For further information:

Dennis Klaeser, CFO

PrivateBancorp, Inc.

312-683-7100

For Immediate Release

PrivateBancorp Reports Fourth Quarter Earnings and Substantial Growth

Resulting from Implementation of its Strategic Growth Plan

Chicago, IL, January 28, 2008 -- PrivateBancorp, Inc. (NASDAQ: PVTB) today reported a net loss for the fourth quarter 2007 of $15.1 million, or $0.68 per diluted share, compared to net income of $9.1 million, or $0.42 per diluted share, for the fourth quarter 2006. The net loss for the quarter was substantially due to costs associated with the implementation of the Company’s previously announced Strategic Growth Plan.  As planned, the Company incurred substantial costs related to the recruitment of a significant number of experienced middle-market commercial bankers.  Reflecting early success with its Strategic Growth Plan, the Company achieved record loan growth of 12 percent during the quarter.  The Company considerably increased its provision for loan losses to reflect this growth and to account for credit quality deterioration in the existing loan portfolio.  Net income for the year ended December 31, 2007 was $11.8 million, or $0.53 per diluted share, compared to $37.8 million, or $1.76 per diluted share for the prior year period, a decrease of 69 percent.

“As anticipated, reported quarterly financial results were down considerably as we aggressively implemented our Strategic Growth Plan.  We announced the Plan in early November 2007, which sets forth our goal of recruiting experienced middle-market commercial bankers in order to substantially expand our client base and achieve significant balance sheet growth,” commented Ralph B. Mandell, Chairman of PrivateBancorp, Inc., “We have made significant progress towards implementing this Plan, including the hiring of Larry Richman as our new President and CEO as well as a substantial number of senior commercial bankers and other new employees.  In fact, we increased the number of Managing Directors at the Company by 33 percent in the fourth quarter alone.  The 12 percent loan growth experienced in the fourth quarter further validates the market opportunity,” continued Mr. Mandell.

The Company hired a net total of 56 new Managing Directors during the fourth quarter 2007, and an additional 15 Managing Directors were hired during the first half of January 2008. While the majority of these new hires are based in Chicago, the Company has added commercial bankers and other personnel in all of its offices, and has added three Managing Directors in Cleveland, Ohio, as a result of the establishment of a new business development office in that market during the fourth quarter. At the end of 2007, the total number of Managing Directors was 224, compared to 148 at the end of 2006 and 168 at September 30, 2007. Full-time equivalent (FTE) employees increased 27 percent to 597 from 471 at the end of 2006. The Company expects to hire approximately 15 additional Managing Directors during the first quarter 2008, which includes starting a new business development office in Minneapolis, Minnesota, and approximately an additional 15 during the remainder of 2008. In 2009, the Company anticipates its personnel growth rate to return to historical levels.

“I’m excited about the strong and positive reaction of the marketplace to the Company’s growth initiatives,” said Larry Richman, President and CEO. “Despite a very challenging market, we’ve been growing our client base quickly, as evidenced by the $451.7 million increase in our loan portfolio during the quarter.  I’m further encouraged by the strength of our loan pipeline at the end of the quarter.    As anticipated, our core deposits have not grown as quickly, though we are optimistic that our new commercial clients will be a key funding source in quarters to come.  Each new client relationship we nurture brings new lending, deposit gathering and wealth management opportunities; we are a strong relationship bank and value-added advisor to our clients and that’s what distinguishes us from other banks,” Mr. Richman said.

During the fourth quarter 2007, the Company incurred significant costs associated with the implementation of the Plan, including $13.7 million in sign-on bonus payments to newly hired employees and $2.5 million in professional and legal fees associated with the recruitment and hiring of these employees.  The total GAAP value of the equity awards made to new and certain existing employees was in the range of $45 million at December 31, 2007.  The cost of these awards will be expensed as they are earned over the five-year period ending December 31, 2012.  Compensation costs associated with these awards totaled $2.0 million for the fourth quarter 2007.

Net interest income totaled $31.7 million in the fourth quarter 2007, compared to $29.8 million for the fourth quarter 2006, and $32.3 million for the third quarter 2007.  Net interest margin (on a tax equivalent basis) decreased to 2.96 percent for the fourth quarter 2007, compared to 3.25 percent in the fourth quarter 2006, and 3.13 percent in the third quarter 2007.  Yields on earning assets decreased by 38 basis points over the prior year quarter while the cost of funds decreased by 11 basis points.  During the fourth quarter, the Company reversed approximately $634,000 in accrued interest income due to loans which became non-performing, compared to $296,000 in the third quarter 2007.  The interest reversal during the fourth quarter accounted for 6 basis points of margin compression.

