Boston Private Announces Executive Leadership Promotion

George Schwartz, President of Boston Private Bank & Trust Company, assumes the newly created position of CEO of the Private Banking Group, reporting directly to Clayton G. Deutsch, CEO of Boston Private. Mr. Schwartz joined Boston Private Bank’s leadership team in 1998 and has helped lead its expansion from $300 million to $7 billion. He has held the positions of Chief Operating Officer and Treasurer, and has been responsible over that time for deposit management, CRA, mortgage, trust, treasury, marketing, technology, geographic expansion and developing the Bank’s client service model.

In his new role, Mr. Schwartz is responsible for the overall strategic direction of the Private Banking Group, including the Deposit & Cash Management, Residential Mortgage and Commercial Lending business lines.

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 high-net-worth 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 34 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.

Boston Private Bank & Trust Company is a subsidiary of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more information, visit www.bostonprivate.com.