Key Products & Services
The PrivateBank delivers a wide range of products and services needed to help middle-market commercial, commercial real estate and wealth management clients reach their goals. These include the following:
- Revolving Lines of Credit
- Term Loans
- Letters of Credit
- Specialty Banking
- Syndication
- Asset-based Lending
- Corporate Depository and Investment Accounts
- CDARS®
Commercial Real Estate Lending
- Construction & Redevelopment
- Non-credit Products & Services
- Online Banking
- Receivables Solutions
- Payables Solutions (including Fraud-Prevention Tools)
- Corporate Liquidity Tools (including Sweep Accounts & Zero Balance Accounts)
- Interest Rate Management
- Currency Risk Management
- Checking & Savings Accounts
- Residential Mortgage and Home Equity Lines
- Retirement Accounts
- CDARS®
- Investment Management Services
- Personal Trust Services
- Investment Agency Services
- Custody, Escrow & Tax-Deferred Exchange Services
* NOT FDIC INSURED | May Lose Value | No Bank Guarantee
Important Update On FDIC Insurance:
The PrivateBank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through June 30, 2010. Effective May 20, 2009, President Obama signed legislation that extended the time period for this increased insurance coverage. The “Helping Families Save Their Homes Act” extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 through December 31, 2013. The recent legislation states that the SMDIA will return to $100,000 on January 1, 2014. This legislation does not extend the June 30, 2010 deadline for unlimited FDIC insurance coverage granted to non-interest bearing account clients. This deadline remains unchanged.