Non-performing assets to total assets were 0.96 percent at December 31, 2007, compared to 0.23 percent at December 31, 2006 and 0.80 percent at September 30, 2007. Of $48.3 million in total non-performing assets at the end of 2007, 27 percent are located in the Chicago market, 36 percent are located in the St. Louis market, 14 percent are in Michigan and 23 percent are located in Georgia. Of total non-performing assets, 34 percent are commercial real estate, 36 percent are construction, 20 percent are commercial and industrial, and the remaining 10 percent are classified as residential real estate and personal.

As a result of substantial loan growth and an increase in non-performing assets during the fourth quarter 2007, the provision for loan losses was $10.2 million, compared to $707,000 in the fourth quarter 2006 and $2.4 million in the third quarter 2007.

Net charge offs totaled $3.4 million, or 0.35 percent of average loans, in the fourth quarter 2007, versus net charge offs of $49,000, or 0.01 percent of average loans, in the prior year fourth quarter, and net charge-offs of $1.6 million, or 0.17 percent of average loans, in the third quarter 2007. Net charge offs to average loans for the year-to-date period were 0.17 percent compared to 0.03 percent in the prior year period. The allowance for loan losses as a percentage of total loans was 1.17 percent at December 31, 2007, versus 1.13 percent at September 30, 2007 and 1.09 percent at December 31, 2006.

Wealth management fee income was $4.3 million during the fourth quarter 2007, an increase of 19 percent from $3.6 million in the fourth quarter 2006, and up from $4.0 million in the third quarter 2007. Wealth management assets under management increased 16 percent to $3.4 billion at the end of 2007, from $2.9 billion at the end of 2006, and increased two percent from $3.3 billion at September 30, 2007. Fees paid to third-party investment managers were $925,000 in the fourth quarter 2007, compared to $686,000 in the prior year quarter, and $857,000 in the third quarter 2007.

Non-interest expense increased significantly to $51.8 million in the fourth quarter 2007 from $22.6 million in the fourth quarter 2006 and $23.9 million at the third quarter 2007. The increase was primarily due to increased compensation expenses, professional fees and marketing expenses related to the implementation of the Plan during the quarter. The increase in other operating expenses for the quarter was primarily driven by $1.9 million in operating expenses and disposition costs related to OREO properties.

Total assets were $5.0 billion at December 31, 2007, an increase of 18 percent from $4.3 billion at December 31, 2006.  At the end of 2007, total loans were $4.2 billion, versus $3.5 billion at December 31, 2006, an increase of 20 percent.  Total deposits were $3.8 billion at December 31, 2007, up from $3.6 billion at December 31, 2006, an increase of 6 percent.   Core deposits, defined as total deposits less brokered deposits, were $3.2 billion at quarter’s end, compared to $3.0 billion at December 31, 2006.  Brokered deposits were $542.5 million at December 31, 2007, a decrease from $589.3 million at December 31, 2006, but an 8 percent increase from $500.3 at September 30, 2007.  Funds borrowed, which include federal funds purchased, FHLB advances, borrowings under the Company’s credit facility, and convertible senior notes, increased to $560.8 million at December 31, 2007 from $281.7 million at December 31, 2006, primarily as a result of the issuance of $115.0 million of contingent convertible senior notes during the first quarter 2007.  The Company funded its considerable loan growth in the fourth quarter using funds acquired through core deposit growth, brokered deposits, proceeds from its previously announced $200.0 million equity raise, FHLB advances, and borrowings under the Company’s credit facility.   

The Company also announced that it will hold its 2008 annual meeting of stockholders on May 22, 2008 at the Standard Club in Chicago, Illinois.

PrivateBancorp, Inc., through its PrivateBank subsidiaries, provides distinctive, highly personalized, premium financial services to a growing array of successful entrepreneurial and middle market privately held and public businesses, affluent individuals, wealthy families, professionals, entrepreneurs and real estate investors. The PrivateBank uses a European tradition of “private banking” as a model to develop lifetime relationships with its clients. Through a team of highly qualified managing directors, The PrivateBank delivers a sophisticated suite of tailored credit, treasury and wealth management solutions to meet its client's personal and commercial financial needs. The Company, which had assets of $5.0 billion as of December 31, 2007, has 19 offices located in the Atlanta, Chicago, Cleveland, Detroit, Milwaukee, St. Louis, and Kansas City metropolitan areas.

