About The PrivateBank
The PrivateBank is a company based in Chicago (United States) founded in 1991 was acquired by Canadian Imperial Bank of Commerce in June 2016.. The PrivateBank operates in a competitive market with competitors including Gesa Credit Union, TDECU, Simmons Bank, Truliant Federal Credit Union and Idaho Central Credit Union, among others.
- Headquarter Chicago, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$12.8 M (USD), Post-IPO
Nov 16, 2009
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Investors
Canadian Imperial Bank of Commerce
& 2 more
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Employee Count
Employee Count
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Acquired by
Canadian Imperial Bank of Commerce
(Jun 29, 2016)
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Funding Insights of The PrivateBank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $12.8M
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First Round
First Round
(27 Nov 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2009 | Amount | Post-IPO - The PrivateBank | Valuation |
investors |
|
| Nov, 2007 | Amount | Post-IPO - The PrivateBank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The PrivateBank
The PrivateBank has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, GTCR Chicago Private Equity Firm and Mesirow. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments and firm management in Chicago.
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Founded Year | Domain | Location | |
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Mesirow is engaged in financial and investment services.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by The PrivateBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - The PrivateBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Privatebank Comparisons
Competitors of The PrivateBank
The PrivateBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gesa Credit Union, TDECU, Simmons Bank, Truliant Federal Credit Union and Idaho Central Credit Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Urban credit union
|
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| domain | founded_year | HQ Location |
Provides checking, savings, loans, credit cards, and mortgages to members.
|
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
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| domain | founded_year | HQ Location |
Provider of financial products including checking, savings, loans, and insurance
|
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| domain | founded_year | HQ Location |
ICCU offers checking accounts, savings, loans, credit cards, and online banking services.
|
|
| domain | founded_year | HQ Location |
Blue Federal Credit Union is operated as a member-focused financial institution.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about The PrivateBank
When was The PrivateBank founded?
The PrivateBank was founded in 1991 and raised its 1st funding round 16 years after it was founded.
Where is The PrivateBank located?
The PrivateBank is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of The PrivateBank?
Daniel Pehrson is the current CEO of The PrivateBank.
What does The PrivateBank do?
The PrivateBank provider of cooperative bank, focusing on offering financial products and advice, banks, and co-operative banks. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of The PrivateBank?
The PrivateBank's top competitors include Simmons Bank, Truliant Federal Credit Union and Gesa Credit Union.
Who are The PrivateBank's investors?
The PrivateBank has 3 investors. Key investors include Canadian Imperial Bank of Commerce, GTCR Chicago Private Equity Firm, and Mesirow.
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