PrivateBancorp, Inc.
PVTB
NASDAQ60.97
USD
+0.64
- -
CIK
0000889936
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- IPO Date
- Jun 30, 1999
- CIK
- 0000889936
- Similar Companies
- Business
- PrivateBancorp, Inc. PrivateBancorp, Inc. (PVTB) is a bank holding company that, through its subsidiary The PrivateBank and Trust Company, provides customized business and personal financial services to middle-market companies, business owners, executives, entrepreneurs, and affluent families across the United States. The company offers a comprehensive range of products and services, including commercial and personal banking such as checking, savings, money market deposit accounts, certificates of deposit, and health savings accounts; commercial, real estate, and personal lending encompassing lines of credit, term loans, home equity loans, auto loans, overdraft protection, commercial real estate loans for office buildings, warehouses, retail space, multi-family properties, and construction loans; private banking, asset management, investment management, personal trust and estate administration, custodial and escrow services, retirement plans, brokerage services, treasury management, capital markets, and specialty banking for industries including healthcare, construction, engineering, asset-based lending, security, legal, insurance, and financial institutions; as well as foreign exchange trading, lockbox services, cash management, and online banking platforms. Founded in 1989 and headquartered in Chicago, Illinois, PrivateBancorp historically operated 35 to 36 offices in 12 to 13 states, primarily focused on the Midwest with expansion into other U.S. markets, targeting small to medium-sized businesses, wealthy individuals, families, and institutional investors. In June 2017, Canadian Imperial Bank of Commerce (CIBC) completed its approximately US$5 billion acquisition of PrivateBancorp in a cash-and-stock transaction valued at around $47 per share, integrating its operations as CIBC Bank USA with rebranding of branches and offices to the unified CIBC brand beginning in late 2017, thereby creating a cross-border platform for enhanced commercial banking, private wealth services, and client expansion across North America while maintaining leadership continuity under figures like former CEO Larry Richman.