Boston Private Opens New Downtown Los Angeles Office

Boston Private, a leading provider of fully integrated wealth management, trust and private banking services, today announced the opening of its downtown Los Angeles location at 801 S. Figueroa Street. The office is the private bank’s sixth office in Southern California.

The new office will provide clients with a wide range of services including commercial lending, community development lending, business loans, residential mortgages, and personal and business deposit and cash management solutions and services.

“Having invested over $2 billion in the communities we serve, Boston Private looks forward to growing our efforts in Los Angeles, especially financing affordable housing, businesses and nonprofit organizations,” said Esther Schlorholtz, Director of Community Investment at Boston Private. “The new office will help us to promote greater vitality in the city and stimulate economic opportunity.”

"Our new office in Los Angeles further enhances our ability to provide individuals and businesses in Southern California with a differentiated client experience that addresses all of their financial needs,” said George Schwartz, President, Boston Private Bank. “We are excited to add our presence to Downtown LA and look forward to serving the surrounding community.”

Boston Private also has Southern California offices in Beverly Hills, Encino, Pasadena, Santa Monica and Westlake Village.

About Boston Private

Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.

Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and Palm Beach. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.

Boston Private Bank & Trust Company is a subsidiary of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH). For more information, visit www.bostonprivate.com.

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Boston PrivateSteve Brownell, [e-mail]