In the current credit environment, using your company’s assets to your advantage may be the wisest course to help meet your lending needs. The PrivateBank provides Asset-based Lending that utilizes your company’s collateral to get the financing you need. By providing asset-backed loans, The PrivateBank helps our clients – companies like yours – continue to deliver for their clients.
Susan Lanz
Managing Director
312.564.2145
Important FDIC Updates: The PrivateBank participates in the Transaction Account Guarantee Program. Learn More
The PrivateBank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest-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. The Bank’s NOW accounts paying an interest rate of more than .25% are not eligible for this guarantee.
FDIC deposit insurance has been permanently increased to $250,000 per depositor, per insured bank, for each ownership category.
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