On October 26, 2009, PrivateBancorp, Inc. (the “Company”) announced its earnings results for the third quarter ended September 30, 2009. Attached as Exhibit 99.1 is a copy of the press release relating to the Company’s earnings results, which is incorporated herein by reference. Certain supplemental information relating to non-GAAP financial measures reported in the attached press release is included on page 10 and 14 of Exhibit 99.1.

On October 26, 2009, the Company announced that Mr. Brant Ahrens, 39, Chief Strategy and Marketing Officer and Managing Director of the Company, will also assume the title of Chief Operating Officer of the Company, effective October 26, 2009. Mr. Ahrens has served as Chief Strategy and Marketing Officer and Managing Director since 2007 when he joined the Company, overseeing the Company’s strategic development, marketing, communications and corporate contributions areas. Prior to joining the Company, Mr. Ahrens was Group Senior Vice President and head of the Financial Institutions Group at LaSalle Bank, N.A., where he spent 15 years in various capacities including risk management, strategic development and as head of International Corporate Banking.

Mr. Jay Williams, previously Chief Operating Officer of the Company, will continue in his role as Chairman of The PrivateBank, N.A., one of the Company’s banking subsidiaries, headquartered in Milwaukee, Wisconsin.

Attached as Exhibit 99.2 is a copy of the press release relating to the appointment of Mr. Ahrens as Chief Operating Officer of the Company, which is incorporated herein by reference.

ITEM 8.01   OTHER EVENTS

On October 26, 2009, the Company issued a press release announcing that it had commenced an underwritten public offering of shares of its common stock. Attached as Exhibit 99.3 is a copy of the press release, which is incorporated herein by reference.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

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