| | Business Summary | | PrivateBancorp,
Inc.,
incorporated
in
1989,
is
a
bank
holding
company
with
two
bank
subsidiaries,
The
PrivateBank
and
Trust
Company
(The
PrivateBank
(Chicago)),
which
was
formed
as
a
de
novo,
or
start-up
bank,
on
February
6,
1991,
and
The
PrivateBank
(The
PrivateBank
(St.
Louis)),
which
was
formed
as
a
de
novo
federal
savings
bank
on
June
26,
2000.
The
banks
provide
private
banking,
and
trust
and
asset
management
services,
primarily
to
affluent
individuals,
professionals,
entrepreneurs
and
their
business
interests.
The
banks
focus
on
the
personal
financial
services
needs
of
their
clients,
as
well
as
the
banking
needs
of
their
clients'
various
business
and
investment
interests.
At
year-end
2000,
the
Company
had
six
offices
in
the
Chicago
metropolitan
area
and
one
location
in
the
St.
Louis
market. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PVTB
is
a
bank
holding
company
with
two
bank
subsidiaries,
The
PrivateBank
and
Trust
Company
and
The
PrivateBank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
31%
to
$32.8
million.
Net
interest
income
after
LLP
rose
22%
to
$12.1
million.
Net
income
rose
38%
to
$2.7
million.
Net
interest
income
reflects
new
loan
growth,
partially
offset
by
lower
net
interest
margin.
Net
income
reflects
gains
on
securities
and
increased
banking
services
income. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ralph Mandell, 60
Chairman,
Pres and CEO | $529K | Caren Reed, 65
Vice
Chairman | -- | Gary Svec, 34
CFO,
Sec., Treasurer | -- | Gary Collins, 42
Managing
Director of Privatebank | 173K | Hugh McLean, 41
Managing
Director of Privatebank | 227K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pvtb.gif)