Additional information can be found in the Investor Relations section of PrivateBancorp, Inc.’s website at www.pvtb.com.

Forward-Looking Statements: Statements contained in this news release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing in the Company’s market areas, the effect of continued margin pressure on the Company’s earnings, further deterioration in asset quality, insufficient liquidity/funding sources or the inability to obtain on terms acceptable to the Company the funding necessary to fund its loan growth, legislative or regulatory changes, adverse developments in the Company’s loan or investment portfolios, slower than anticipated growth of the Company’s business or unanticipated business declines, failure to get regulatory approval for a de novo federal savings bank in Kansas City or a limited purpose trust-only federal savings bank, competition, unforeseen difficulties in integrating new hires, failure to improve operating efficiencies through expense controls, and the possible dilutive effect of potential acquisitions, expansion or future capital raises. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

Editor’s Note: Financial highlights attached.

Consolidated Statements of Income

(dollars in thousands except per share data)

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2007			2006			2007		2006
Interest Income									audited
Interest and fees on loans	$	71,062		$	64,418		$	282,979	$	228,816
Interest on investment securities		6,264			5,274			23,934		27,773
Interest on short-term investments		275			320			1,011		722
Total Interest Income		77,601			70,012			307,924		257,311
Interest Expense
Interest on deposits		38,158			35,774			154,045		122,411
Interest on borrowings		6,087			2,840			19,393		11,093
Interest on long-term debt - Junior Subordinated deferrable interest Debentures held by trusts that issued guaranteed capital debt securities		1,608			1,601			6,364		6,333
Total Interest Expense		45,853			40,215			179,802		139,837
Net Interest Income		31,748			29,797			128,122		117,474
Provision for loan losses		10,171			707			16,934		6,836
Net Interest Income After Provision		21,577			29,090			111,188		110,638
Non Interest Income
Wealth management income		4,310			3,615			16,188		13,855
Mortgage banking income		828			807			4,528		3,339
Other income		1,066			1,172			5,210		6,278
Net securities gains (losses)		-			(1	)		348		(374	)
(Losses) Gains on interest rate swap		-			-			-		64
Total Non Interest Income		6,204			5,593			26,274		23,162
Non Interest Expense
Salaries and benefits		31,673			12,205			71,219		43,930
Occupancy expense		3,918			2,733			13,204		9,755
Professional fees		6,442			1,976			11,876		6,813
Wealth management fees		925			686			3,432		2,665
Marketing		2,422			1,137			6,099		4,291
Data processing		1,282			999			4,206		3,316
Amortization of intangibles		240			169			966		628
Insurance		772			337			1,937		1,319
Other operating expenses		4,136			2,321			9,470		6,349
Total Non Interest Expense		51,810			22,563			122,409		79,066
Minority interest expense		78			82			363		330
Income Before Income Taxes		(24,107	)		12,038			14,690		54,404
Income tax expense		(8,962	)		2,986			2,883		16,558
Net Income	$	(15,145	)	$	9,052		$	11,807	$	37,846
Preferred Stock Dividends		107			-			107		-
Net Income available to Common Shareholders	$	(15,252	)	$	9,052		$	11,700	$	37,846
Weighted Average Common Shares Outstanding		22,537,167			20,882,759			21,571,589		20,629,731
Diluted Average Common Shares Outstanding		22,537,167			21,637,210			22,286,125		21,493,283
Per Common Share Information
Basic	$	(0.68	)	$	0.43		$	0.54	$	1.83
Diluted	$	(0.68	)	$	0.42		$	0.53	$	1.76
Dividends	$	0.075		$	0.060		$	0.300	$	0.240

Note 1:  Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Note 2: Diluted shares are equal to Basic shares for the fourth quarter 2007 due to the net loss.  The calculation of diluted earnings per share results in anti-dilution.

