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Blue Chip Growth

Stock Report: () Report Updated: Oct 21, 2017 | Print This Page

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Company Profile

PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides customized financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. It offers commercial and personal banking products and services, including checking, savings, and money market accounts; corporate deposits; interest-bearing and non-interest bearing demand deposits; and certificates of deposits. The company also provides commercial, real estate, and personal lending products and services comprising lines of credit to businesses for working capital needs, term loans, and letters of credit; loans secured by various types of collateral, such as 1-4 family non-owner occupied housing units, multi-family real estate, office buildings, warehouses, retail space, mixed use buildings, and vacant land; construction loans; and residential, home equity, and personal loans. In addition, it offers private banking, asset investment management, personal trust and estate administration, custodial and escrow, retirement account administration, and brokerage services. As of March 31, 2015, the company had 34 offices in 11 states, primarily in the Midwest. PrivateBancorp, Inc. was founded in 1989 and is headquartered in Chicago, Illinois.