Boston financial services and wealth management firm Boston Private Financial Holdings Inc. (BPFH) has announced its intentions to raise up to $25 million through the sale of shares of its common stock in an underwritten public offering.

The company said it plans to offer 4.1 million shares of its common stock at a price of $6.10 per share, for gross proceeds of approximately $25 million, before underwriting discounts and commissions and estimated offering expenses. The company has granted underwriters the option to purchase up to an additional 615,000 shares. The offering is expected to close on June 21.

According to a statement, all of the shares will be offered by BPFH and will be issued under BPFH’s currently effective registration statement filed with the Securities and Exchange Commission.

BPFH said it intends to utilize the net proceeds from the offering to "strengthen the quality of its capital base and to support the redemption of its remaining TARP securities." Goldman, Sachs & Co. acted as the sole bookrunner and Keefe, Bruyette & Woods was the co-manager for the securities offering.