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First Private Bank & Trust Announces a New Name: Boston Private Bank & Trust Company

^{Published on 2011-05-27 13:21:11 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--First Private Bank & Trust is pleased to announce that today it merged with and adopted the name of Boston Private Bank & Trust Company.

"With a new name a" but the same values a" we look forward to further enhancing our relationship with our clients and the local community."

The name change marks the completion of a process initiated earlier this year when First Privatea�s parent company, Boston Private Financial Holdings, Inc. (NASDAQ: BPFH), announced a plan to consolidate the charters of its four affiliated private banks into one integrated bank charter.

The Boston Private Bank & Trust Company name signifies a combination of the personalized private banking and service experience that clients have come to expect from First Private a" coupled with access to a much broader and stronger wealth management and private banking organization with a host of new benefits and services. The integration of First Private with the Boston Private banking group a" a network of client-centered private banking and wealth management organizations a" is a natural extension of a deep partnership with Boston Private that has been in place for years. The consolidated Boston Private Bank & Trust Company has nearly $6 billion of total assets, more than $450 million of capital strength, and over $3.5 billion of client assets under management.

aWe are proud to adopt the Boston Private Bank & Trust Company name and are excited about bringing this name and the service excellence it denotes to all of our clients,a said V. Charles Jackson, President and Chief Executive Officer of First Private. aOur clients will continue to receive the distinctive personal service that they have come to expect from our local staff, and our connections with our local community will remain as strong as ever. At the same time, our clients will be able to take advantage of new products, service offerings, and offices available through the broader Boston Private Bank & Trust Company network.a

As a result of the consolidation, the Bank will be able to offer a broader suite of private banking and wealth management services, including residential lending, commercial banking, investment management and trust, and cash management and deposit services. Clients will also gain access to Boston Private affiliated private banking offices in San Francisco, Seattle and Boston.

The change in the Bank's name will not impact current office operations or client accounts. First Private clients do not need to take any action as a result of the name change.

aAs Boston Private Bank & Trust Company, we will continue to focus on enduring excellence and our commitment to superior client responsiveness and distinctive service from our local base,a added Mr. Jackson. aWith a new name a" but the same values a" we look forward to further enhancing our relationship with our clients and the local community.a

About First Private Bank & Trust

First Private Bank & Trust (FPB)is a state chartered Southern California private banking and wealth management subsidiary of Boston Private Financial Holdings (BPFH), providing high levelfinancial services to individuals, families, and businesses.

About Boston Private Bank & Trust Company

Established in 1987, Boston Private Bank offers deposit and cash management services, residential mortgages, investment management services, and commercial banking for both individuals and businesses. The bank is a leader in residential lending, lending in all six New England states, and provides commercial banking services to many of New Englanda�s leading small and mid-size corporations. Under its Accessible Banking program, the bank is an active provider of real estate financing for affordable housing, economic development, and small businesses. Boston Private Banka�s investment management emphasis is on mid to large cap equity and actively managed fixed income portfolios. For further information, visit [ www.bostonprivatebank.com ].