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Prospect News home > News index > List of issuers P > Headlines for PrivateBancorp Inc. > News item
Published on 9/8/2014 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

PrivateBancorp Capital Trust IV calls $75 million 10% trust-preferreds

By Tali Rackner

Norfolk, Va., Sept. 8 – PrivateBancorp, Inc. announced that PrivateBancorp Capital Trust IV will redeem $75 million of its $143.8 million 10% trust-preferred securities, according to a filing with the Securities and Exchange Commission.

The preferreds will be redeemed at $25 per security plus accrued interest of about $480,000 on Oct. 8.

The bank holding company is based in Chicago.


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