ITEM 8.01 OTHER EVENTS

On November 14, 2012, PrivateBancorp, Inc. (the "Company") issued a press release announcing that it had repurchased in full the warrant that was issued to the U.S. Department of Treasury in connection with the Company's participation in the Trouble Asset Relief Program (TARP) Capital Purchase Program. The warrant, relating to the right to purchase 645,013 shares of common stock of the Company at $28.35 per share, was repurchased at the mutually agreed upon price of $1.225 million. Attached as Exhibit 99.1 is a copy of the related press release which is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

Exhibits Description

99.1 Press release dated November 14, 2012

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