Exhibit 99.1

For further information:

Media Contact:

Amy Yuhn

312-564-1378

ayuhn@theprivatebank.com

Investor Relations Contact:

Beth Coronelli

312-564-6052

bcoronelli@theprivatebank.com

For Immediate Release

PrivateBancorp Reports First Quarter 2011 Results

Net income of $0.10 per share; Commercial middle market strategy continues to reshape business

CHICAGO, April 26, 2011 – PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income available to common shareholders of $7.5 million, or $0.10 per diluted share, for the first quarter 2011, compared to a net loss available to common shareholders of $24.3 million, or $0.35 per diluted share, for the first quarter 2010, and net income available to common shareholders of $8.5 million, or $0.12 per diluted share for the fourth quarter 2010.

“Today we reported our third-consecutive profitable quarter and our core business is performing well, with 26 percent growth in operating profit compared to a year ago,” said Larry D. Richman, President & Chief Executive Officer, PrivateBancorp, Inc. “We have increased total commercial loans by 18 percent from first quarter 2010 and decreased commercial real estate and construction loans by 15 percent as we continue to reshape our portfolio. We are making steady progress in improving our overall credit quality as demonstrated by our ongoing reduction in non-performing loans. I am pleased by our success in attracting new clients as well as expanding existing relationships, as this contributes to our improving bottom line results.”

First Quarter Results

• Net revenue increased 11 percent to $127.0 million, compared to $114.3 million for the first quarter of 2010, and decreased 7 percent from $136.1 million in the fourth quarter 2010, which included $9.3 million of securities gains.

• Operating profit increased 26 percent to $51.6 million, compared to $40.9 million for the first quarter of 2010 and was down $2.3 million from $53.9 million in fourth quarter 2010.

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• Net interest margin increased to 3.46 percent for the first quarter 2011, compared to 3.33 percent in the first and fourth quarters of 2010. Net interest income increased to $102.6 million in the first quarter.

• Non-performing assets at quarter-end were down slightly from year-end to $450.7 million. Non-performing loans decreased $8.9 million and other real estate owned (OREO) increased $5.0 million. The allowance for loan losses declined to $218.2 million at quarter-end, or 2.41 percent of total loans.

• Total loans at March 31, 2011, were $9.0 billion, up nearly 2 percent from a year ago and relatively flat compared to year-end. Commercial and industrial loans now comprise 56 percent of the loan portfolio.

• First quarter 2011 results included a $2.8 million, or $0.04 per share, positive one-time adjustment related to the revaluation of the deferred tax asset as a result of the increase in the Illinois corporate tax rate.

Operating Performance

The ongoing transformation to serve the commercial middle market has driven improved revenue and operating profit as the Company has added new clients, expanded relationships with existing clients through cross-sell and exited less profitable relationships that are no longer consistent with its strategy. The net interest margin has increased 13 basis points over the first and fourth quarters of 2010, benefiting from the effect of lower cost of funds and the changing loan mix. With a continued emphasis on building client relationships, there was steady growth in treasury management income, higher trust and investment fees and increased syndication revenues, offset by lower capital markets activity in the first quarter.

Net revenue was $127.0 million in the first quarter 2011, compared to $114.3 million in the first quarter 2010 and $136.1 million in the fourth quarter 2010. Operating profit was $51.6 million in the first quarter 2011, compared to $40.9 million in the first quarter 2010 and $53.9 million in the fourth quarter 2010. The fourth quarter 2010 results included net securities gains of $9.3 million, compared to $367,000 of net securities gains in the first quarter 2011 and $29,000 in the first quarter of 2010.

Net interest income was $102.6 million for the first quarter 2011, compared to $98.3 million for the first quarter 2010 and $100.3 million in the fourth quarter 2010. Net interest margin increased to 3.46 percent for the first quarter 2011, up from 3.33 percent in both the first quarter 2010 and the fourth quarter 2010. Excluding covered asset accretion, the net interest margin was 3.41 percent for the first quarter 2011, compared to 3.08 percent in the first quarter 2010 and 3.28 percent in the fourth quarter 2010.

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Non-interest income was $23.6 million in the first quarter 2011, compared to $15.1 million in the first quarter 2010 and $34.9 million in the fourth quarter 2010. Treasury management income was up 32 percent from the first quarter 2010 and 3 percent from the fourth quarter 2010, with increased volumes and strong demand deposit levels. Trust and investment fee income increased 5 percent from first quarter 2010 and was up 2 percent from the fourth quarter 2010, reflecting client acquisition. Capital markets revenue, including the credit valuation adjustment, was $4.5 million in the first quarter, up from $278,000 in the first quarter 2010, and down from $6.8 million in the fourth quarter 2010. Capital markets demand, which was higher in the fourth quarter 2010, fluctuates depending on clients’ interest rate outlook. Loan and credit-related fees in the first quarter increased to $5.9 million, with growth in syndication revenue.

Mortgage banking income was $1.4 million for the first quarter 2011, compared to $2.1 million for the first quarter 2010 and $3.5 million for the fourth quarter 2010. First quarter mortgage origination volumes were down from 2010 levels due to prevailing market conditions.

Expenses

Non-interest expense decreased 8 percent in first quarter 2011, as compared to fourth quarter 2010, primarily due to a lower loan and collection expense, provision for unfunded commitments, deposit insurance costs, and professional fees. Non-interest expense was $75.3 million in the first quarter 2011, compared to $73.4 million in the first quarter 2010 and $82.1 million in the fourth quarter 2010.

Income tax expense for the quarter ended March 31, 2011, includes a positive one-time adjustment of $2.8 million relating to the revaluation of the Company’s deferred tax asset. The revaluation was the result of an increase in the Illinois corporate income tax rate that became effective during the quarter.

The efficiency ratio improved to 59.3 percent in the first quarter 2011, compared to 64.2 percent in the first quarter 2010 and 60.4 percent in the fourth quarter 2010.

Credit Quality

Ongoing portfolio management and workout efforts continued to drive improvement in overall credit quality. Special mention loans were down from the fourth quarter. Non-performing assets and non-performing loans declined as non-performing loan inflows were again less than the prior quarter. Consistent with moving problem loans through the workout process, OREO and restructured loans increased in the quarter. The decline in OREO and loan sales compared to the fourth quarter reflects the timing of resolution activity.

The first quarter 2011 provision for loan losses was $36.7 million, excluding covered loan provision, compared to $72.1 million in the first quarter 2010 and $34.5 million in the fourth quarter

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2010. The allowance for loan losses as a percentage of total loans was 2.41 percent at March 31, 2011, compared to 2.66 percent at March 31, 2010, and 2.44 percent at December 31, 2010. The allowance for loan losses as a percentage of non-performing loans was 61 percent at March 31, 2011, compared to 62 percent at March 31, 2010, and 61 percent at December 31, 2010.

Net charge-offs were $41.3 million for the quarter ended March 31, 2011, compared to $56.9 million for the first quarter 2010 and $35.1 million for the fourth quarter 2010.

Non-performing assets totaled $450.7 million at March 31, 2011, compared to $442.0 million at March 31, 2010, and $454.6 million at December 31, 2010. Non-performing assets to total assets were 3.61 percent at March 31, 2011, compared to 3.46 percent at March 31, 2010, and 3.65 percent at December 31, 2010. Non-performing loans were $356.9 million at quarter-end, compared to $381.2 million at the end of first quarter 2010, and $365.9 million at year-end 2010. OREO totaled $93.8 million at March 31, 2011, compared to $60.8 million at March 31, 2010, and $88.7 million at year-end 2010.

Restructured loans accruing interest were $100.9 million at the end of first quarter 2011, compared to $3.8 million at the end of the first quarter 2010 and $87.6 million at the end of fourth quarter 2010. The Company continues to utilize loan restructuring to maximize economic recovery.

Credit quality results exclude $364.4 million in covered assets as of the end of the first quarter, referring to certain assets acquired through an FDIC-assisted transaction that are subject to a loss-sharing agreement, compared to $468.9 million in the first quarter 2010 and $397.2 million in the fourth quarter 2010.

Balance Sheet

The Company continued to reshape the portfolio as commercial and industrial loans increased 18 percent from first quarter 2010 and commercial real estate and construction balances decreased 15 percent. This trend continued in the first quarter 2011 with a $157.3 million increase from the fourth quarter in commercial and industrial loans, and a $183.7 million decrease in commercial real estate and construction loans. Commercial and industrial loans now comprise 56 percent of the total portfolio, compared to 48 percent a year ago. Total loans were relatively flat from year-end with $210.5 million in loans from new relationships offset by payoffs, paydowns, charge-offs and loan sales.

Total loans were $9.0 billion at quarter-end, compared to $8.9 billion at March 31, 2010 and $9.1 billion at December 31, 2010. Total assets were $12.5 billion at March 31, 2011, compared to $12.8 billion at March 31, 2010, and $12.5 billion at December 31, 2010.

