Boston Private Financial Holdings, Inc. · Boston, MA United States ·(NASDAQ (GS): BPFH)
Company Description
Phone: 617-912-1900
Fax: 617-912-4550
Rankings
- S&P 600
View Boston Private Financial Holdings, Inc. Locations On A US Map
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This link will open in a new window Boston Private -- isn't that David Kelley's new TV series? Not exactly. The holding company owns several private banks and investment management companies that primarily serve wealthy and institutional clients on both US coasts. Offerings include deposit accounts, loans, trust services, and financial advice. Boston Private Bank & Trust operates about 10 branches in Massachusetts. In California, the company runs Borel Private Bank & Trust and First Private Bank & Trust. In 2007 it acquired Washington-based Charter Bank for about $80 million. Boston Private sold Gibraltar Private Bank & Trust, which serves southern Florida and New York City, to private investors in 2009. To read the full description, subscribe now.
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Key Boston Private Financial Holdings, Inc. Financials
| Company Type | Public - NASDAQ (GS): BPFH Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $431.5 |
| 2008 Employees | 1,220 |
Boston Private Financial Holdings, Inc. Executives
62 executives listed for Boston Private Financial Holdings, Inc.'s Boston, MA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Timothy Vaill | Network |
| Vice Chairman and President | Walter Pressey | Network |
| EVP and CFO | David Kaye | Network |
Competition
Competitive Landscape for Boston Private Financial Holdings, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Boston Private Financial Holdings, Inc. Competitors
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