PrivateBancorp, Inc. · Chicago, IL United States ·(NASDAQ (GS): PVTB)
Company Description
Phone: 312-683-7100
Fax: 312-683-7111
Toll Free: 800-662-7748
Rankings
- S&P 600
View PrivateBancorp, Inc. Locations On A US Map
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This link will open in a new window It's your private banker, a banker for money, and any old teller won't do. PrivateBancorp's PrivateBank subsidiaries provide commercial and private banking, real estate lending, and money management services to wealthy individuals and their families, owners of closely held businesses, and commercial real estate investors. Commercial real estate loans account for about 40% of PrivateBancorp's portfolio; business loans add another 25%. With $10 billion in assets, it has 23 offices in the Atlanta, Chicago, Cleveland, Denver, Des Moines, Detroit, Kansas City, Milwaukee, Minneapolis and St. Louis metro areas. The company is modeled after a traditional European private bank, placing emphasis on personal service. To read the full description, subscribe now.
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Key PrivateBancorp, Inc. Financials
| Company Type | Public - NASDAQ (GS): PVTB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $233.1 |
| 2008 Employees | 773 |
PrivateBancorp, Inc. Executives
221 executives listed for PrivateBancorp, Inc.'s Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman | Ralph Mandell | Network |
| President, CEO and Director; Chairman, President and CEO, PrivateBank, Chicago | Larry Richman | Network |
| Managing Director and COO; Chairman, The PrivateBank - Milwaukee | John Williams | Network |
Competition
Competitive Landscape for PrivateBancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top PrivateBancorp, Inc. Competitors
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