Total deposits were $10.6 billion at March 31, 2011, compared to $10.6 billion at March 31, 2010, and $10.5 billion at December 31, 2010. Client deposits were $10.0 billion at the end of the first quarter 2011, compared to $9.9 billion at the end of first quarter 2010 and at December 31, 2010.

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Client deposits at March 31, 2011, included $2.4 billion in non-interest bearing deposits. Overall cost of funds has benefited from favorable changes in the deposit mix, improved pricing and the increase of demand deposits.

The Company’s investment securities portfolio was $1.9 billion at March 31, 2011, compared to $1.8 billion at March 31, 2010, and $1.9 billion at December 31, 2010. Net unrealized gains were $30.5 million, compared to $53.7 million at the end of the first quarter 2010 and $32.0 million at the end of the fourth quarter 2010. The securities portfolio is primarily composed of U.S. government agency backed mortgage pools, agency collateralized mortgage obligations, and investment grade municipal bonds.

Federal funds sold and other short-term investments, primarily cash on deposit with the Federal Reserve, were $621.2 million at the end of the first quarter 2011, compared to $1.1 billion at the end of first quarter 2010 and $541.3 million in the fourth quarter 2010. These levels fluctuate based on the anticipated liquidity needs of our commercial clients.

Capital

As of March 31, 2011, the Company’s total risk-based capital ratio was 14.55 percent, the Tier 1 risk-based capital ratio was 12.41 percent, and the leverage ratio was 10.91 percent. Tier 1 common capital ratio was 7.97 percent and tangible common equity ratio was 7.17 percent at the end of the first quarter 2011.

Quarterly Conference Call and Webcast Presentation

PrivateBancorp will host a conference call on Tuesday, April 26, 2011, at 10 a.m. CT. The call may be accessed by telephone at (888) 782-9127 (U.S. and Canada) or (706) 634-5643 (International) and entering passcode #54077150. A live webcast of the call can be accessed on the Company website at www.theprivatebank.com by visiting the Investor Relations tab under the About Us section. A rebroadcast will be available beginning approximately two hours after the call until midnight on April 30, 2011, by calling (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) and entering passcode #54077150.

About PrivateBancorp, Inc.

PrivateBancorp, Inc., through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. As of March 31, 2011, the Company had 34 offices in 10 states and $12.5 billion in assets. The Company website is www.theprivatebank.com.

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Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of federal securities laws. Our ability to predict results or the actual effects of future plans, strategies or events is inherently uncertain. Factors which could cause actual results to differ from those reflected in forward-looking statements include, but are not limited to: unforeseen credit quality problems or further deterioration in asset quality that could result in charge-offs greater than we have anticipated in our allowance for loan losses; adverse developments impacting one or more large credits; the extent of further deterioration in commercial real estate values in our market areas, particularly in Chicago; difficulties in resolving problem credits or slower than anticipated dispositions of OREO which may result in increased losses or significantly higher credit costs; slower than anticipated economic recovery or further deterioration in economic conditions; weakness in the commercial and industrial sector; unanticipated withdrawals of significant client deposits; lack of sufficient or cost-effective sources of liquidity or funding; the terms and availability of capital when and to the extent necessary or required to repay TARP or otherwise; loss of key personnel or an inability to recruit and retain appropriate talent; potential for significant charges if our deferred tax or goodwill assets suffer impairment; unanticipated changes in interest rates or significant tightening of credit spreads; competitive pricing pressures; uncertainty regarding implications of the Dodd-Frank Act and the rules and regulations to be adopted in connection with implementation of the legislation, including evolving regulatory capital standards; other legislative, regulatory or accounting changes affecting financial services companies and/or the products and services offered by financial services companies; uncertainties related to potential costs associated with pending litigation; or failures or disruptions to our data processing or other information or operational systems. These factors should be considered in evaluating forward-looking statements and undue reliance should not be placed on our forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

Non-GAAP Measures

This press release contains both financial measures based on accounting principles generally accepted in the United States (GAAP) and non-GAAP based financial measures. The Company believes that these non-GAAP financial measures provide information useful to investors in understanding the underlying operational performance of the Company, its business, and performance trends and facilitates comparisons with the performance of others in the banking industry. If non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconcilement to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Editor’s Note: Financial highlights attached.

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Quarterly Consolidated Income Statements   Unaudited   (Amounts in thousands except per share data)

	1Q11		4Q10		3Q10		2Q10			1Q10
Interest Income
Loans, including fees	$	105,647	$	105,375	$	105,608	$	112,839		$	111,062
Federal funds sold and other short-term investments		336		366		376		664			544
Securities:
Taxable		15,390		15,453		16,996		16,417			15,450
Exempt from Federal income taxes		1,486		1,644		1,661		1,752			1,718
Total interest income		122,859		122,838		124,641		131,672			128,774
Interest Expense
Interest-bearing demand deposits		642		702		675		805			966
Savings deposits and money market accounts		6,662		7,437		8,512		9,368			9,114
Brokered and time deposits		6,692		7,367		8,130		9,537			11,424
Short-term borrowings		827		962		1,297		1,383			1,446
Long-term debt		5,483		6,023		7,068		7,247			7,505
Total interest expense		20,306		22,491		25,682		28,340			30,455
Net interest income		102,553		100,347		98,959		103,332			98,319
Provision for loan and covered loan losses		37,578		35,166		41,435		45,392			72,548
Net interest income after provision for loan and covered loan losses		64,975		65,181		57,524		57,940			25,771
Non-interest Income
Trust and investments		4,662		4,574		4,306		4,836			4,424
Mortgage banking		1,402		3,479		2,790		1,797			2,121
Capital markets products		4,489		6,791		3,104		4,113			278
Treasury management		4,751		4,625		4,406		4,281			3,608
Loan and credit related fees		5,898		4,710		4,234		4,128			3,453
Other income, service charges, and fees		2,058		1,377		1,491		983			1,155
Net securities gains (losses)		367		9,309		3,029		(185	)		29
Total non-interest income		23,627		34,865		23,360		19,953			15,068
Non-interest Expense
Salaries and employee benefits		38,557		38,577		34,412		37,485			39,389
Net occupancy expense		7,532		7,385		7,508		7,747			7,295
Technology and related costs		2,661		2,447		2,310		2,424			3,043
Marketing		1,943		1,997		2,039		2,363			2,102
Professional services		2,334		3,020		2,708		3,000			4,203
Outsourced servicing costs		2,154		1,950		2,038		2,298			1,521
Net foreclosed property expenses		6,306		7,028		3,075		3,686			1,403
Postage, telephone, and delivery		888		1,049		779		866			965
Insurance		7,340		8,348		7,113		5,654			5,419
Loan and collection expense		2,553		4,029		3,405		4,610			2,579
Other expenses		3,081		6,318		2,690		5,869			5,452
Total non-interest expense		75,349		82,148		68,077		76,002			73,371
Income (loss) before income taxes		13,253		17,898		12,807		1,891			(32,532	)
Income tax provision (benefit)		2,279		5,919		4,786		(766	)		(11,676	)
Net income (loss)		10,974		11,979		8,021		2,657			(20,856	)
Net income (loss) attributable to noncontrolling interests		72		67		71		76			70
Net income (loss) attributable to controlling interests		10,902		11,912		7,950		2,581			(20,926	)
Preferred stock dividends and discount accretion		3,415		3,409		3,405		3,399			3,394
Net income (loss) available to common stockholders	$	7,487	$	8,503	$	4,545	$	(818	)	$	(24,320	)
Per Common Share Data
Basic	$	0.10	$	0.12	$	0.06	$	(0.01	)	$	(0.35	)
Diluted	$	0.10	$	0.12	$	0.06	$	(0.01	)	$	(0.35	)
Common dividends per share	$	0.01	$	0.01	$	0.01	$	0.01		$	0.01
Weighted-average shares outstanding		70,347		70,098		70,067		69,995			69,933
Weighted-average diluted shares outstanding		70,670		70,135		70,097		69,995			69,933

Note 1: Due to the net loss available to common stockholders reported for the first and second quarters 2010, all potentially dilutive common stock equivalents were excluded from the diluted net loss per share computation as their inclusion would have been antidilutive.

Note 2: Certain reclassifications have been made to prior period financial statements to place them on a basis comparable with the current period financial statements.

