Entering PrivateBank's Chicago headquarters is like stepping back in time. Other once-grand bank lobbies that lined South LaSalle Street have disappeared into floors of cubicles as the foreign and out-of-state banks that absorbed old Chicago names renovated for efficiency. But PrivateBank has a multi-storied hall, laced with tall Doric columns and capped by a stained-glass skylight.
The bank early last year moved into several floors of the Art Deco tower best known as the home of its original tenant, American National Bank, and more recently of JPMorgan Chase & Co. until it moved across the street. It's with particular enthusiasm that PrivateBank's chief executive Larry Richman-whose banking career began in this same building more than three decades ago-offers a tour of the imposing space. "It fit our needs perfectly," he says. "We were thrilled that this building became available."