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PrivateBancorp, Inc. (ticker: PVTB, exchange: NASDAQ Global Market (.O)) News Release - 9-Sep-2002

Kathleen Jackson Joins The PrivateBank and Trust Company as Managing Director

CHICAGO, Sep 9, 2002 /PRNewswire-FirstCall via COMTEX/ -- Kathleen M. Jackson, has joined The PrivateBank and Trust Company, Chicago, a unit of PrivateBancorp, Inc. (Nasdaq: PVTB) as director of wealth management, managing director and senior trust officer. Ms. Jackson had been senior vice president and director of personal trust and investment services, The Chicago Trust Company.

"Kathleen's proven leadership skills, deep understanding of the business and insights on successful client relationships will enhance our wealth management and trust areas. She will play an important role in our future growth and we are delighted Kathleen has joined our team," said Ralph B. Mandell, Chairman, President & CEO, PrivateBancorp, Inc.

Ms. Jackson, who started her career as an elementary school teacher in Portland, Oregon, entered the business world in 1978 as an agent with Aetna Life and Casualty. She left Aetna in the mid-1980's to work in a variety of entrepreneurial endeavors advising financial services companies on marketing and sales strategies. In 1993, she joined Experian, a lending provider of direct marketing resources, as director of marketing. Two years later she joined Bank One Investment Management Company, Chicago (formerly First Chicago NBD Investment Management Company) as national sales manager. She was promoted to senior managing director of product management in 1998. A year later, she joined The Chicago Trust Company, then a wholly owned subsidiary of Alleghany Asset Management as senior vice president responsible for P & L, strategy and overall leadership of the $2 billion personal trust and investment services business.

Ms. Jackson received her Bachelor of Science degree from Portland State University and her MBA from the Harvard Business School.

Active in civic and charitable affairs, she serves as vice president and a member of the Harvard Business School Alumni Association board of directors, is a past president and current board member of the Harvard Business School Club of Chicago and is a member of the Dean's Advisory Committee, Benedictine University.

    Ms. Jackson is married, has two children and resides in Naperville, IL.

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SOURCE The PrivateBank and Trust Company

CONTACT:          Ralph B. Mandell for The PrivateBank and Trust Company,
                  +1-312-683-7100
                  (PVTB)

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