Common Contracts

November 14, 2007 Mr. Jay B. Williams PrivateBancorp, Inc. 70 West Madison Suite 200 Chicago, Illinois 60602 Dear Jay:

Employment Agreement • February 29th, 2008 • Privatebancorp, Inc • State commercial banks

• Contract Type
  Employment Agreement
• Filed
  February 29th, 2008
• Company
  Privatebancorp, Inc
• Industry
  State commercial banks

Please find enclosed a term sheet agreement setting forth the terms of your employment and going forward compensation with PrivateBancorp, Inc. (“PrivateBancorp”) and The PrivateBank – Wisconsin (“PrivateBank (Wisconsin)”). This term sheet agreement will replace your existing employment agreement with PrivateBancorp, dated August 6, 2005, upon your acceptance by signature below. As we discussed, your future compensation includes a significant equity award.

November 14, 2007 Mr. Richard C. Jensen PrivateBancorp, Inc. 70 West Madison Suite 200 Chicago, Illinois 60602 Dear Richard:

Employment Agreement • February 29th, 2008 • Privatebancorp, Inc • State commercial banks

• Contract Type
  Employment Agreement
• Filed
  February 29th, 2008
• Company
  Privatebancorp, Inc
• Industry
  State commercial banks

Please find enclosed a term sheet agreement setting forth the terms of your employment and going forward compensation with PrivateBancorp, Inc. (“PrivateBancorp”) and The PrivateBank (St. Louis) (“PrivateBank (St. Louis)”). This term sheet agreement will replace your existing employment agreement with PrivateBancorp and PrivateBank (St. Louis), dated October 1, 2003, upon your acceptance by signature below. As we discussed, your future compensation includes a significant equity award.