Consolidated Balance Sheets

(dollars in thousands except per share data)

	12/31/07			12/31/06
	unaudited			audited
Assets
Cash and due from banks	$	51,331		$	42,428
Short-term investments		13,220			36,969
Investment securities: available-for-sale		538,730			496,782
Loans held for sale		19,358			14,515
Loans		4,189,238			3,499,988
Allowance for loan losses		(48,891	)		(38,069	)
Net loans		4,140,347			3,461,919
Premises and equipment, net		25,600			21,413
Goodwill		93,341			93,043
Other assets		139,721			97,355
Total Assets	$	5,021,648		$	4,264,424
Liabilities
Non-interest bearing deposits	$	299,043		$	300,689
Interest bearing deposits		3,462,095			3,250,324
Total deposits		3,761,138			3,551,013
Funds borrowed		560,809			281,733
Junior Subordinated deferrable interest Debentures held by trusts that issued guaranteed capital debt securities		101,033			101,033
Other liabilities		97,875			33,521
Total Liabilities		4,520,855			3,967,300
Stockholders' Equity
Preferred stock		41,000			-
Common stock and additional paid-in-capital		339,214			174,968
Treasury stock		(13,559	)		(5,254	)
Retained earnings		126,204			121,539
Accumulated other comprehensive income		7,934			5,871
Total Stockholders' Equity		500,793			297,124
Total Liabilities and Stockholders' Equity	$	5,021,648		$	4,264,424

Note 1:  Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Key Financial Data

Unaudited

(dollars in thousands except per share data)

		4Q07			3Q07			2Q07			1Q07			4Q06
Key Statistics
Net income	$	(15,145	)	$	9,165		$	8,751		$	9,036		$	9,052
Basic earnings per share	$	(0.68	)	$	0.43		$	0.41		$	0.42		$	0.43
Diluted earnings per share (1)	$	(0.68	)	$	0.42		$	0.40		$	0.41		$	0.42
Return on average total assets		-1.30	%		0.82	%		0.80	%		0.86	%		0.91	%
Return on average total equity		-16.61	%		11.80	%		11.66	%		12.37	%		13.61	%
Dividend payout ratio		-14.30	%		17.84	%		18.64	%		18.50	%		14.44	%
Fee revenue as a percent of total revenue (2)		16.35	%		16.54	%		18.01	%		16.39	%		15.81	%
Wealth management assets under management		3,361,171			3,281,576			3,119,878			2,952,227			2,902,205
Non-interest income to average assets		0.53	%		0.60	%		0.64	%		0.60	%		0.56	%
Non-interest expense to average assets		4.45	%		2.13	%		2.13	%		2.22	%		2.27	%
Net overhead ratio(3)		3.92	%		1.53	%		1.49	%		1.62	%		1.71	%
Efficiency ratio (4)		132.8	%		59.6	%		58.1	%		59.3	%		61.9	%
Net interest margin
Fed funds sold & other short-term investments		6.02	%		5.37	%		5.15	%		3.26	%		5.48	%
Investment Securities (taxable)		5.04	%		4.85	%		5.16	%		5.01	%		4.51	%
Investment Securities (non-taxable)		6.88	%		6.90	%		6.89	%		6.89	%		6.90	%
Loans, net of unearned discount		7.30	%		7.69	%		7.76	%		7.84	%		7.78	%
Yield on average earning assets		7.11	%		7.45	%		7.53	%		7.56	%		7.49	%
Interest bearing deposits		4.54	%		4.72	%		4.70	%		4.67	%		4.65	%
Funds borrowed		4.80	%		4.85	%		4.94	%		4.87	%		5.15	%
Trust preferred securities		6.23	%		6.21	%		6.20	%		6.21	%		6.21	%
Cost of average interest-bearing liabilities		4.62	%		4.78	%		4.77	%		4.73	%		4.73	%
Net interest spread (5)		2.50	%		2.68	%		2.76	%		2.84	%		2.77	%
Net interest margin (6)		2.96	%		3.13	%		3.19	%		3.26	%		3.25	%
Tax equivalent adjustment to net interest income (7)	$	1,057		$	1,072		$	1,072		$	1,073		$	1,058

(1) Diluted shares are equal to Basic shares for the fourth quarter 2007 due to the net loss. The calculation of diluted earnings per share results in anti-dilution.

(2) Represents wealth management, mortgage banking and other income as a percentage of the sum of net interest income and wealth management, mortgage banking and other income.

(3) Non-interest expense less non-interest income divided by average total assets.

