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Balance Sheet Cash Flow Statement 10 Post Office Sq. Boston, MA 02109 MA Tel. 617-912-1900 Fax 617-912-4550 |
Type: Public
On the web:
http://www.bostonprivate.com
Employees:
1,220
Employee growth: 4.6%
Boston Private -- isn't that David Kelley's new TV series? Not exactly. The holding company owns several private banks and investment management companies that primarily serve wealthy and institutional clients on both US coasts. Offerings include deposit accounts, loans, trust services, and financial advice. Boston Private Bank & Trust operates about 10 branches in Massachusetts. In California, the company runs Borel Private Bank & Trust and First Private Bank & Trust. In 2007 it acquired Washington-based Charter Bank for about $80 million. Boston Private sold Gibraltar Private Bank & Trust, which serves southern Florida and New York City, to private investors in 2009.
Key numbers for fiscal year ending December, 2008:
Sales: $431.5M
One year growth: 9.4%
Net income: ($388.8)M
Officers:
Chairman and CEO: Timothy L. (Tim) Vaill
Vice Chairman and President: Walter M. (Walt) Pressey
EVP and CFO: David J. Kaye
Competitors:
Bank of America
FMR
JPMorgan Chase