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Consolidated Balance Sheets   (Dollars in thousands)

	03/31/11			12/31/10			09/30/10			06/30/10			03/31/10
	unaudited			audited			unaudited			unaudited			unaudited
Assets
Cash and due from banks	$	181,738		$	112,772		$	144,298		$	111,997		$	107,618
Fed funds sold and other short-term investments		621,206			541,316			532,637			769,803			1,146,814
Loans held for sale		22,611			30,758			44,271			20,762			16,224
Securities available-for-sale, at fair value		1,892,304			1,881,786			2,033,527			2,029,962			1,769,138
Non-marketable equity investments		23,490			23,537			25,587			33,825			29,475
Loans - excluding covered assets, net of unearned fees		9,037,067			9,114,357			8,992,129			8,851,439			8,898,228
Allowance for loan losses		(218,237	)		(222,821	)		(223,392	)		(232,411	)		(236,851	)
Loans, net of allowance for loan losses and unearned fees		8,818,830			8,891,536			8,768,737			8,619,028			8,661,377
Covered assets		364,372			397,210			419,865			434,828			468,939
Allowance for covered loan losses		(19,738	)		(15,334	)		(12,174	)		(5,176	)		(5,176	)
Covered assets, net of allowance for covered loan losses		344,634			381,876			407,691			429,652			463,763
Other real estate owned		93,770			88,728			90,944			68,693			60,755
Premises, furniture, and equipment, net		39,019			40,975			42,347			40,599			41,350
Accrued interest receivable		33,960			33,854			34,697			35,278			34,766
Investment in bank owned life insurance		49,799			49,408			48,950			48,521			48,101
Goodwill		94,609			94,621			94,633			94,646			94,658
Other intangible assets		16,464			16,840			17,242			17,655			18,070
Derivative assets		87,273			100,250			128,891			113,493			85,152
Other assets		177,735			177,364			169,513			177,126			202,975
Total assets	$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236
Liabilities
Demand deposits:
Non-interest-bearing	$	2,438,709		$	2,253,661		$	2,173,419		$	2,090,222		$	1,886,427
Interest-bearing		540,215			616,761			614,049			738,631			714,700
Savings deposits and money market accounts		4,831,253			4,821,823			5,039,970			5,066,653			4,691,170
Brokered deposits		1,467,196			1,450,827			1,241,366			1,236,589			1,831,306
Time deposits		1,348,603			1,392,357			1,461,668			1,437,204			1,498,322
Total deposits		10,625,976			10,535,429			10,530,472			10,569,299			10,621,925
Short-term borrowings		88,468			118,561			179,651			164,069			241,293
Long-term debt		409,793			414,793			439,566			473,720			498,874
Accrued interest payable		5,529			5,968			7,603			7,727			10,357
Derivative liabilities		88,351			102,018			132,594			116,599			86,873
Other liabilities		41,193			60,942			48,940			43,534			100,687
Total liabilities		11,259,310			11,237,711			11,338,826			11,374,948			11,560,009
Equity
Preferred stock		239,270			238,903			238,542			238,185			237,833
Common stock		71,036			70,972			70,657			70,630			70,500
Treasury stock		(20,312	)		(20,054	)		(19,023	)		(19,003	)		(18,595	)
Additional paid-in capital		959,135			954,977			950,721			946,981			944,095
Accumulated deficit		(30,223	)		(36,999	)		(44,784	)		(48,638	)		(47,112	)
Accumulated other comprehensive income, net of tax		19,121			20,078			48,776			47,758			33,403
Total stockholders’ equity		1,238,027			1,227,877			1,244,889			1,235,913			1,220,124
Noncontrolling interests		105			33			250			179			103
Total equity		1,238,132			1,227,910			1,245,139			1,236,092			1,220,227
Total liabilities and equity	$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236

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Selected Financial Data   Unaudited   (Amounts in thousands except per share data)

	1Q11			4Q10			3Q10			2Q10			1Q10
Selected Statement of Income Data:
Net interest income	$	102,553		$	100,347		$	98,959		$	103,332		$	98,319
Net revenue (1) (2)	$	126,970		$	136,088		$	123,210		$	124,209		$	114,273
Operating profit (1) (2)	$	51,621		$	53,940		$	55,133		$	48,207		$	40,902
Income (loss) before taxes	$	13,253		$	17,898		$	12,807		$	1,891		$	(32,532	)
Net income (loss) available to common stockholders	$	7,487		$	8,503		$	4,545		$	(818	)	$	(24,320	)
Per Common Share Data:
Basic earnings (loss) per share	$	0.10		$	0.12		$	0.06		$	(0.01	)	$	(0.35	)
Diluted earnings (loss) per share (3)	$	0.10		$	0.12		$	0.06		$	(0.01	)	$	(0.35	)
Dividends	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Book value (period end) (1)	$	13.98		$	13.87		$	14.10		$	13.98		$	13.77
Tangible book value (period end) (1) (2)	$	12.43		$	12.30		$	12.53		$	12.40		$	12.19
Market value (close)	$	15.29		$	14.38		$	11.39		$	11.08		$	13.70
Book value multiple		1.09	x		1.04	x		0.81	x		0.79	x		0.99	x
Share Data:
Weighted average common shares outstanding		70,347			70,098			70,067			69,995			69,933
Diluted average common shares outstanding (3)		70,670			70,135			70,097			69,995			69,933
Common shares issued (at period end)		72,096			71,979			71,964			71,978			71,877
Common shares outstanding (at period end)		71,428			71,327			71,386			71,403			71,333
Performance Ratios:
Return on average assets		0.35	%		0.38	%		0.25	%		0.08	%		-0.68	%
Return on average common equity		3.03	%		3.31	%		1.77	%		-0.33	%		-9.86	%
Net interest margin - tax-equivalent (1) (2)		3.46	%		3.33	%		3.28	%		3.39	%		3.33	%
Covered asset accretion contribution to net interest margin		0.05	%		0.05	%		0.03	%		0.28	%		0.25	%
Net interest margin, excluding impact of covered asset accretion		3.41	%		3.28	%		3.25	%		3.11	%		3.08	%
Fee revenue as a percent of total revenue (1)		18.49	%		20.30	%		17.04	%		16.31	%		13.27	%
Non-interest income to average assets		0.77	%		1.11	%		0.74	%		0.63	%		0.49	%
Non-interest expense to average assets		2.44	%		2.61	%		2.16	%		2.39	%		2.39	%
Net overhead ratio (1)		1.68	%		1.50	%		1.42	%		1.76	%		1.90	%
Efficiency ratio (1) (2)		59.34	%		60.36	%		55.25	%		61.19	%		64.21	%
Selected Information:
Assets under management and administration (1)	$	4,313,843		$	4,271,602		$	4,023,821		$	3,746,934		$	3,983,066
Credit valuation adjustment (1)	$	817		$	1,826		$	(830	)	$	(1,271	)	$	(1,333	)
Balance Sheet Ratios:
Loans to Deposits (period end) (4)		85.05	%		86.51	%		85.39	%		83.75	%		83.77	%
Average interest-earning assets to average interest-bearing liabilities		134.88	%		134.76	%		133.96	%		130.58	%		129.96	%
Capital Ratios (period end):
Total risk-based (1)		14.55	%		14.18	%		14.40	%		14.83	%		14.91	%
Tier 1 risk-based (1)		12.41	%		12.06	%		12.25	%		12.43	%		12.49	%
Leverage (1)		10.91	%		10.78	%		10.71	%		10.39	%		10.57	%
Tier 1 common capital (1) (2)		7.97	%		7.69	%		7.79	%		7.86	%		7.86	%
Tangible common equity to tangible assets (1) (2)		7.17	%		7.10	%		7.17	%		7.09	%		6.87	%
Total equity to total assets		9.91	%		9.85	%		9.89	%		9.80	%		9.55	%

(1) Refer to Glossary of Terms for definition.

(2) This is a non-U.S. GAAP measure, refer to Non-U.S. GAAP Measures for a reconciliation from non-U.S. GAAP to U.S. GAAP.

(3) For the first and second quarters 2010, diluted shares are equal to basic shares due to the net loss. The calculation of diluted earnings per share for those periods results in anti-dilution.

