West Coast Boston Private affiliate gets a new CEO

Nick Parmee

2 September 2009

Jackson hands reins to Garvey ahead of his planned retirement next year. Bellevue, Wash.-based Charter Bankhas appointed James Garvey as CEO ahead of Keith Jackson`s scheduled retirement in 2010.

Garvey was hired as president and COO of Charter Bank, a subsidiary of Boston Private Financial Holdings(BPFH), two months ago from Worcester, Mass.-based Flagship Bank and Trust , where he had been president CEO for eight years.

"I am extremely excited to assume this new role at the bank as we set our sights on continued growth amidst signs of an improving economic environment," says Garvey. "We will continue to expand our private banking business and capitalise on opportunities to serve the high net worth market throughout the region."

Charter Bank, which provides commercial- and private-banking services to business owners, has branches in and around Seattle.

BPFH acquired Charter Bank in a $71-billion cash-and-stock deal completed in the summer of 2007. -FWR

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