or amended and restated trust agreement, forms of which are
filed as exhibits to this registration statement.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1
Amended and Restated Certificate of Incorporation of PrivateBancorp, Inc., dated
June 24, 1999, as amended, is incorporated herein by reference to Exhibit 3.1 to
the Quarterly Report on Form 10-Q (File No. 000-25887) filed on May 14, 2003.
4.2
Certificate of Amendment to the Amended and Restated Certificate of Incorporation
of PrivateBancorp, Inc., as amended, dated June 17, 2009, is incorporated herein
by reference to Exhibit 3.1 to the Current Report on Form 8-K (File No. 001-34066)
filed on June 19, 2009.
4.3
Certificate of Amendment to the Amended and Restated Certificate of Incorporation
of PrivateBancorp, Inc., as amended, dated June 17, 2009, amending and restating
the Certificate of Designations of the Series A Junior Non-Voting Preferred Stock
of PrivateBancorp, Inc., is incorporated herein by reference to Exhibit 3.2 to the
Current Report on Form 8-K (File No. 001-34066) filed on June 19, 2009.
4.4
Certificate of Designations of Fixed Rate Cumulative Perpetual Preferred Stock,
Series B, dated January 28, 2009 is incorporated herein by reference to Exhibit
3.1 to the Current Report on Form 8-K (File No. 001-34066) filed on February 3,
2009.
4.5
Amended and Restated By-laws of PrivateBancorp, Inc., dated February 25, 2010, are
incorporated herein by reference to Exhibit 3.5 to the Annual Report on Form 10-K
(File No. 001-34066) filed on March 1, 2010.
5
4.6
Certain instruments defining the rights of the holders of long-term debt of
PrivateBancorp, Inc. and certain of its subsidiaries, none of which authorize a
total amount of indebtedness in excess of 10% of the total assets of
PrivateBancorp, Inc. and its subsidiaries on a consolidated basis, have not been
filed as exhibits. PrivateBancorp, Inc. hereby agrees to furnish a copy of any of
these agreements to the Securities and Exchange Commission upon request.
4.7
Form of Preemptive and Registration Rights Agreement dated as of November 26, 2007
is incorporated herein by reference to Exhibit 10.2 to the Current Report on Form
8-K (File No. 001-34066) filed on November 27, 2007.
4.8
Amendment No. 1 to Preemptive and Registration Rights Agreement dated as of June
17, 2009 by and among PrivateBancorp, Inc., GTCR Fund IX/A, L.P., GTCR Fund IX/B,
L.P., and GTCR Co-Invest III, L.P., is incorporated herein by reference to Exhibit
4.1 to the Current Report on Form 8-K (File No. 001-34066) filed on June 19, 2009.
4.9
Warrant dated January 30, 2009, as amended, issued by PrivateBancorp, Inc. to the
United States Department of the Treasury to purchase shares of common stock of
PrivateBancorp, Inc. is herein incorporated by reference to Exhibit 4.2 to the
Current Report on Form 8-K (File No. 001-34066) filed on February 3, 2009.
5.1
Opinion of the General Counsel of PrivateBancorp, Inc.
5.2
In lieu of filing an opinion concerning compliance with the requirements of the
Employee Retirement Income Security Act of 1974, as amended, or a determination
letter of the Internal Revenue Service (the "IRS") that the Plan is qualified
under Section 401 of the Internal Revenue Code, the Registrant has submitted the
Plan to the IRS and undertakes to submit any amendment thereto to the IRS in a
timely manner and to make all changes required by the IRS in order to qualify or
maintain the qualification of the Plan.
23.1
Consent of Ernst & Young LLP.
23.2
Consent of the General Counsel of PrivateBancorp, Inc. (included in Exhibit 5.1).
24.1
Powers of Attorney (included on the signature pages of the Registration Statement).
99.1
PrivateBancorp, Inc. Savings, Retirement & Employee Stock Ownership Plan
Item 9. Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to include any
material information with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material change to such
information in the Registration Statement.
(2)
That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
6
(3)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant's annual
report pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in the Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial
bona fide
offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised
that in the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against policy as
expressed in the Act and will be governed by the final adjudication of such issue.
7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Chicago, State
of Illinois, on this 14th day
of April 2010.
PRIVATEBANCORP, INC.
By:
/s/ Larry D. Richman
Larry D. Richman
President and Chief Executive Officer
We, the undersigned officers and directors of PrivateBancorp, Inc., and each of us, do hereby
constitute and appoint each and any of Larry D. Richman or Kevin M. Killips, our true and lawful
attorney and agent, with full power of substitution and resubstitution, to do any and all acts and
things in our names and behalf in any and all capacities and to execute any and all instruments for
us in our names in any and all capacities, which attorney and agent may deem necessary or advisable
to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules,
regulations, and requirements of the Securities and Exchange Commission, in connection with this
Registration Statement, including specifically, but without limitation, power and authority to sign
for us or any of us in our names in the capacities indicated below, any and all amendments
(including post-effective amendments) hereto; and we do hereby ratify and confirm all that said
attorney and agent, or his substitute, shall do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
Name
Title
Date
/s/ Ralph B. Mandell
Ralph B. Mandell
Chairman of the Board
April 14, 2010
/s/ Larry D. Richman
Larry D. Richman
President and Chief
Executive Officer
April 14, 2010
/s/ Kevin M. Killips
Kevin M. Killips
Chief Financial Officer
April 14, 2010
/s/ Norman R. Bobins
Norman R. Bobins
Director
April 14, 2010
/s/ Robert F. Coleman
Robert F. Coleman
Director
April 14, 2010
8
Name
Title
Date
/s/ James M. Guyette
James M. Guyette
Director
April 14, 2010
/s/ Philip M. Kayman
Philip M. Kayman
Director
April 14, 2010
/s/ Cheryl Mayberry McKissack
Cheryl Mayberry McKissack
Director
April 14, 2010
/s/ James B. Nicholson
James B. Nicholson
Director
April 14, 2010
/s/ Edward W. Rabin, Jr.