(4) Non-interest expense divided by the sum of net interest income, on a tax equivalent basis, plus non-interest income.

(5) Yield on average interest-earning assets less rate on average interest-bearing liabilities.

(6) Net interest income, on a tax equivalent basis, divided by average interest-earning assets.

(7) The company adjusts GAAP reported net interest income by the tax equivalent adjustment amount to account for the tax attributes on federally tax exempt municipal securities. For GAAP purposes, tax benefits associated with federally tax exempt municipal securities are recorded as a benefit in income tax expense. The following table reconciles reported net interest income to net interest income on a tax equivalent basis for the periods presented:

	Reconciliation of net interest income to net interest income on a tax equivalent basis
		4Q07		3Q07		2Q07		1Q07		4Q06
Net interest income	$	31,748	$	32,288	$	32,111	$	31,975	$	29,797
Tax equivalent adjustment to net interest income		1,057		1,072		1,072		1,073		1,058
Net interest income, tax equivalent basis	$	32,805	$	33,360	$	33,183	$	33,048	$	30,855

Key Financial Data

Unaudited

(dollars in thousands except per share data)

		4Q07			3Q07			2Q07			1Q07			4Q06
Balance Sheet Ratios
Loans to Deposits (period end)		111.38	%		104.17	%		101.84	%		99.96	%		98.56	%
Average interest-earning assets to average interest-bearing liabilities		111.3			110.4			109.9			109.8			111.3
Per Common Share Data
Dividends	$	0.075		$	0.075		$	0.075		$	0.075		$	0.060
Book value (period end)	$	16.89		$	14.73		$	14.19		$	13.92		$	13.83
Tangible book value (period end) (1)	$	13.22		$	10.10		$	9.56		$	9.26		$	9.15
Common Share Price Data (period end)
Closing Price	$	32.65		$	34.84		$	28.80		$	36.56		$	41.63
Diluted earnings multiple (2)		(12.10	) x		20.91	x		17.95	x		21.99	x		24.98	x
Book value multiple		1.93	x		2.36	x		2.03	x		2.63	x		3.01	x
Common Stock Information
Outstanding shares at end of period		27,224,747			21,611,721			21,567,545			21,531,296			21,481,250
Number of common shares used to compute:
Basic earnings per common share		22,537,167			21,223,341			21,185,400			21,331,021			20,882,759
Diluted earnings per common share		22,537,167			21,819,333			21,810,173			22,018,295			21,637,210
Capital Ratios (period end) (3):
Total equity to total assets		9.97	%		7.08	%		6.82	%		6.90	%		6.97	%
Total risk-based capital ratio		14.09	%		10.60	%		10.63	%		10.45	%		10.36	%
Tier-1 risk-based capital ratio		11.31	%		8.07	%		8.06	%		7.93	%		8.06	%
Leverage ratio		10.93	%		7.20	%		7.08	%		6.95	%		7.51	%

(1) Tangible book value is total capital less goodwill and other intangibles divided by outstanding shares at end of period.

(2) Period end closing stock price divided by annualized quarterly earnings for the quarter then ended.

(3) Capital ratios for the most recent period presented in the press release are based on preliminary data.

(4) Diluted shares are equal to Basic shares for the fourth quarter 2007 due to the net loss. The calculation of diluted earnings per share results in anti-dilution.

Key Financial Data

Unaudited

(dollars in thousands)

