EXHIBIT 23.1
------------
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
The Board of Directors
PrivateBancorp, Inc.:
As independent public accountants, we hereby consent to the incorporation of our
report dated January 31, 2000 (except with respect to the matter discussed in
Note 20, as to which the date is February 11, 2000), included in the
PrivateBancorp, Inc. Annual Report on Form 10-K for the year ended December 31,
1999, into this registration statement on Form S-8.
/s/ ARTHUR ANDERSEN LLP
Chicago, Illinois
August 14, 2000