(4) Excludes covered assets. Refer to Glossary of Terms for definition.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

9

Loan Composition (excluding covered assets⁽¹⁾)   (Dollars in thousands)

	03/31/11		% of Total			12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total			03/31/10		% of Total
	unaudited					audited					unaudited					unaudited					unaudited
Commercial and industrial	$	4,079,874		45	%	$	4,015,257		44	%	$	3,850,498		43	%	$	3,564,504		40	%	$	3,504,531		39	%
Commercial - owner-occupied CRE		990,342		11	%		897,620		10	%		774,678		9	%		790,629		9	%		783,671		9	%
Total commercial		5,070,216		56	%		4,912,877		54	%		4,625,176		52	%		4,355,133		49	%		4,288,202		48	%
Commercial real estate		2,289,259		25	%		2,400,923		26	%		2,534,600		28	%		2,604,977		30	%		2,657,357		30	%
Commercial real estate - multi-family		451,685		5	%		457,246		5	%		471,989		5	%		502,708		6	%		520,186		6	%
Total commercial real estate		2,740,944		30	%		2,858,169		31	%		3,006,589		33	%		3,107,685		36	%		3,177,543		36	%
Construction		464,253		5	%		530,733		6	%		556,960		6	%		571,437		7	%		600,226		7	%
Residential real estate		314,082		4	%		319,146		4	%		324,434		4	%		309,001		3	%		316,012		4	%
Home equity		188,900		2	%		197,179		2	%		197,977		2	%		203,053		2	%		212,421		2	%
Personal		258,672		3	%		296,253		3	%		280,993		3	%		305,130		3	%		303,824		3	%
Total loans	$	9,037,067		100	%	$	9,114,357		100	%	$	8,992,129		100	%	$	8,851,439		100	%	$	8,898,228		100	%

Commercial Real Estate and Construction Loans Portfolio by Collateral Type

Unaudited

	03/31/11					12/31/10
	Amount		% of Total			Amount		% of Total
Commercial Real Estate Portfolio
Land	$	297,373		11	%	$	311,464		11	%
Residential 1-4 family		136,632		5	%		139,689		5	%
Multi-family		451,685		16	%		457,246		16	%
Industrial/warehouse		384,127		14	%		391,694		14	%
Office		525,013		19	%		531,193		18	%
Retail		420,766		15	%		450,135		16	%
Health care		79,854		3	%		114,545		4	%
Mixed use/other		445,494		17	%		462,203		16	%
Total commercial real estate	$	2,740,944		100	%	$	2,858,169		100	%
Construction Portfolio
Land	$	51,681		11	%	$	46,036		9	%
Residential 1-4 family		24,588		5	%		30,698		6	%
Multi-family		77,117		17	%		77,685		15	%
Industrial/warehouse		34,505		7	%		34,703		7	%
Office		83,629		18	%		92,369		17	%
Retail		78,155		17	%		92,268		17	%
Mixed use/other		114,578		25	%		156,974		29	%
Total construction	$	464,253		100	%	$	530,733		100	%

(1) Refer to Glossary of Terms for definition.

10

Asset Quality (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)

	1Q11			4Q10			3Q10			2Q10			1Q10
Credit Quality Key Ratios
Net charge-offs to average loans		1.83	%		1.54	%		2.17	%		2.24	%		2.55	%
Total nonperforming loans to total loans		3.95	%		4.01	%		4.13	%		4.18	%		4.28	%
Total nonperforming assets to total assets		3.61	%		3.65	%		3.67	%		3.48	%		3.46	%
Nonaccrual loans to:
total loans		3.95	%		4.01	%		4.13	%		4.18	%		4.28	%
total assets		2.86	%		2.94	%		2.95	%		2.94	%		2.98	%
Allowance for loan losses to:
total loans		2.41	%		2.44	%		2.48	%		2.63	%		2.66	%
nonperforming loans		61	%		61	%		60	%		63	%		62	%
nonaccrual loans		61	%		61	%		60	%		63	%		62	%
Nonperforming assets
Loans past due 90 days and accruing	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		356,932			365,880			371,156			370,179			381,207
OREO		93,770			88,728			90,944			68,693			60,755
Total nonperforming assets	$	450,702		$	454,608		$	462,100		$	438,872		$	441,962
Restructured loans accruing interest	$	100,895		$	87,576		$	53,397		$	4,030		$	3,840
Nonperforming Loans Rollforward
Beginning balance	$	365,880		$	371,156		$	370,179		$	381,207		$	395,447
Additions:
New nonaccrual loans		95,275			108,526			123,557			130,400			84,919
Reductions:
Return to performing status		(11,059	)		(6,564	)		(5,969	)		(17,984	)		(12,383	)
Paydowns and payoffs, net		(16,301	)		(18,852	)		(18,208	)		(33,733	)		(5,708	)
Net sales		(11,288	)		(10,595	)		(3,200	)		(8,043	)		—
Transfer to OREO		(23,655	)		(39,795	)		(44,979	)		(31,480	)		(23,996	)
Charge-offs, net		(41,920	)		(37,996	)		(50,224	)		(50,188	)		(57,072	)
Total reductions		(104,223	)		(113,802	)		(122,580	)		(141,428	)		(99,159	)
Balance at end of period	$	356,932		$	365,880		$	371,156		$	370,179		$	381,207
OREO Rollforward
Beginning balance	$	88,728		$	90,944		$	68,693		$	60,755		$	41,497
New foreclosed property		23,661			40,178			44,979			31,688			24,135
Valuation adjustments		(4,762	)		(1,994	)		(1,385	)		(2,108	)		(1,101	)
Disposals:
Sales proceeds		(12,277	)		(40,076	)		(20,277	)		(21,514	)		(3,942	)
Net (loss) gain on sale		(1,580	)		(324	)		(1,066	)		(128	)		166
Balance at end of period	$	93,770		$	88,728		$	90,944		$	68,693		$	60,755
Restructured Loans Accruing Interest Rollforward
Beginning balance	$	87,576		$	53,397		$	4,030		$	3,840		$	—
Additions:
New restructured loans accruing interest		19,328			45,582			49,404			—			3,840
Advances		—			1,215			—			190			—
Reductions:
Paydowns and payoffs		(1,535	)		(181	)		(37	)		—			—
Move to nonperforming loans		(4,474	)		(12,437	)		—			—			—
Balance at end of period	$	100,895		$	87,576		$	53,397		$	4,030		$	3,840

(1) Refer to Glossary of Terms for definition.

11

Asset Quality (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)

Credit Quality Indicators

	Special Mention		% of Loan Type			Potential Problem Loans		% of Loan Type			Non- Performing Loans		% of Loan Type			Total Loans
As of March 31, 2011
Transformational
Commercial	$	29,991		0.7	%	$	150,452		3.4	%	$	58,013		1.3	%	$	4,471,032
Commercial real estate		84,403		6.7	%		121,080		9.7	%		7,272		0.6	%		1,253,286
Construction		21,611		6.8	%		21,774		6.9	%		15,308		4.8	%		317,317
Residential real estate		1,219		1.2	%		5,723		5.7	%		272		0.3	%		100,137
Home equity		—		—			346		1.1	%		—		—			31,390
Personal		—		—			934		0.7	%		—		—			125,599
Total transformational	$	137,224		2.2	%	$	300,309		4.8	%	$	80,865		1.3	%	$	6,298,761
Legacy
Commercial	$	28,107		4.7	%	$	34,719		5.8	%	$	20,018		3.3	%	$	599,184
Commercial real estate		81,614		5.5	%		152,548		10.3	%		184,062		12.4	%		1,487,658
Construction		15,453		10.5	%		10,378		7.1	%		26,335		17.9	%		146,936
Residential real estate		8,917		4.2	%		9,469		4.4	%		16,597		7.8	%		213,945
Home equity		3,121		2.0	%		8,410		5.3	%		11,397		7.2	%		157,510
Personal		1,083		0.8	%		2,311		1.7	%		17,658		13.3	%		133,073
Total legacy	$	138,295		5.1	%	$	217,835		8.0	%	$	276,067		10.1	%	$	2,738,306
Total	$	275,519		3.0	%	$	518,144		5.7	%	$	356,932		3.9	%	$	9,037,067
As of December 31, 2010
Transformational
Commercial	$	85,039		2.0	%	$	121,816		2.8	%	$	51,097		1.2	%	$	4,280,467
Commercial real estate		87,495		6.8	%		125,497		9.7	%		10,309		0.8	%		1,295,380
Construction		37,590		11.7	%		21,774		6.8	%		105		*			320,151
Residential real estate		1,214		1.4	%		5,888		6.8	%		35		*			86,473
Home equity		—		—			346		1.2	%		—		—			28,356
Personal		—		—			1,280		1.0	%		—		—			132,813
Total transformational	$	211,338		3.4	%	$	276,601		4.5	%	$	61,546		1.0	%	$	6,143,640
Legacy
Commercial	$	26,891		4.3	%	$	52,013		8.2	%	$	31,049		4.9	%	$	632,410
Commercial real estate		115,577		7.4	%		134,545		8.6	%		192,415		12.3	%		1,562,789
Construction		30,325		14.4	%		23,345		11.1	%		33,298		15.8	%		210,582
Residential real estate		8,748		3.8	%		9,213		4.0	%		14,806		6.4	%		232,673
Home equity		3,757		2.2	%		10,926		6.5	%		8,195		4.9	%		168,823
Personal		2,198		1.3	%		947		0.6	%		24,571		15.0	%		163,440
Total legacy	$	187,496		6.3	%	$	230,989		7.8	%	$	304,334		10.2	%	$	2,970,717
Total	$	398,834		4.4	%	$	507,590		5.6	%	$	365,880		4.0	%	$	9,114,357

(1) Refer to Glossary of Terms for definition.

