Common Securities, Preferred Securities, and Related Debentures

(Dollars in thousands)


			Common		Trust Preferred					Earliest				Principal Amount of Debentures
	Issuance Date		Securities Issued		Securities Issued ⁽¹⁾		Coupon Rate ⁽²⁾			Redemption Date (on or after) ⁽³⁾		Maturity		June 30, 2012		December 31, 2011
Bloomfield Hills Statutory Trust I		May 2004	$	248	$	8,000		3.12	%		Jun. 17, 2009		Jun. 2034	$	8,248	$	8,248

PrivateBancorp Statutory Trust II		Jun. 2005		1,547		50,000		2.18	%		Sep. 15, 2010		Sep. 2035		51,547		51,547

PrivateBancorp Statutory Trust III		Dec. 2005		1,238		40,000		1.97	%		Dec. 15, 2010		Dec. 2035		41,238		41,238

PrivateBancorp Statutory Trust IV		May 2008		10		143,750		10.00	%		Jun. 13, 2013		Jun. 2068		143,760		143,760

Total			$	3,043	$	241,750								$	244,793	$	244,793

⁽¹⁾	The trust preferred securities accrue distributions at a rate equal to the interest rate on and have a maturity identical to that of the related Debentures. The trust preferred securities will be redeemed upon maturity of the related Debentures.

⁽²⁾

Reflects the coupon rate in effect at June 30, 2012. The coupon rate for the Bloomfield Hills Statutory Trust I is a variable rate and is based on six-month LIBOR plus 2.65%. The coupon rates for the PrivateBancorp Statutory Trusts II and III are at a variable rate based on six-month LIBOR plus 1.71% for Trust II and six-month LIBOR plus 1.50% for Trust III. The coupon rate for the PrivateBancorp Statutory Trust IV is fixed. Distributions for all of the Trusts are payable quarterly. We have the right to defer payment of interest on the Debentures at any time or from time to time for a period not exceeding ten years in the case of the Debentures held by Trust IV, and five years in the case of all other Debentures, without causing an event of default under the related indenture, provided no extension period may extend beyond the stated maturity of the Debentures. During such extension period, distributions on the trust preferred securities would also be deferred, and our ability to pay dividends on our common stock would be restricted. The Federal Reserve has the ability to prevent interest payments on the Debentures.

⁽³⁾

The trust preferred securities are subject to mandatory redemption, in whole or in part, upon repayment of the Debentures at maturity or their earlier redemption. Subject to restrictions relating to our participation in the TARP CPP, the Debentures are redeemable in whole or in part prior to maturity at any time after the dates shown in the table, and in the case of Trust IV earlier at our discretion if certain events occur. It is anticipated that adoption of currently proposed capital rules would constitute a capital treatment event that would allow us to redeem early if certain conditions are satisfied, including those set forth in the replacement capital covenant to the extent then applicable. In addition, in any event, we may redeem only after we have obtained Federal Reserve approval, if then required under applicable guidelines or regulations.