Federal Judge Dismisses Lawsuit Against Boston Private
More than a year after Boston Private was acquired by the parent company of Silicon Valley Bank, a federal judge in Boston has dismissed a proposed class action lawsuit filed by shareholders.
Former Boston Private Wealth Team Begins to Grow
Silicon Valley Bank is starting to spool up the combined entities’ wealth management business and targeting a total of $23 billion in assets under management by the end of the year.
SVB Completes Acquision of Boston Private
The first of several acquisitions involving Boston-area banks is now complete, with Boston Private closing its sale to SVB Financial Group, the parent company of California-based Silicon Valley Bank.
Fed Approves Boston Private, Silicon Valley Bank Deal
Greater Boston moved closer yesterday to seeing its first completed bank merger of 2021 when the Federal Reserve Board approved Boston Private’s acquisition by the parent company of Silicon Valley Bank.
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 Says Shareholders Approve Merger with SVB
Boston Private’s shareholders have approved the merger with the parent company of Silicon Valley Bank after the bank delayed the vote for a week to gather more support for the deal.
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.
Boston Private Gets Proxy Advisors’ Backing Ahead of Vote
As HoldCo Asset Management continues its efforts to block Boston Private’s merger with Silicon Valley Bank, three independent proxy advisory firms have recommended that shareholders vote in favor of the deal.
Boston Private: Silicon Valley Bank Wasn’t Only Potential Bidder
Less than three weeks before the shareholder meeting to decide whether Boston Private goes ahead with its proposed sale to the parent company of Silicon Valley Bank, Boston Private’s board of directors has again responded to an investor’s attempt to stop the transaction.
Boston Private Shareholder Opposes Merger Ahead of Vote
Boston Private Financial Holdings will hold a vote on its proposed merger with Silicon Valley Bank in late April, and shareholders can expect to receive dueling recommendations on whether the deal should go through.
Shareholder Denounces Boston Private’s Sale Plans
A day after Boston Private Financial Holding agreed to be acquired by the parent company of Silicon Valley Bank, one of Boston Private’s investors sent an open letter to the bank with concerns about “the integrity of the process undertaken by BPFH to maximize value for shareholders.”
SVB Looking for Growth in Boston Private Deal
The parent company of California-based Silicon Valley Bank is looking at potential growth rather than cost savings in its decision to acquire Boston Private Bank.
