Boston Private, SVB Merger to Come with $11.2B Community Plan

As part of its acquisition of Boston Private, the parent of Silicon Valley Bank has proposed a five-year, $11.2 billion community benefits plan that was developed in collaboration with the Massachusetts Affordable Housing Alliance (MAHA) and Massachusetts Association of Community Development Corporations (MACDC).

How Close Was the Boston Private-SVB Merger Vote?

While an overwhelming majority of the shares involved in Boston Private’s special meeting yesterday voted in favor of the bank’s planned merger with the parent company of Silicon Valley Bank, nearly 20 percent of outstanding shares did not participate, resulting in a close vote.

Boston Private Delays Merger Vote Until Next Week

In a move one of its shareholders called “manipulative tactics,” Boston Private decided to wait another week before holding a vote on the proposed merger with Silicon Valley Bank and adjourned Tuesday morning’s special shareholder meeting without conducting any business.

Finding Wealth Management Opportunities in Boston

While military special operations might bring to mind Navy SEALs and anti-terrorism missions, David Murphy’s military service gave him access to a quieter side of the special operations community and helped him develop a key skill for his work as a wealth manager: listening to clients.