LOS ANGELES and BOSTON, May 9, 2016 /PRNewswire/ -- Boston Private, a leading provider of wealth management, trust and private banking services, today announces an expansion of its presence in the Los Angeles area with a new downtown location at 801 S. Figueroa Street. The office, set to open on June 1, will be Boston Private's 35th location and its 14th on the West Coast.
Part of a continuing growth strategy in southern California, the office will serve as home base to Boston Private's West Coast Commercial Lending and Community Investment teams, positioning the company to build upon the momentum of these groups' current initiatives and allowing the bank to work more closely with existing and prospective clients in the Los Angeles region.
"We expect the new, central location to help generate more business opportunities, especially from those interested in accessing our community lending products and services," said Esther Schlorholtz, director of community investment at Boston Private. "Besides better positioning us to reach local businesses and new home buyers, this location will expand opportunity to finance commercial properties that create or preserve affordable housing options, generate jobs and economic development, and promote the work of nonprofits engaged in human and social service initiatives."
"Downtown Los Angeles is an important market for us, as it affords the opportunity to strengthen strategic relationships within our core market segments, focusing initially on our commercial lending and community investment services," said Clayton Deutsch, CEO, Boston Private. "We are pleased with how our private banking model has been received by our Southern California clients and look forward to participating in the growth of the vibrant downtown Los Angeles community."
Boston Private also has Southern California offices in Beverly Hills, Burbank, Encino, Granada Hills, Pasadena, Santa Monica and Westlake Village. The firm also has plans to further build out the Los Angeles location in late-2016.
About Boston Private
Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.
Headquartered in Boston, Boston Private has 35 offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and Palm Beach. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.
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SOURCE Boston Private