* Less than 0.1%.

12

Asset Quality (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)

Nonaccrual Loans Stratification

	$5.0 Million or More		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of March 31, 2011
Amount:
Commercial	$	51,468	$	7,950	$	5,113	$	13,500	$	78,031
Commercial real estate		75,416		28,384		38,306		49,228		191,334
Construction		20,397		4,551		8,654		8,041		41,643
Residential real estate		—		7,789		—		9,080		16,869
Personal and home equity		11,049		—		3,766		14,240		29,055
Total	$	158,330	$	48,674	$	55,839	$	94,089	$	356,932
Number of borrowers:
Commercial		4		2		2		43		51
Commercial real estate		10		7		18		85		120
Construction		2		1		4		13		20
Residential real estate		—		2		—		16		18
Personal and home equity		1		—		2		35		38
Total		17		12		26		192		247
As of December 31, 2010
Amount:
Commercial	$	50,300	$	8,420	$	7,861	$	15,565	$	82,146
Commercial real estate		61,718		52,856		33,912		54,238		202,724
Construction		11,733		4,434		8,383		8,853		33,403
Residential real estate		—		4,790		—		10,051		14,841
Personal and home equity		15,491		4,419		1,932		10,924		32,766
Total	$	139,242	$	74,919	$	52,088	$	99,631	$	365,880
Number of borrowers:
Commercial		4		2		3		50		59
Commercial real estate		9		13		16		92		130
Construction		2		1		4		14		21
Residential real estate		—		1		—		17		18
Personal and home equity		1		1		1		28		31
Total		16		18		24		201		259
Restructured Loans Accruing Interest Stratification
	$5.0 Million or More		$3.0 to $4.9 Million		$1.5 to $2.9 Million		Under $1.5 Million		Total
As of March 31, 2011
Amount:
Commercial	$	5,265	$	3,342	$	1,774	$	4,669	$	15,050
Commercial real estate		41,479		10,048		8,724		7,169		67,420
Construction		—		3,094		—		—		3,094
Residential real estate		—		—		—		796		796
Personal and home equity		12,984		—		—		1,551		14,535
Total	$	59,728	$	16,484	$	10,498	$	14,185	$	100,895
Number of borrowers:
Commercial		1		1		1		10		13
Commercial real estate		3		3		4		10		20
Construction		—		1		—		—		1
Residential real estate		—		—		—		1		1
Personal and home equity		1		—		—		4		5
Total		5		5		5		25		40
As of December 31, 2010
Amount:
Commercial	$	—	$	—	$	4,553	$	3,464	$	8,017
Commercial real estate		41,659		7,064		4,662		6,634		60,019
Construction		—		3,112		—		1,236		4,348
Residential real estate		—		—		—		798		798
Personal and home equity		13,114		—		—		1,280		14,394
Total	$	54,773	$	10,176	$	9,215	$	13,412	$	87,576
Number of borrowers:
Commercial		—		—		2		7		9
Commercial real estate		3		2		2		9		16
Construction		—		1		—		1		2
Residential real estate		—		—		—		1		1
Personal and home equity		1		—		—		1		2
Total		4		3		4		19		30

(1) Refer to Glossary of Terms for definition.

13

Loan Portfolio Aging (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)

	Current			30-59 Days Past Due			60-89 Days Past Due			90 Days Past Due and Accruing		Nonaccrual			Total Loans
As of March 31, 2011
Loan balances:
Commercial	$	4,988,049		$	3,997		$	139		$	—	$	78,031		$	5,070,216
Commercial real estate		2,519,419			23,409			6,782			—		191,334			2,740,944
Construction		417,775			4,835			—			—		41,643			464,253
Residential real estate		296,064			753			396			—		16,869			314,082
Personal and home equity		413,661			1,921			2,935			—		29,055			447,572
Total loans	$	8,634,968		$	34,915		$	10,252		$	—	$	356,932		$	9,037,067
Aging as a percent of loan balance:
Commercial		98.38	%		0.08	%		—			—		1.54	%		100.00	%
Commercial real estate		91.92	%		0.85	%		0.25	%		—		6.98	%		100.00	%
Construction		89.99	%		1.04	%		—			—		8.97	%		100.00	%
Residential real estate		94.26	%		0.24	%		0.13	%		—		5.37	%		100.00	%
Personal and home equity		92.42	%		0.43	%		0.66	%		—		6.49	%		100.00	%
Total loans		95.55	%		0.39	%		0.11	%		—		3.95	%		100.00	%

	1Q11			4Q10			3Q10			2Q10			1Q10
Nonaccrual loans:
Commercial	$	78,031		$	82,146		$	87,800		$	90,364		$	68,509
Commercial real estate		191,334			202,724			213,975			214,365			212,758
Construction		41,643			33,403			33,589			37,859			59,335
Residential real estate		16,869			14,841			9,101			9,717			16,776
Personal and home equity		29,055			32,766			26,691			17,874			23,829
Total	$	356,932		$	365,880		$	371,156		$	370,179		$	381,207
Nonaccrual loans as a percent of total loan type:
Commercial		1.54	%		1.67	%		1.90	%		2.07	%		1.60	%
Commercial real estate		6.98	%		7.09	%		7.12	%		6.90	%		6.70	%
Construction		8.97	%		6.29	%		6.03	%		6.63	%		9.89	%
Residential real estate		5.37	%		4.65	%		2.81	%		3.14	%		5.31	%
Personal and home equity		6.49	%		6.64	%		5.57	%		3.52	%		4.62	%
Total		3.95	%		4.01	%		4.13	%		4.18	%		4.28	%
Loans past due 60-89 days and still accruing:
Commercial	$	139		$	759		$	435		$	3,620		$	4,245
Commercial real estate		6,782			12,346			8,864			14,884			35,454
Construction		—			1,895			6,200			—			6,400
Residential real estate		396			4,098			2,767			1,347			170
Personal and home equity		2,935			4,033			1,104			1,147			2,112
Total	$	10,252		$	23,131		$	19,370		$	20,998		$	48,381
Loans past due 60-89 days and still accruing as a percent of total loan type:
Commercial		—			0.02	%		0.01	%		0.08	%		0.10	%
Commercial real estate		0.25	%		0.43	%		0.29	%		0.48	%		1.12	%
Construction		—			0.36	%		1.11	%		—			1.07	%
Residential real estate		0.13	%		1.28	%		0.85	%		0.44	%		0.05	%
Personal and home equity		0.66	%		0.80	%		0.23	%		0.23	%		0.41	%
Total		0.11	%		0.27	%		0.22	%		0.24	%		0.54	%
Loans past due 30-59 days and still accruing:
Commercial	$	3,997		$	1,024		$	2,772		$	2,741		$	11,641
Commercial real estate		23,409			10,264			18,869			26,073			36,740
Construction		4,835			—			3,327			258			3,252
Residential real estate		753			180			1,174			—			6,656
Personal and home equity		1,921			14,098			2,188			2,065			2,189
Total	$	34,915		$	25,566		$	28,330		$	31,137		$	60,478
Loans past due 30-59 days and still accruing as a percent of total loan type:
Commercial		0.08	%		0.02	%		0.06	%		0.06	%		0.27	%
Commercial real estate		0.85	%		0.36	%		0.63	%		0.84	%		1.16	%
Construction		1.04	%		—			0.60	%		0.05	%		0.54	%
Residential real estate		0.24	%		0.06	%		0.36	%		—			2.11	%
Personal and home equity		0.43	%		2.86	%		0.46	%		0.41	%		0.42	%
Total		0.39	%		0.28	%		0.32	%		0.35	%		0.68	%

(1) Refer to Glossary of Terms for definition.

14

Foreclosed Real Estate (OREO), excluding covered assets⁽¹⁾   Unaudited   (Dollars in thousands)

OREO Properties by Type

	March 31, 2011				December 31, 2010
	Number of Properties		Amount		Number of Properties		Amount
Single family homes		24	$	18,219		24	$	21,534
Land parcels		322		37,079		320		34,122
Multi-family		13		8,464		14		6,061
Office/industrial		24		25,544		20		26,511
Retail		4		4,464		1		500
Total		387	$	93,770		379	$	88,728

OREO Property Location

	Illinois		Georgia		Michigan		South Eastern(2)		Other		Total
March 31, 2011
Single family homes	$	16,054	$	139	$	1,954	$	—	$	72	$	18,219
Land parcels		12,325		5,706		4,531		10,396		4,121		37,079
Multi-family		5,854		—		2,610		—		—		8,464
Office/industrial		14,613		1,044		2,193		3,864		3,830		25,544
Retail		1,259		892		2,313		—		—		4,464
Total	$	50,105	$	7,781	$	13,601	$	14,260	$	8,023	$	93,770
December 31, 2010
Single family homes	$	14,943	$	139	$	6,194	$	—	$	258	$	21,534
Land parcels		10,874		4,772		3,626		10,396		4,454		34,122
Multi-family		5,166		—		895		—		—		6,061
Office/industrial		13,505		1,104		3,787		4,573		3,542		26,511
Retail		500		—		—		—		—		500
Total	$	44,988	$	6,015	$	14,502	$	14,969	$	8,254	$	88,728

(1) Refer to Glossary of Terms for definition.

