LOS ANGELES and BOSTON, May 9,
2016 /PRNewswire/ -- Boston Private, a leading provider
of wealth management, trust and private banking services, today
announces an expansion of its presence in the Los Angeles area with a new downtown location
at 801 S. Figueroa Street. The office, set to open on June 1, will be Boston Private's 35th location
and its 14th on the West Coast.
Part of a continuing growth strategy in southern California, the office will serve as home base
to Boston Private's West Coast Commercial Lending and Community
Investment teams, positioning the company to build upon the
momentum of these groups' current initiatives and allowing the bank
to work more closely with existing and prospective clients in the
Los Angeles region.
"We expect the new, central location to help generate more
business opportunities, especially from those interested in
accessing our community lending products and services," said
Esther Schlorholtz, director of
community investment at Boston Private. "Besides better positioning
us to reach local businesses and new home buyers, this location
will expand opportunity to finance commercial properties that
create or preserve affordable housing options, generate jobs and
economic development, and promote the work of nonprofits engaged in
human and social service initiatives."
"Downtown Los Angeles is an
important market for us, as it affords the opportunity to
strengthen strategic relationships within our core market segments,
focusing initially on our commercial lending and community
investment services," said Clayton
Deutsch, CEO, Boston Private. "We are pleased with how our
private banking model has been received by our Southern California clients and look forward
to participating in the growth of the vibrant downtown Los Angeles community."
Boston Private also has Southern
California offices in Beverly
Hills, Burbank,
Encino, Granada Hills, Pasadena, Santa
Monica and Westlake
Village. The firm also has plans to further build out the
Los Angeles location in
late-2016.
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 35 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.
Media Contacts:
Brooks
Wallace
brooks@hollywoodpr.net
(774) 773-9571
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SOURCE Boston Private