Reports
Boston Private To Raise Capital, Repay Outstanding TARP Money
Boston Private Financial Holdings is planning to raise up to $40 million via a public share offering of common stock, as part of a plan to repay remaining TARP bailout funds.
The bank has made a formal registration about the share offering with the Securities and Exchange Commission. Goldman Sachs will be the lead underwriter and Keefe, Bruyette & Woods will be the co-manager for the proposed securities offering.
Boston Private offers private banking, wealth advisory and investment management services to the high net worth market.