Attached files

file filename
8-K - FORM 8-K - BOSTON PRIVATE FINANCIAL HOLDINGS INCd8k.htm
EX-99.1 - PRESS RELEASE - BOSTON PRIVATE FINANCIAL HOLDINGS INCdex991.htm

Exhibit 99.2

LOGO

WELCOME

[Bank Name] Has A New Name: Boston Private Bank & Trust Company

Our name may be new, but our mission and client-centered culture will stay the same. This means that, in addition to the distinctive local and personal service you have come to expect from us, you will also have access to a much broader and stronger wealth management and private banking organization with a host of new benefits and services. In particular, this partnership extends our capabilities in areas including residential lending, commercial banking, investment management and trust, and cash management and deposit services. You also gain access to Boston Private affiliated private banking offices in [Pick three: New England, Southern California, San Francisco Bay Area, Pacific Northwest]

A deep partnership with Boston Private has already been in place for years and integration with the Boston Private banking group, a network of client-centered private banking and wealth management organizations, is a natural progression for this relationship. Essentially, this consolidation is a removal of the borders between the banks and the unification of what we have already been doing for some time. Together, we are part of an even stronger company with deep wealth management skills and capabilities. The consolidated Bank has nearly $6 billion of total assets, more than $450 million of capital strength, and over $3.5 billion of client assets under management.

PRO FORMA STATEMENT OF FINANCIAL CONDITION

 

PRO FORMA CONDENSED BALANCE SHEET

 

(Unaudited)

($ In Thousands)

   As of March 31, 2011  

Assets

  

Cash and Cash Equivalents

   $ 351,398   

Investment Securities

     784,744   

Loans Held for Sale

     2,833   

Commercial Loans

     2,318,037   

Construction and Land Loans

     126,408   

Mortgage Loans

     1,714,530   

Home Equity & Other Loans

     296,061   
        

Total Loans

     4,455,036   

Less: Allowance for Loan Losses

     100,282   
        

Net Loans

     4,354,754   

Other Assets

     268,711   
        

Total Assets

   $ 5,762,440   
        
  

Liabilities & Equity

  

Demand Deposits

   $ 1,084,828   

NOW Accounts

     357,222   

Savings & Money Market

     2,146,108   

Certificates of Deposit

     1,045,302   
        

Total Deposits

     4,633,460   

Borrowings

     622,092   

Other Liabilities

     36,918   
        

Total Liabilities

     5,292,470   
        

Total Equity

     469,970   
        

Total Liabilities & Equity

   $ 5,762,440   
        

PRO FORMA CONDENSED STATEMENT OF INCOME

 

(Unaudited)

($ In Thousands)

  For the three months
ended March 31, 2011
 

Interest Income

  $ 57,130   

Interest Expense

    11,621   
       

Net Interest Income

    45,509   

Provision for Loan Losses

    13,350   
       

Net Interest Income after Provision

    32,159   

Investment Management and Trust Fees

    5,863   

Banking Fees and Other Income

    2,737   

Operating Expenses

    38,274   
       

Income Before Income Tax Benefit

    2,485   

Income Tax Benefit

    (274
       

Net Income

  $ 2,759   
       

SELECTED FINANCIAL DATA

 

(Unaudited)

($ In Thousands)

  As of and for
the three  months
ended March 31, 2011
 
 

Assets Under Management

  $ 3,670,000   

Return on Average Equity

    2.3

Net Interest Margin (FTE)

    3.30

Allowance for Loan Losses/Total Loans

    2.25

Pro Forma Tier I Capital Ratio

    7.77
 

 

LOGO


LOGO

OFFICE LOCATIONS

 

New England

Boston Office

Ten Post Office Square

Boston, MA 02109

Phone: (617) 912-1900

 

Back Bay Office

500 Boylston Street

Boston, MA 02116

Phone: (617) 912-4500

 

Beverly Office

57 Enon Street, Route 1A

Beverly, MA 01915

Phone: (978) 922-8000

 

Brookline Office

1295A Beacon Street

Brookline, MA 02446

Phone: (617) 739-0002

 

Hingham Office

7 Central Street

Hingham, MA 02043

Phone: (781) 740-2405

 

Jamaica Plain Loan Center

401c Centre Street

Jamaica Plain, MA 02130

Phone: (617) 524-6050

 

Kendall Square Office

One Cambridge Center

Cambridge, MA 02142

Phone: (617) 646-4800

 

Lexington Office

1666 Massachusetts Avenue

Lexington, MA 02420

Phone: (617) 912-3600

 

Newton Centre Office

1223 Centre Street

Newton, MA 02459

Phone: (617) 646-4850

 

Seaport Office

157 Seaport Boulevard

Boston, MA 02210

Phone: (617) 646-4880

 

Wellesley Office

336 Washington Street

Wellesley, MA 02481

Phone: (781) 707-7700

 

Southern California

Burbank Office

333 N. Glenoaks Blvd.

Burbank, CA 91502

Phone: (818) 842-9191

 

Encino Office

16000 Ventura Blvd.

Encino, CA 91436

Office: (818) 501-1700

 

Granada Hills Office

10820 Zelzah Avenue

Granada Hills, CA 91344

Phone: (818) 832-3800

 

Santa Monica Office

520 Broadway

Santa Monica, CA 90401

Phone: (310) 899-2620

 

Westlake Village Office

2835 Townsgate Road

Westlake Village, CA 91361

Phone: (805) 230-2778

 

San Francisco Bay Area

Burlingame

1440 Chapin Avenue

Burlingame, CA 94010

Phone: (650) 375-6000

 

Los Altos

345 S. San Antonio Road

Los Altos, CA 94022

Phone: (650) 917-4600

 

San Francisco

433 California Street

San Francisco, CA 94104

Phone: (415) 402-5900

 

San Mateo

160 Bovet Road

San Mateo, CA 94402

Phone: (650) 378-3700

 

Palo Alto

245 Lytton Avenue

Palo Alto, CA 94301

Phone: (650) 463-8700

 

Pacific Northwest

Bellevue

10885 N.E. 4th Street, Suite 100

Bellevue, WA 98004

Phone: (425) 586-5000

 

Redmond

7536 164th Avenue NE

Redmond, WA 98052

Phone: (425) 882-3535

 

Seattle

1325 4th Avenue, Suite 1700

Seattle, WA 98101

Phone: (206) 774-5400

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
As of 5/27/2011    

LOGO