Edward W. Rabin, Jr.
Director
April 14, 2010
/s/ Collin E. Roche
Collin E. Roche
Director
April 14, 2010
/s/ William R. Ryback
William R. Ryback
Director
April 14, 2010
/s/ Alejandro Silva
Alejandro Silva
Director
April 14, 2010
/s/ James C. Tyree
James C. Tyree
Director
April 14, 2010
9
Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who
administer the Plan) have duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Chicago, state
of Illinois, on April 14,
2010.
PRIVATEBANCORP, INC. SAVINGS,
RETIREMENT & EMPLOYEE STOCK
OWNERSHIP PLAN
By: PrivateBancorp, Inc. Savings, Retirement &
Employee Stock Ownership Plan Committee
By:
/s/ David Hesselbein
Name:
David Hesselbein
Committee Member
10
INDEX TO EXHIBITS
Exhibit Number
Description of Exhibits
4.1
Amended and Restated Certificate of Incorporation of PrivateBancorp,
Inc., dated June 24, 1999, as amended, is incorporated herein by
reference to Exhibit 3.1 to the Quarterly Report on Form 10-Q (File No.
000-25887) filed on May 14, 2003.
4.2
Certificate of Amendment to the Amended and Restated Certificate of
Incorporation of PrivateBancorp, Inc., as amended, dated June 17, 2009,
is incorporated herein by reference to Exhibit 3.1 to the Current
Report on Form 8-K (File No. 001-34066) filed on June 19, 2009.
4.3
Certificate of Amendment to the Amended and Restated Certificate of
Incorporation of PrivateBancorp, Inc., as amended, dated June 17, 2009,
amending and restating the Certificate of Designations of the Series A
Junior Non-Voting Preferred Stock of PrivateBancorp, Inc., is
incorporated herein by reference to Exhibit 3.2 to the Current Report
on Form 8-K (File No. 001-34066) filed on June 19, 2009.
4.4
Certificate of Designations of Fixed Rate Cumulative Perpetual
Preferred Stock, Series B, dated January 28, 2009 is incorporated
herein by reference to Exhibit 3.1 to the Current Report on Form 8-K
(File No. 001-34066) filed on February 3, 2009.
4.5
Amended and Restated By-laws of PrivateBancorp, Inc., dated February
25, 2010, are incorporated herein by reference to Exhibit 3.5 to the
Annual Report on Form 10-K (File No. 001-34066) filed on March 1, 2010.
4.6
Certain instruments defining the rights of the holders of long-term
debt of PrivateBancorp, Inc. and certain of its subsidiaries, none of
which authorize a total amount of indebtedness in excess of 10% of the
total assets of PrivateBancorp, Inc. and its subsidiaries on a
consolidated basis, have not been filed as exhibits. PrivateBancorp,
Inc. hereby agrees to furnish a copy of any of these agreements to the
Securities and Exchange Commission upon request.
4.7
Form of Preemptive and Registration Rights Agreement dated as of
November 26, 2007 is incorporated herein by reference to Exhibit 10.2
to the Current Report on Form 8-K (File No. 001-34066) filed on
November 27, 2007.
4.8
Amendment No. 1 to Preemptive and Registration Rights Agreement dated
as of June 17, 2009 by and among PrivateBancorp, Inc., GTCR Fund IX/A,
L.P., GTCR Fund IX/B, L.P., and GTCR Co-Invest III, L.P., is
incorporated herein by reference to Exhibit 4.1 to the Current Report
on Form 8-K (File No. 001-34066) filed on June 19, 2009.
4.9
Warrant dated January 30, 2009, as amended, issued by PrivateBancorp,
Inc. to the United States Department of the Treasury to purchase shares
of common stock of PrivateBancorp, Inc. is herein incorporated by
reference to Exhibit 4.2 to the Current Report on Form 8-K (File No.
001-34066) filed on February 3, 2009.
5.1
Opinion of the General Counsel of PrivateBancorp, Inc.
Exhibit Number
Description of Exhibits
5.2
In lieu of filing an opinion concerning compliance with the
requirements of the Employee Retirement Income Security Act of 1974, as
amended, or a determination letter of the Internal Revenue Service (the
"IRS") that the Plan is qualified under Section 401 of the Internal
Revenue Code, the Registrant has submitted the Plan to the IRS and
undertakes to submit any amendment thereto to the IRS in a timely
manner and to make all changes required by the IRS in order to qualify
or maintain the qualification of the Plan.
23.1
Consent of Ernst & Young LLP.
23.2
Consent of the General Counsel of PrivateBancorp, Inc. (included in
Exhibit 5.1).
24.1
Powers of Attorney (included on the signature pages of the Registration
Statement).
99.1
PrivateBancorp, Inc. Savings, Retirement & Employee Stock Ownership Plan.