		4Q07			3Q07			2Q07			1Q07			4Q06
Credit Quality Key Ratios:
Net charge-offs to average loans		0.35	%		0.17	%		0.06	%		0.07	%		0.01	%
Total non-performing loans to total loans		0.93	%		0.77	%		0.72	%		0.28	%		0.25	%
Total non-performing assets to total assets		0.96	%		0.80	%		0.70	%		0.34	%		0.23	%
Nonaccrual loans to:
total loans		0.93	%		0.69	%		0.56	%		0.13	%		0.11	%
total assets		0.78	%		0.57	%		0.46	%		0.11	%		0.09	%
Allowance for loan losses to:
total loans		1.17	%		1.13	%		1.11	%		1.09	%		1.09	%
non-performing loans		125	%		145	%		155	%		391	%		427	%
nonaccrual loans		125	%		164	%		199	%		808	%		1,010	%
Non-performing assets:
Loans delinquent over 90 days	$	53		$	3,294		$	5,844		$	5,124		$	5,137
Nonaccrual loans		38,983			25,657			20,731			4,816			3,770
OREO		9,265			7,044			4,683			4,831			1,101
Total non-performing assets	$	48,301		$	35,995		$	31,258		$	14,771		$	10,008
Net loan charge-offs (recoveries):
Loans charged off	$	3,435		$	1,648		$	647		$	586		$	86
(Recoveries)		(42	)		(82	)		(76	)		(4	)		(37	)
Net charge-offs	$	3,393		$	1,566		$	571		$	582		$	49
Provision for loan losses	$	10,171		$	2,399		$	2,958		$	1,406		$	707
Allowance for Loan Losses Summary
Balance at beginning of period	$	42,113		$	41,280		$	38,893		$	38,069		$	34,693
Provision		10,171			2,399			2,958			1,406			707
Net charge-offs		3,393			1,566			571			582			49
Addition of The PrivateBank - Georgia allowance		-			-			-			-			2,718
Balance at end of period	$	48,891		$	42,113		$	41,280		$	38,893		$	38,069
Net loan charge-offs (recoveries):
Commercial real estate	$	1,388		$	295		$	(1	)	$	236			-
Residential real estate		-			-			-			(1	)		-
Commercial		752			1,077			397			273		$	29
Personal		247			99			(1	)		3			20
Home equity		-			-			-			-			-
Construction		1,006			95			176			71			-
Total net loan charge-offs	$	3,393		$	1,566		$	571		$	582		$	49

Key Financial Data

Unaudited

(dollars in thousands)

September 30, 2007
	Non performing Loans			NPLs as % of Total Loans (1)			Other Real Estate Owned			Non performing Assets			NPAs as % of Total Assets (2)
Credit Quality
Non performing assets
Chicago	$	7,779			0.32	%	$	2,290		$	10,069			0.33	%
St. Louis (3)		8,191			2.20	%		2,356			10,547			2.37	%
Michigan		6,878			1.25	%		2,398			9,276			1.48	%
Georgia		6,103			2.36	%		-			6,103			1.81	%
Wisconsin		-			-			-			-			-
Consolidated non-performing assets	$	28,951			0.77	%	$	7,044		$	35,995			0.80	%
Non-performing assets (4):	Commercial			Commercial Real Estate			Construction			Residential Real Estate			Personal
Chicago		1	%		13	%		8	%		3	%		4	%
St. Louis (3)		3	%		12	%		10	%		3	%		-
Michigan		4	%		16	%		6	%		-			-
Georgia		-			-			17	%		-			-
Wisconsin		-			-			-			-			-
Consolidated non-performing assets		8	%		41	%		41	%		6	%		4	%
December 31, 2007
	Non performing Loans			NPLs as % of Total Loans (1)			Other Real Estate Owned			Non performing Assets			NPAs as % of Total Assets (2)
Credit Quality
Non performing assets
Chicago	$	11,012			0.39	%	$	2,122		$	13,134			0.39	%
St. Louis (3)		12,413			3.30	%		4,537			16,950			3.51	%
Michigan		5,266			0.88	%		1,466			6,732			0.98	%
Georgia		10,345			3.93	%		1,140			11,485			3.44	%
Wisconsin		-			-			-			-			-
Consolidated non-performing assets	$	39,036			0.93	%	$	9,265		$	48,301			0.96	%
Non-performing assets (4):	Commercial			Commercial Real Estate			Construction			Residential Real Estate			Personal
Chicago		1	%		16	%		3	%		3	%		4	%
St. Louis (3)		7	%		18	%		8	%		2	%		1	%
Michigan		11	%		-			3	%		-			-
Georgia		1	%		-			22	%		-			-
Wisconsin		-			-			-			-			-
Consolidated non-performing assets		20	%		34	%		36	%		5	%		5	%

Note: Non performing loans are defined as loans delinquent > 90 days and non accrual loans.  Non performing assets are non performing loans and Other Real Estate owned.

(1) Non performing loans are presented as a percentage of each entities' gross loans

(2) Non performing assets are presented as a percentage of each entities' total assets

(3) St. Louis loans and total assets includes Kansas City total loans and assets. Kansas City had no non-performing assets at 9/30/07 and 12/31/07.

