1,500,000 Shares PRIVATEBANCORP, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • July 2nd, 2003 • Privatebancorp Inc • State commercial banks • Maryland
PrivateBancorp, Inc., a Delaware corporation (the “Company”), proposes to sell to you as the underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 1,500,000 shares (the “Firm Stock”) of the Company’s common stock, no par value per share (the “Common Stock”). In addition, the Company proposes to grant to the Underwriters an option to purchase up to an additional 225,000 shares of Common Stock on the terms and for the purposes set forth in Section 2 hereof (the “Option Stock”). The Firm Stock and the Option Stock, if purchased, are hereinafter called the “Stock.” This agreement (“Agreement”) is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriters.
