Boston Private to Sell 3 Pacific Northwest Offices to Sterling Financial
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “BPFH”) today announced that its wholly-owned subsidiary, Boston Private Bank & Trust Company, entered into an agreement to sell its three Pacific Northwest offices to Sterling Financial Corporation (NASDAQ: STSA) of Spokane, Washington.
The three offices are located in Seattle, Bellevue, and Redmond, Washington. As of September 30, 2012, the Pacific Northwest offices had approximately $270 million in gross loans and $190 million in deposits.
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