(2) Represents the southeastern states of Arkansas and Florida.

15

Allowance for Loan Losses (excluding covered assets⁽¹⁾)   Unaudited   (Dollars in thousands)

	1Q11			4Q10			3Q10			2Q10			1Q10
Change in allowance for loan losses:
Balance at beginning of period	$	222,821		$	223,392		$	232,411		$	236,851		$	221,688
Loans charged-off:
Commercial	$	(4,200	)	$	(3,050	)	$	(2,541	)	$	(8,440	)	$	(18,129	)
Commercial real estate		(29,409	)		(21,909	)		(31,809	)		(24,956	)		(21,793	)
Construction		(62	)		(1,709	)		(4,882	)		(10,644	)		(10,264	)
Residential real estate		(386	)		(544	)		(1,715	)		(886	)		(1,590	)
Home equity		(1,447	)		(1,234	)		(736	)		(651	)		(1,087	)
Personal		(6,787	)		(8,602	)		(8,939	)		(6,346	)		(4,584	)
Total charge-offs		(42,291	)		(37,048	)		(50,622	)		(51,923	)		(57,447	)
Recoveries on loans previously charged-off:
Commercial	$	465		$	1,243		$	730		$	664		$	330
Commercial real estate		272			75			304			896			53
Construction		97			274			131			444			134
Residential real estate		2			12			4			11			6
Home equity		10			79			9			3			4
Personal		155			259			394			73			17
Total recoveries		1,001			1,942			1,572			2,091			544
Net charge-offs		(41,290	)		(35,106	)		(49,050	)		(49,832	)		(56,903	)
Provisions charged to operating expense		36,706			34,535			40,031			45,392			72,066
Balance at end of period	$	218,237		$	222,821		$	223,392		$	232,411		$	236,851
Allocation of allowance for loan losses:
General allocated reserve:
Commercial	$	50,250		$	52,100		$	50,863		$	55,408		$	55,324
Commercial real estate		75,500			72,850			75,701			76,193			77,698
Construction		12,900			16,000			17,048			17,869			18,479
Residential real estate		4,425			4,275			3,842			3,999			3,658
Home equity		3,425			3,150			2,312			2,552			2,664
Personal		3,325			3,475			4,910			5,602			5,909
Total allocated	$	149,825		$	151,850		$	154,676		$	161,623		$	163,732
Specific reserve		68,412			70,971			68,716			70,788			73,119
Unallocated reserve		—			—			—			—			—
Total	$	218,237		$	222,821		$	223,392		$	232,411		$	236,851
Allocation of reserve by a percent of total allowance for loan losses:
General allocated reserve:
Commercial		23	%		23	%		23	%		24	%		23	%
Commercial real estate		35	%		33	%		34	%		33	%		33	%
Construction		6	%		7	%		8	%		8	%		8	%
Residential real estate		2	%		2	%		2	%		2	%		2	%
Home equity		2	%		1	%		1	%		1	%		1	%
Personal		2	%		2	%		2	%		2	%		2	%
Total allocated		70	%		68	%		70	%		70	%		69	%
Specific reserve		30	%		32	%		30	%		30	%		31	%
Unallocated reserve		—			—			—			—			—
Total		100	%		100	%		100	%		100	%		100	%
Allowance for loan losses to:
total loans		2.41	%		2.44	%		2.48	%		2.63	%		2.66	%
nonperforming loans		61	%		61	%		60	%		63	%		62	%
nonaccrual loans		61	%		61	%		60	%		63	%		62	%

(1) Refer to Glossary of Terms for definition.

16

Deposits   (Dollars in thousands)

	03/31/11		% of Total			12/31/10		% of Total			09/30/10		% of Total			06/30/10		% of Total			03/31/10		% of Total
	unaudited					audited					unaudited					unaudited					unaudited
Non-interest bearing deposits	$	2,438,709		23	%	$	2,253,661		21	%	$	2,173,419		20	%	$	2,090,222		20	%	$	1,886,427		18	%
Interest-bearing deposits		540,215		5	%		616,761		6	%		614,049		6	%		738,631		7	%		714,700		7	%
Savings deposits		203,550		2	%		190,685		2	%		178,533		2	%		170,087		1	%		163,613		1	%
Money market accounts		4,627,703		44	%		4,631,138		44	%		4,861,437		46	%		4,896,566		46	%		4,527,557		43	%
Brokered deposits:
Traditional		455,473		4	%		329,107		3	%		150,183		1	%		103,774		1	%		294,346		3	%
Client CDARS (1)		888,676		8	%		852,458		8	%		828,508		8	%		1,013,115		10	%		1,129,471		10	%
Non-client CDARS (1)		123,047		1	%		269,262		3	%		262,675		3	%		119,700		1	%		407,489		4	%
Total brokered deposits		1,467,196		13	%		1,450,827		14	%		1,241,366		12	%		1,236,589		12	%		1,831,306		17	%
Time deposits		1,348,603		13	%		1,392,357		13	%		1,461,668		14	%		1,437,204		14	%		1,498,322		14	%
Total deposits	$	10,625,976		100	%	$	10,535,429		100	%	$	10,530,472		100	%	$	10,569,299		100	%	$	10,621,925		100	%
Client deposits (1)	$	10,047,456		95	%	$	9,937,060		94	%	$	10,117,614		96	%	$	10,345,825		98	%	$	9,920,090		93	%

(1) Refer to Glossary of Terms for definition.

17

Net Interest Margin
Unaudited
(Dollars in thousands)

	Three Months Ended March 31,
	2011								2010
	Average Balance			Interest (1)		Rate			Average Balance			Interest (1)		Rate
Assets:
Fed funds sold and other short-term investments	$	517,641		$	336		0.26	%	$	757,463		$	544		0.29	%
Securities:
Taxable		1,734,347			15,390		3.55	%		1,456,165			15,450		4.24	%
Tax-exempt (2)		149,260			2,276		6.10	%		161,507			2,604		6.45	%
Total securities		1,883,607			17,666		3.75	%		1,617,672			18,054		4.46	%
Loans, excluding covered assets:
Commercial		5,021,733			57,746		4.60	%		4,327,508			49,813		4.60	%
Commercial real estate		2,842,014			29,929		4.21	%		3,089,518			33,558		4.34	%
Construction		516,609			4,885		3.78	%		760,782			5,887		3.10	%
Residential		329,050			3,785		4.60	%		334,000			4,250		5.09	%
Personal and home equity		466,719			4,065		3.53	%		521,029			4,822		3.75	%
Total loans, excluding covered assets (3)		9,176,125			100,410		4.38	%		9,032,837			98,330		4.36	%
Total interest-earning assets before covered assets (2)		11,577,373			118,412		4.09	%		11,407,972			116,928		4.10	%
Covered assets (4)		353,378			5,237		5.94	%		481,566			12,732		10.60	%
Total interest-earning assets (2)	$	11,930,751		$	123,649		4.15	%	$	11,889,538		$	129,660		4.37	%
Cash and due from banks		171,007								181,539
Allowance for loan and covered loan losses		(250,067	)							(241,814	)
Other assets		656,053								614,154
Total assets	$	12,507,744							$	12,443,417
Liabilities and Equity:
Interest-bearing demand deposits	$	599,357		$	642		0.43	%	$	720,381		$	966		0.54	%
Savings deposits		197,501			200		0.41	%		150,357			286		0.77	%
Money market accounts		4,664,227			6,462		0.56	%		4,228,146			8,828		0.85	%
Time deposits		1,379,197			4,518		1.33	%		1,645,788			6,221		1.53	%
Brokered deposits		1,478,171			2,174		0.66	%		1,637,891			5,203		1.29	%
Total interest-bearing deposits		8,318,453			13,996		0.68	%		8,382,563			21,504		1.04	%
Short term borrowings		114,957			827		2.88	%		240,926			1,446		2.40	%
Long term debt		411,960			5,483		5.32	%		525,342			7,505		5.71	%
Total interest-bearing liabilities		8,845,370			20,306		0.93	%		9,148,831			30,455		1.34	%
Non-interest bearing demand deposits		2,264,100								1,902,720
Other liabilities		157,634								153,550
Equity		1,240,640								1,238,316
Total liabilities and equity	$	12,507,744							$	12,443,417
Net interest spread (5)							3.22	%							3.02	%
Effect of non interest-bearing funds							0.24	%							0.31	%
Net interest income/margin (2) (5) (6)				$	103,343		3.46	%				$	99,205		3.33	%