(4) Non performing assets are presented here as a percentage of consolidated non performing assets

Key Financial Data

Unaudited

(dollars in thousands)

		4Q07			3Q07		2Q07			1Q07		4Q06
Summary Income Statement
Interest Income
Interest and fees on loans	$	71,062		$	72,299	$	70,732		$	68,886	$	64,418
Interest on investment securities		6,264			5,795		5,938			5,937		5,274
Interest on short-term investments		275			259		239			238		320
Total Interest Income		77,601			78,353		76,909			75,061		70,012
Interest Expense		45,853			46,065		44,798			43,086		40,215
Net Interest Income		31,748			32,288		32,111			31,975		29,797
Provision for loan losses		10,171			2,399		2,958			1,406		707
Net Interest Income after Provision for Loan Losses		21,577			29,889		29,153			30,569		29,090
Non Interest Income
Wealth management income		4,310			4,029		4,024			3,826		3,615
Mortgage banking income		828			1,157		1,229			1,314		807
Other income		1,066			1,214		1,803			1,126		1,172
Net securities gains (losses)		-			366		(97	)		79		(1	)
(Losses) on interest rate swap		-			-		-			-		-
Total Non Interest Income		6,204			6,766		6,959			6,345		5,593
Non Interest Expense
Salaries and benefits		31,673			13,083		12,734			13,729		12,205
Occupancy expense		3,918			3,336		3,160			2,790		2,733
Professional fees		6,442			2,109		1,610			1,715		1,976
Wealth management fees		925			857		868			782		686
Marketing		2,422			1,058		1,330			1,289		1,137
Data processing		1,282			1,039		984			901		999
Insurance		772			452		363			352		337
Amortization of intangibles		240			241		242			243		169
Other operating expenses		4,136			1,749		2,019			1,564		2,321
Total  Non Interest Expense		51,810			23,924		23,310			23,365		22,563
Minority interest expense		78			100		95			90		82
Income Before Income Taxes		(24,107	)		12,631		12,707			13,459		12,038
Income tax expense		(8,962	)		3,466		3,956			4,423		2,986
Net income	$	(15,145	)	$	9,165	$	8,751		$	9,036	$	9,052
Preferred Stock Dividends		107			-		-			-		-
Net Income available to Common Shareholders	$	(15,252	)	$	9,165	$	8,751		$	9,036	$	9,052

Note 1:  Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

Balance Sheets

(dollars in thousands)

	12/31/07			09/30/07			06/30/07			03/31/07			12/31/06
	unaudited			unaudited			unaudited			unaudited			audited
Assets
Cash and due from banks	$	51,331		$	52,922		$	63,074		$	73,736		$	42,428
Short-term investments		13,220			22,117			19,672			17,535			36,969
Investment securities: available-for-sale		538,730			497,948			495,854			482,024			496,782
Loans held for sale		19,358			4,262			20,905			14,928			14,515
Loans		4,189,238			3,737,523			3,705,339			3,581,398			3,499,988
Less:  Allowance for loan losses		(48,891	)		(42,113	)		(41,280	)		(38,893	)		(38,069	)
Net loans		4,140,347			3,695,410			3,664,059			3,542,505			3,461,919
Premises and equipment, net		25,600			24,844			23,415			21,674			21,413
Goodwill		93,341			93,357			93,043			93,043			93,043
Other assets		139,721			107,366			105,988			98,427			97,355
Total Assets	$	5,021,648		$	4,498,226		$	4,486,010		$	4,343,872		$	4,264,424
Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	299,043		$	285,003		$	303,455		$	312,648		$	300,689
Interest bearing demand deposits		157,761			134,428			150,324			144,812			152,323
Savings and money market deposits		1,594,172			1,577,930			1,505,303			1,485,783			1,575,080
Time deposits		1,710,162			1,590,701			1,679,463			1,639,578			1,522,921
Total deposits		3,761,138			3,588,062			3,638,545			3,582,821			3,551,013
Funds borrowed		560,809			464,021			407,696			334,128			281,733
Junior Subordinated deferrable interest Debentures held by trusts that issued guaranteed capital debt securities		101,033			101,033			101,033			101,033			101,033
Other liabilities		97,875			26,710			32,627			26,218			33,521
Total liabilities		4,520,855			4,179,826			4,179,901			4,044,200			3,967,300
Stockholders' equity		500,793			318,400			306,109			299,672			297,124
Total Liabilities and Stockholders' Equity	$	5,021,648		$	4,498,226		$	4,486,010		$	4,343,872		$	4,264,424

