PrivateBancorp, Inc. (PVTB) CEO to Ring the NASDAQ Stock Market Opening Bell

ADVISORY, Nov. 17, 2006 (PRIMEZONE) --

What: Ralph Mandell, CEO of PrivateBancorp, Inc. (PVTB) will preside over the opening bell in conjunction with its investor day conference. 81% of all publicly traded banks on the U.S. equity markets are on NASDAQ Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Monday November 20th, 2006 at 9:30 a.m. ET Contacts: George Morvis Media Relations 630-734-8116 Ext. 228 george@financialshares.com Katie Manzel Investor Relations 312-683-0207 kmanzel@pvtb.com Dennis Klaeser Chief Financial Officer 312-683-7100 dklaeser@pvtb.com NASDAQ MarketSite: Silvia Davi; 646.441.5014

Feed Information:

The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Silvia Davi at (646) 441-5014.

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.

About PrivateBancorp, Inc. (PVTB):

PrivateBancorp, Inc. was organized in 1989 to provide distinctive, highly personalized premium financial services primarily to privately held businesses, affluent individuals, wealthy families, professionals, entrepreneurs and real estate investors for their personal and professional interests. The Company uses a European tradition of "private banking" as a model to develop lifetime relationships with its clients. Utilizing a team of highly qualified managing directors, PrivateBank tailors products and services to meet each client's needs in personal and commercial banking services and wealth management services. The Company, which had assets of $3.9 billion as of September 30, 2006, has 14 offices located in the Chicago, Detroit, Milwaukee, and St. Louis metropolitan areas. The Company recently announced it would enter the Atlanta, GA and Kansas City, MO markets.

Additional information can be found in the Investor Relations section of PrivateBancorp, Inc.'s website http://www.pvtb.com

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