Working at The PrivateBank | Glassdoor

The PrivateBank Overview

Chicago, IL
10000+ employees
CIBC
Company - Public (PVTB)
Banks & Credit Unions
Unknown / Non-Applicable

Working at The PrivateBank

CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at ... Read more

Mission: Our mission is to deliver compelling banking solutions that advance the goals of our clients; promote the stability of our communities; and enhance the lives of our employees; thereby creating value for our shareholders.

The PrivateBank – Why Work For Us?


Overview

CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.

Our employees strive to be the best at what we do in the service of our clients every day. If you like a fast-paced, results-driven culture, a commitment to working as a team and an organization that embraces the value of its people in reaching its goals, then get started to learn more about job opportunities at CIBC.

Communities

We call our communities home. When our communities thrive, so do you- our clients, neighbors and friends. That’s why strengthening our cities and neighborhoods is so important to us.

Whether a client, team member or community group, we want to hear what’s important to the people who live and work here. The things that matter to you are the same things that matter to us. We are proud to support our communities, because it’s our home.

Timeline

  • 2016 December: Opened Miami, Florida Commerical Banking Center
  • 2016 October: Opened Wilmette, Illinois office
  • 2016 June: PrivateBancorp, Inc., announces it has entered into a definitive agreement to be acquired by CIBC
  • 2014 September: Opened Lincolnwood, Illinois office
  • 2012 October: Completed underwritten public offerings of $75 million in common stock and $125 million in subordinated debt financing
    October and November: $244 million TARP repayment and warrant repurchase
  • 2009 January: Received $244 million from the U.S. Department of the Treasury under the Capital Purchase Program
    May: Raised $217 million in new capital through underwritten common stock offering
    July: Assumed all non-brokered deposits and acquired certain assets of Founders Bank
    October: Raised $194 million in new capital through underwritten common stock offering
  • 2008 Opened business development offices in Minneapolis, Cleveland, Des Moines and Denver
    May: Raised $143.75 million through Trust Preferred Offering
    June: Raised $166.1 million in new capital through issuance of common stock and sale of preferred stock
    September: Announced $140 million of senior and subordinated debt financing
  • 2007 Launched Strategic Growth Plan and raised $200 million in private equity to fund plan
  • 2006 Opened Kansas City, Missouri office
    Acquired The PrivateBank–Georgia
  • 2005 Acquired The PrivateBank–Michigan
    Founded The PrivateBank–Wisconsin
    Opened a second Chicago office in the Gold Coast area
  • 2004 Acquired Corley Financial and established The PrivateBank Mortgage Company
  • 2003 Second Common Stock Offering of $57 million
  • 2001 Opened Geneva, Illinois office
  • 2000 Opened offices in St. Charles , Illinois and St. Louis, Missouri
    Acquired offices in Lake Forest and Winnetka, Illinois
  • 1999 Completed $17 million initial public offering and began trading on the NASDAQ Stock Exchange under the ticker “PVTB”
  • 1997 Opened Oak Brook, Illinois office
  • 1991 Opened first office at 10 N. Dearborn in Chicago and began doing business as The PrivateBank
  • 1989 Organized PrivateBancorp, Inc. as a Delaware corporation

Why Should You Consider Working at The PrivateBank?

Our employees strive to be the best at what we do in the service of our clients every day. If you like a fast-paced, results-driven culture, a commitment to working as a team and an organization that embraces the value of its people in reaching its goals, then get started to learn more about job opportunities at The PrivateBank.

Accommodations for Disability

PrivateBancorp, Inc. values a diverse workforce and is an equal opportunity employer.  If you are a qualified candidate for a position that is currently available, you may request a reasonable accommodation if you are limited as a result of your disability in your ability to notify us of your interest. You can request reasonable accommodations by calling us at 312.564.2000.

Compensation & Benefits

We offer a comprehensive and competitive compensation and benefits program. Compensation is determined using competitive market data and bench-marked regularly. And we offer a variety of benefit plans intended to enhance your well-being. In addition to healthcare benefits such as medical, dental and vision, we have a tuition reimbursement program, wellness initiatives, generous time-off policies, and strong focus on work-life balance!

Eligibility for benefits may vary depending on employment status.

Diversity

The PrivateBank is committed to building a diverse work environment. We are an Equal Opportunity Employer and our practices support employees of all races, ethnicities, cultures, gender and sexual orientation as well as those with physical disabilities. Recognizing our employees’ diverse points of view and experiences is an essential part of what makes our environment collaborative and dynamic. Diversity allows our company be competitive while inspiring our employees to perform at their highest level and openly sharing ideas.

 
 


The PrivateBank Reviews

3.2
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
(no image)
Larry Richman
23 Ratings
  • "Terrific culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in Chicago, IL
    Current Employee - Managing Director in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at The PrivateBank full-time (More than 10 years)

    Pros

    Family friendly
    Incredible hard working co workers
    Fast paced
    Strong management
    Growth company
    Client focused
    Flexible work options
    Interesting place to be

    Cons

    Uncertainty due to CIBC acquisition makes job security a little scary. Management is older and will be replaced in next three years.

See All 53 Reviews

The PrivateBank Photos

The PrivateBank photo of: .
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The PrivateBank Interviews

Experience

Experience
80%
13%
7%

Getting an Interview

Getting an Interview
50%
25%
19%
6

Difficulty

2.6
Average

Difficulty

Hard
Average
Easy
  1.  

    Credit Analyst Interview

    Anonymous Interview Candidate in Chicago, IL
    Declined Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took 4 weeks. I interviewed at The PrivateBank (Chicago, IL).

    Interview

    First round was on campus - more about getting to know about you and your background, what you know about the bank, and why you are interested in them. Final round was in the office - consisted of a case study, 4 30-minute interviews with a variety of employees involved in the program, and then ends with a lunch. No technicals outside of the case study, which was pretty straight forward - all about getting to know you to make sure you are a good fit.

    Interview Questions

See All 16 Interviews

The PrivateBank Awards & Accolades

  • Corporate Social Responsibility Leadership Award, Financial Services Roundtable, 2017
  • Financial Services Innovation Award, OpenText, 2017

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