Average Quarterly Balance Sheets

Unaudited

(dollars in thousands)

	12/31/07			09/30/07			06/30/07			03/31/07			12/31/06
Assets
Cash and due from banks	$	53,603		$	50,613		$	68,293		$	45,656		$	48,478
Short-term investments		14,889			15,390			14,670			29,348			21,341
Investment securities: available-for-sale		519,494			487,942			485,354			490,844			464,005
Loans held for sale		6,247			10,005			12,891			10,493			10,891
Loans		3,841,122			3,704,278			3,629,839			3,528,404			3,259,404
Less:  Allowance for loan losses		(43,116	)		(41,174	)		(39,304	)		(38,157	)		(36,175	)
Net loans		3,798,006			3,663,104			3,590,535			3,490,247			3,223,229
Premises and equipment, net		26,315			24,534			23,040			21,485			20,594
Goodwill		93,346			93,057			93,044			93,043			69,344
Other assets		106,976			101,750			99,148			93,959			80,779
Total Assets	$	4,618,876		$	4,446,395		$	4,386,975		$	4,275,075		$	3,938,661
Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	302,864		$	299,201		$	302,941		$	265,914		$	273,576
Interest bearing demand deposits		139,467			137,740			147,590			139,808			119,575
Savings and money market deposits		1,561,038			1,566,711			1,482,747			1,553,254			1,445,841
Time deposits		1,627,669			1,657,904			1,638,127			1,556,657			1,490,239
Total deposits		3,631,038			3,661,556			3,571,405			3,515,633			3,329,231
Funds borrowed		492,198			343,820			382,991			333,312			209,039
Junior Subordinated deferrable interest Debentures held by trusts that issued guaranteed capital debt securities		101,033			101,033			101,033			101,033			101,033
Other liabilities		33,107			32,063			30,472			28,874			35,570
Total liabilities		4,257,376			4,138,472			4,085,901			3,978,852			3,674,873
Stockholders' equity		361,500			307,923			301,074			296,223			263,788
Total Liabilities and Stockholders' Equity	$	4,618,876		$	4,446,395		$	4,386,975		$	4,275,075		$	3,938,661

Average Year-To-Date Balance Sheets

Unaudited

(dollars in thousands)

	12/31/07			09/30/07			06/30/07			03/31/07			12/31/06
Assets
Cash and due from banks	$	73,581		$	60,250		$	62,928		$	45,656		$	28,848
Short-term investments		13,774			16,229			19,423			29,348			10,696
Investment securities: available-for-sale		495,965			488,037			488,084			490,844			557,696
Loans held for sale		10,093			10,818			11,042			10,493			7,719
Loans		3,676,558			3,621,671			3,579,872			3,528,404			2,959,125
Less:  Allowance for loan losses		(40,453	)		(39,556	)		(38,733	)		(38,157	)		(33,281	)
Net loans		3,636,105			3,582,115			3,541,139			3,490,247			2,925,844
Premises and equipment, net		24,141			23,031			22,267			21,485			18,094
Goodwill		93,123			93,048			93,044			93,043			64,730
Other assets		100,578			97,912			96,773			93,959			81,879
Total Assets	$	4,447,360		$	4,371,440		$	4,334,700		$	4,275,075		$	3,695,506
Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	312,217		$	294,980		$	290,848		$	265,914		$	252,338
Interest bearing demand deposits		141,141			141,705			143,720			139,808			123,554
Savings and money market deposits		1,541,681			1,534,094			1,517,512			1,553,254			1,319,457
Time deposits		1,620,388			1,617,933			1,597,618			1,556,657			1,387,214
Total deposits		3,615,427			3,588,712			3,549,698			3,515,633			3,082,563
Funds borrowed		383,514			349,818			355,589			333,312			230,461
Junior Subordinated deferrable interest Debentures held by trusts that issued guaranteed capital debt securities		101,033			101,033			101,033			101,033			101,033
Other liabilities		30,616			30,073			29,699			28,874			36,492
Total liabilities		4,130,590			4,069,636			4,036,019			3,978,852			3,450,549
Stockholders' equity		316,770			301,804			298,681			296,223			244,957
Total Liabilities and Stockholders' Equity	$	4,447,360		$	4,371,440		$	4,334,700		$	4,275,075		$	3,695,506