(1) Interest income included $6.9 million and $6.2 million in loan fees for the three months ended March 31, 2011 and 2010, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP measure, refer to Non-U.S. GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $377.3 million and $409.3 million at March 31, 2011 and 2010, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $4.0 million and $4.5 million for the three months ended March 31, 2011 and 2010, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the three months ended March 31, 2011 and 2010, accretion related to covered assets contributed to net interest margin by 5 and 25 basis points, respectively.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

18

Net Interest Margin   Unaudited   (Dollars in thousands)

	Three Months Ended March 31,								Three Months Ended December 31,
	2011								2010
	Average Balance			Interest (1)		Rate			Average Balance			Interest (1)		Rate
Assets:
Fed funds sold and other short-term investments	$	517,641		$	336		0.26	%	$	570,264		$	366		0.25	%
Securities:
Taxable		1,734,347			15,390		3.55	%		1,718,338			15,453		3.60	%
Tax-exempt (2)		149,260			2,276		6.10	%		164,241			2,520		6.14	%
Total securities		1,883,607			17,666		3.75	%		1,882,579			17,973		3.82	%
Loans, excluding covered assets:
Commercial		5,021,733			57,746		4.60	%		4,699,681			53,922		4.49	%
Commercial real estate		2,842,014			29,929		4.21	%		2,966,730			31,960		4.22	%
Construction		516,609			4,885		3.78	%		549,967			5,261		3.74	%
Residential		329,050			3,785		4.60	%		366,637			4,239		4.62	%
Personal and home equity		466,719			4,065		3.53	%		495,845			4,482		3.59	%
Total loans, excluding covered assets (3)		9,176,125			100,410		4.38	%		9,078,860			99,864		4.31	%
Total interest-earning assets before covered assets (2)		11,577,373			118,412		4.09	%		11,531,703			118,203		4.03	%
Covered assets (4)		353,378			5,237		5.94	%		387,146			5,511		5.57	%
Total interest-earning assets (2)	$	11,930,751		$	123,649		4.15	%	$	11,918,849		$	123,714		4.08	%
Cash and due from banks		171,007								143,504
Allowance for loan and covered loan losses		(250,067	)							(240,720	)
Other assets		656,053								692,026
Total assets	$	12,507,744							$	12,513,659
Liabilities and Equity:
Interest-bearing demand deposits	$	599,357		$	642		0.43	%	$	696,877		$	702		0.40	%
Savings deposits		197,501			200		0.41	%		184,704			206		0.44	%
Money market accounts		4,664,227			6,462		0.56	%		4,812,571			7,231		0.60	%
Time deposits		1,379,197			4,518		1.33	%		1,427,904			4,954		1.38	%
Brokered deposits		1,478,171			2,174		0.66	%		1,165,207			2,413		0.82	%
Total interest-bearing deposits		8,318,453			13,996		0.68	%		8,287,263			15,506		0.74	%
Short term borrowings		114,957			827		2.88	%		124,716			962		3.02	%
Long term debt		411,960			5,483		5.32	%		432,264			6,023		5.53	%
Total interest-bearing liabilities		8,845,370			20,306		0.93	%		8,844,243			22,491		1.01	%
Non-interest bearing demand deposits		2,264,100								2,224,807
Other liabilities		157,634								185,437
Equity		1,240,640								1,259,172
Total liabilities and equity	$	12,507,744							$	12,513,659
Net interest spread (5)							3.22	%							3.07	%
Effect of non interest-bearing funds							0.24	%							0.26	%
Net interest income/margin (2) (5) (6)				$	103,343		3.46	%				$	101,223		3.33	%

(1) Interest income included $6.9 million and $6.1 million in loan fees for the three months ended March 31, 2011 and December 31, 2010, respectively.

(2) Interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This is a non-U.S. GAAP measure, refer to Non-U.S. GAAP Measures for a reconciliation of the effect of the tax-equivalent adjustment.

(3) Average loans on a nonaccrual basis for the recognition of interest income totaled $377.3 million and $389.1 million at March 31, 2011 and December 31, 2010, respectively, and are included in loans for purposes of this analysis. Interest foregone on impaired loans was estimated to be approximately $4.0 million and $4.2 million for the three months ended March 31, 2011 and December 31, 2010, respectively, and was based on the average loan portfolio yield for the respective period.

(4) Covered interest-earning assets consist of loans acquired through an FDIC-assisted transaction that are subject to a loss share agreement and the related indemnification asset.

(5) Refer to Glossary of Terms for definition.

(6) For the quarters ended March 31, 2011 and December 31, 2010, accretion related to covered assets contributed to net interest margin by 5 basis points, respectively.

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

19

Non-U.S. GAAP Measures
Unaudited
(Amounts in thousands except per share data)

This press release contains both financial measures based on accounting principles generally accepted in the United States (U.S. GAAP) and non-U.S. GAAP based financial measures. These non-U.S. GAAP measures include net interest income, net interest margin, net revenue, operating profit and efficiency ratio all on a fully taxable-equivalent basis; tier 1 common capital, tangible book value, and tangible common equity to tangible assets. We believe that presenting these non-U.S. GAAP financial measures will provide information useful to investors in understanding our underlying operational performance, our business, and performance trends and facilitates comparisons with the performance of others in the banking industry.

We use net interest income on a taxable-equivalent basis in calculating various performance measures by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments assuming a 35% tax rate. Management believes this measure to be the preferred industry measurement of net interest income as it enhances comparability to net interest income arising from taxable and tax-exempt sources, and accordingly believes that providing this measure may be useful for peer comparison purposes.

We also consider various measures when evaluating capital utilization and adequacy, including tier 1 common capital, tangible book value, and tangible common equity ratio, in addition to capital ratios defined by banking regulators. These calculations are intended to complement the capital ratios defined by banking regulators for both absolute and comparative purposes. Certain of these measures exclude the ending balances of goodwill and other intangibles and/or preferred capital components. Because U.S. GAAP does not include capital ratio measures, we believe there are no comparable U.S. GAAP financial measures to these ratios. We believe these non-U.S. GAAP measures are relevant because they reflect the level of capital available to withstand unexpected market conditions. Additionally, presentation of these measures allows readers to compare certain aspects of our capitalization to other companies. However, because there are no standardized definitions for these ratios, our calculations may not be comparable with other companies, and the usefulness of these measures to investors may be limited.

Non-U.S. GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-U.S. GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation or as a substitute for analyses of results as reported under U.S. GAAP. As a result, we encourage readers to consider our Consolidated Financial Statements in their entirety and not to rely on any single financial measure. The following table reconciles Non-U.S. GAAP financial measures to U.S. GAAP:

	Quarters Ending
	1Q11			4Q10			3Q10			2Q10			1Q10
Taxable-equivalent interest income
U.S. GAAP net interest income	$	102,553		$	100,347		$	98,959		$	103,332		$	98,319
Taxable-equivalent adjustment		790			876			891			924			886
Taxable-equivalent net interest income (a)	$	103,343		$	101,223		$	99,850		$	104,256		$	99,205
Average Earning Assets (b)	$	11,930,751		$	11,918,849		$	11,938,905		$	12,182,872		$	11,889,538
Net Interest Margin ((a) annualized) / (b)		3.46	%		3.33	%		3.28	%		3.39	%		3.33	%
Net Revenue
Taxable-equivalent net interest income (a)	$	103,343		$	101,223		$	99,850		$	104,256		$	99,205
U.S. GAAP non-interest income		23,627			34,865			23,360			19,953			15,068
Net revenue	$	126,970		$	136,088		$	123,210		$	124,209		$	114,273
Operating Profit
Taxable-equivalent net interest income (a)	$	103,343		$	101,223		$	99,850		$	104,256		$	99,205
U.S. GAAP non-interest income		23,627			34,865			23,360			19,953			15,068
Less: U.S. GAAP non-interest expense		75,349			82,148			68,077			76,002			73,371
Operating profit	$	51,621		$	53,940		$	55,133		$	48,207		$	40,902
Efficiency Ratio
U.S. GAAP non-interest expense (c)	$	75,349		$	82,148		$	68,077		$	76,002		$	73,371
Taxable-equivalent net interest income (a)	$	103,343		$	101,223		$	99,850		$	104,256		$	99,205
U.S. GAAP non-interest income		23,627			34,865			23,360			19,953			15,068
Net revenue (d)	$	126,970		$	136,088		$	123,210		$	124,209		$	114,273
Efficiency ratio (c ) / (d)		59.34	%		60.36	%		55.25	%		61.19	%		64.21	%

Note: Prior period net interest margin computations were modified to conform with the current period presentation.

