Privatebank Chicago Ill

The Privatebank Chicago, Ill accepted $218MM in government bailout funding from the capital repurchase plan.  They received $218MM, none of which has been paid back.

However, the executives were not shy about compensating themselves.  The CEO made $2.6MM in FY10, the CFO Kevin Philips was paid $560K.  The president Bruce Haque made $1.18 while the other president made $1.1M.  While the president of CRE Karen Lase made $888K.  That is about $7MM.

The company has a market capitalization of $1B, while the company made $24MM in Q1 FY11

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