People Moves

PrivateBancorp Taps LaSalle in Georgia

Christopher Owen 25 January 2008

PrivateBancorp Taps LaSalle in Georgia

The PrivateBank - Georgia, a wholly owned subsidiary of Chicago-based PrivateBancorp, has tapped LaSalle Bank to hire Mark Veach as managing director and Zennie Lynch as associate managing director. Both will be based in Atlanta. Mr Veach was senior vice president and managing director of LaSalle Bank's southeastern regional office in Atlanta. Mr Lynch was first vice president and relationship manager in LaSalle's Atlanta office. "They bring tremendous experience and a solid track record of success, especially with the region's public and privately-held middle market companies. They will play an important role as we pursue our growth strategies," said Brian Schmitt, chairman and chief executive of The PrivateBank - Georgia. The Private Bank - Georgia provides financial services primarily to small to middle market public and privately held businesses, affluent individuals, wealthy families, professionals, entrepreneurs and real estate investors. PrivateBancorp, which had assets of $4.5 billion as of 30 September 2007, has 18 offices in the Atlanta, Chicago, Detroit, Milwaukee, St Louis and Kansas City metropolitan areas. Last week The PrivateBank - Chicago hired two Chicago-based LaSalle Bank employees as managing directors in its Treasury Management Services group.

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