20

Non-U.S. GAAP Measures (continued)
Unaudited
(Amounts in thousands except per share data)

	Quarters Ending
	1Q11			4Q10			3Q10			2Q10			1Q10
Tier 1 Common Capital
U.S. GAAP total equity	$	1,238,132		$	1,227,910		$	1,245,139		$	1,236,092		$	1,220,227
Trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: unrealized gains on available-for-sale securities		19,121			20,078			48,776			47,758			33,403
Less: disallowed deferred tax assets		—			5,377			—			6,360			17,267
Less: goodwill		94,609			94,621			94,633			94,646			94,658
Less: other intangibles		16,464			16,840			17,242			17,655			18,070
Tier 1 risk-based capital		1,352,731			1,335,787			1,329,281			1,314,466			1,301,622
Less: preferred stock		239,270			238,903			238,542			238,185			237,833
Less: trust preferred securities		244,793			244,793			244,793			244,793			244,793
Less: noncontrolling interests		105			33			250			179			103
Tier 1 common capital (e)	$	868,563		$	852,058		$	845,696		$	831,309		$	818,893
Tangible Common Equity
U.S. GAAP total equity	$	1,238,132		$	1,227,910		$	1,245,139		$	1,236,092		$	1,220,227
Less: goodwill		94,609			94,621			94,633			94,646			94,658
Less: other intangibles		16,464			16,840			17,242			17,655			18,070
Less: preferred stock		239,270			238,903			238,542			238,185			237,833
Tangible common equity (f)	$	887,789		$	877,546		$	894,722		$	885,606		$	869,666
Tangible Assets
U.S. GAAP total assets	$	12,497,442		$	12,465,621		$	12,583,965		$	12,611,040		$	12,780,236
Less: goodwill		94,609			94,621			94,633			94,646			94,658
Less: other intangibles		16,464			16,840			17,242			17,655			18,070
Tangible assets (g)	$	12,386,369		$	12,354,160		$	12,472,090		$	12,498,739		$	12,667,508
Period-end Shares Outstanding (h)		71,428			71,327			71,386			71,403			71,333
Risk-weighted Assets (i)	$	10,903,625		$	11,080,051		$	10,850,399		$	10,571,135		$	10,417,704
Ratios:
Tier 1 common capital (e) / (i)		7.97	%		7.69	%		7.79	%		7.86	%		7.86	%
Tangible book value (f) / (h)	$	12.43		$	12.30		$	12.53		$	12.40		$	12.19
Tangible common equity to tangible assets (f) / (g)		7.17	%		7.10	%		7.17	%		7.09	%		6.87	%

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Glossary of Terms

Assets under management and administration (“AUMA”) - Assets held in trust where we serve as trustee or in accounts where we make investment decisions on behalf of clients. AUMA also includes non-managed assets we hold in custody for clients or for which we receive fees for advisory or brokerage services. We do not include these assets on our Consolidated Balance Sheets.

Book value - Total common equity divided by outstanding shares of common stock at end of period.

CDARS^® deposit program - is a deposit services arrangement that effectively achieves FDIC deposit insurance for jumbo deposit relationships. These deposits are classified as brokered deposits for regulatory deposit purposes; however, we classify these deposits as client CDARS® due to the source being our existing and new client relationships and are, therefore, not traditional ‘brokered’ deposits. We also participate in a non-client CDARS® program that is more like a traditional brokered deposit program in that our relationship is with the underlying depositor.

Client deposits - Total deposits less brokered deposits plus client CDARS^TM.

Common equity - Total equity less preferred stock.

Covered assets - Assets acquired through an FDIC-assisted transaction that are subject to a loss share agreement and are presented separately on the Consolidated Balance Sheets.

Credit quality indicators - The Company has adopted an internal risk rating policy in which each loan is rated for credit quality with a numerical rating of 1 through 8. Loans rated 5 and better (1-5 ratings, inclusive) are credits that exhibit acceptable financial performance, cash flow, and leverage. If any risk exists, we attempt to mitigate by structure, collateral, monitoring, or other meaningful controls. Credits rated 6 are considered special mention as these credits demonstrate potential weakness and that if left unresolved, may result in deterioration in the Company’s credit position and/or the repayment prospects for the credit. Borrowers rated special mention may exhibit adverse operating trends, high leverage, tight liquidity or other credit concerns. Potential problem loans have a risk rating of 7 and are considered inadequately protected by the current net worth and paying capacity of the obligor, the collateral pledged, or guarantors. These loans generally have a well defined weakness or weaknesses that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not resolved. Nonperforming loans include nonaccrual loans risk rated 7 or 8 and have all the weaknesses inherent in a 7 rated potential problem loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Special mention, potential problem and nonperforming loans are reviewed at minimum on a quarterly basis, while all other rated credits are reviewed as the situation warrants.

Credit valuation adjustment (“CVA”) - An adjustment may need to be incorporated into the valuation of derivative instruments for nonperformance risk to include the counterparty’s credit risk and the Company’s own credit risk. This adjustment is referred to as the CVA. The CVA represents the credit component of fair value with regard to both client-based trades and the related matched trades with interbank dealer counterparties.

Efficiency ratio - Total non-interest expense divided by the sum of net interest income on a tax equivalent basis and non-interest income. This is a non-U.S. GAAP financial measure.

Fee revenue as percent of total revenue ratio - Total non-interest income less acquisition related gains, net securities gains (losses), and early extinguishment of debt divided by the sum of net interest income and non-interest income less acquisition related gains, net securities gains (losses) and early extinguishment of debt.

U.S. GAAP - Accounting principles generally accepted in the United States of America.

Net interest margin - Expressed as a percentage, net interest margin is a ratio computed as annualized taxable-equivalent net interest income divided by average earning assets. This is a non-U.S. GAAP financial measure.

Net interest spread - The difference between the average yield earned on interest-earning assets on a taxable-equivalent basis and the average rate paid for interest-bearing liabilities.

Net overhead ratio - Total non-interest expense less non-interest income divided by average total assets.

Net revenue - The sum of taxable equivalent net interest income and non-interest income. This is a non-U.S. GAAP financial measure.

Non-U.S. GAAP - Certain financial measures within this document that are not formally defined by U.S. GAAP or codified in the federal banking regulations. A reconciliation of these non-U.S. GAAP measures may be found on the previous page.

Operating profit - The sum of taxable equivalent net interest income and non-interest income, less non-interest expense. This is a non-U.S. GAAP financial measure.

Risk-weighted assets - Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Tangible book value - Total common equity less goodwill and other intangibles divided by outstanding shares of common stock at end of period. This is a non-U.S. GAAP financial measure.

Tangible common equity to tangible assets ratio - Tangible common equity divided by tangible assets, where tangible common equity equals total equity less preferred stock, goodwill and other intangible assets and tangible assets equals total assets less goodwill and other intangible assets. This is a non-U.S. GAAP financial measure.

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Glossary of Terms (continued)

Taxable-equivalent interest income - The interest income earned on certain assets is completely or partially exempt from Federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on other taxable investments. This adjustment is not permitted under U.S. GAAP on the Consolidated Income Statement.

Tier 1 common capital - Tier 1 risk-based capital, less preferred equity, less trust preferred capital securities, and less noncontrolling interests.

Tier 1 common capital ratio - Tier 1 common capital divided by period-end risk-weighted assets.

Tier 1 risk-based capital - Total equity, plus trust preferred capital securities, plus certain noncontrolling interests that are held by others; less goodwill and certain other intangible assets, less equity investments in nonfinancial companies, less ineligible servicing assets, less disallowed deferred tax assets and less net unrealized holding losses on available for sale equity securities. Net unrealized holding gains on available-for-sale equity securities, net unrealized holding gains (losses) on available for sale debt securities and net unrealized holding gains (losses) on cash flow hedge derivatives are excluded from total equity for Tier 1 capital purposes.

Tier 1 risk-based capital ratio - Tier 1 risk-based capital divided by period-end risk-weighted assets.

Leverage ratio - Tier 1 risk-based capital divided by adjusted average total assets.

Total risk-based capital - Tier 1 risk-based capital plus qualifying subordinated debt, other noncontrolling interest not qualified as Tier 1, eligible gains on available-for-sale equity securities and the allowance for loan and lease losses, subject to certain limitations.

Total risk-based capital ratio - Total risk-based capital divided by period-end risk-weighted assets.

Transformational and legacy portfolios - We aggregate loans by originating line of business for reserve purposes because of observable similarities in the performance experience of loans underwritten by the business units. Loans originated by the business units that existed prior to the strategic changes in 2007 are considered “legacy” loans. Loans originated by a business unit that was established in connection with or following the business transformation plan are considered “transformational” loans. Renewals or restructurings of legacy loans may continue to be evaluated as legacy loans depending on the structure or defining characteristics of the new transaction. The Company has implemented a line of business model that has reorganized the legacy business units so that after 2009, all new loan originations are considered transformational.

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