Oct. 26, 2009 (PR Newswire) --
CHICAGO, Oct. 26 /PRNewswire-FirstCall/ -- PrivateBancorp, Inc., (Nasdaq: PVTB) today announced the opening of a new full service branch at the corporate headquarters location at 120 S. LaSalle Street in downtown Chicago.
"Adding this new branch to our corporate headquarters provides our clients more convenient access to meet their personal and business banking needs," said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. "Since moving to LaSalle Street in January, we have grown as an organization as we have grown into our new headquarters, and are enjoying our position in the heart of Chicago's financial district."
In celebration of the grand opening, The PrivateBank will be offering a special rate of 1.70 % APY* for 14 month CDs at our downtown Chicago locations at 120 S. LaSalle Street, 70 W. Madison and 149 E. Walton Place. Please visit a banker at one of these locations for more information.
About PrivateBancorp, Inc.
PrivateBancorp, Inc. is a growing diversified financial services company with 34 offices in 10 states and more than $12.1 billion in assets as of September 30, 2009. Through its subsidiaries, PrivateBancorp delivers customized business and personal financial services to middle-market commercial and commercial real estate companies, as well as business owners, executives, entrepreneurs and families. Visit us at www.theprivatebank.com.
* Annual Percentage Yield (APY) accurate as of October 26, 2009. This CD special is for consumer accounts only. Promotional APY subject to change without notice. Minimum opening deposit and minimum to earn the stated APY is $5,000. APY assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. Penalty may be imposed for early withdrawal. At maturity, automatically renews into a 12-month CD or you may choose to renew your CD for any current available rate and term.
SOURCE PrivateBancorp, Inc.
