Boston Private Financial Holdings Inc. has proposed a $40 million underwritten public offering of its common stock with the Securities and Exchange Commission to use for general corporate purposes and to support the redemption of its remaining TARP securities.
The company has received approval from the U.S. Treasury to redeem its Series C Preferred Stock issued to the U.S. Department of the Treasury pursuant to the TARP Capital Purchase Program.
Goldman Sachs & Co. will be the lead underwriter and Keefe, Bruyette & Woods will be the co-manager for the proposed securities offering.





