PrivateBancorp, Inc. was a financial services company and bank holding company that operated The PrivateBank, a relationship-focused commercial bank headquartered in Chicago, Illinois. The company provided banking and financial services to middle-market businesses, professional services firms, nonprofit organizations, entrepreneurs and high-net-worth individuals.
The PrivateBank’s offerings included commercial and real estate lending, corporate banking, treasury management, deposit accounts, personal banking and wealth management services. Its business model emphasized customized financial solutions and long-term relationships with clients rather than broad consumer-market banking.
Founded in 1989, PrivateBancorp expanded beyond its Chicago base into several U.S. markets, including locations in the Midwest, Texas and other major metropolitan areas. Canadian Imperial Bank of Commerce, commonly known as CIBC, completed its acquisition of PrivateBancorp in 2017, after which the company ceased operating as an independent publicly traded entity.
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