ITEM 8.01 OTHER EVENTS

On October 10, 2012, PrivateBancorp, Inc. (the "Company") announced that it had commenced an underwritten public offering of approximately $75 million of its common stock. The Company also announced plans to commence a separate public offering of $125 million aggregate principal amount of its subordinated debt securities. The Company intends to use the anticipated net proceeds from the offerings, together with existing cash resources, to redeem all $243.8 million of preferred stock that the Company issued to the United States Department of Treasury under the Troubled Asset Relief Program Capital Repurchase Program. Attached as Exhibit 99.1 is a copy of the press release, which is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits. Exhibits Description 99.1 Press release dated October 10, 2012

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