SVB Monetary Team To Get Boston Non-public, A Leading Service provider Of Prosperity Management, Have confidence in And Banking Products and services

SANTA CLARA, Calif. and BOSTON, Jan. 4, 2021 /PRNewswire/ — SVB Fiscal Group (“SVB”) (NASDAQ: SIVB), the mum or dad of Silicon Valley Bank, the bank of the world’s most ground breaking organizations and their traders, and Boston Non-public Money Holdings, Inc. (“Boston Private”)(NASDAQ: BPFH), the dad or mum business of Boston Personal Lender & Have faith in Organization, a top service provider of integrated prosperity administration, belief and banking products and services to people, family members, companies and nonprofits, these days introduced that they have entered into a definitive merger agreement pursuant to which SVB will get Boston Non-public. Put together non-public bank and wealth administration belongings underneath administration would be $17.7 billion, dependent on 9/30/20 figures.

Underneath the terms of the merger arrangement, Boston Non-public shareholders will receive .0228 shares of SVB popular stock and $2.10 of money for each Boston Non-public share they personal, symbolizing a full thing to consider price of approximately $900 million based mostly on SVB’s closing stock value of $387.83 on December 31, 2020.

SVB’s vision is to be the leading monetary spouse for the innovation financial system, supplying organizations, business people and their investors the solutions they require to succeed via four core enterprises: professional banking, expense banking, private banking and prosperity administration and fund management. The acquisition of Boston Non-public accelerates SVB’s non-public financial institution and wealth management supplying, strengthening SVB’s all round platform and potential to totally fulfill the economical requirements of its consumers.

“Our consumers count on us to aid improve the probability of their achievements – each in their business and private lives,” mentioned Greg Becker, President and CEO of SVB Money Group. “Boston Private’s professional and perfectly-regarded staff, robust services presenting, and advanced technologies system will substantially bolster our non-public financial institution and wealth administration abilities and improve our potential to offer products and products and services tailored to the needs of founders, executives and buyers.”

Boston Personal offers a full spectrum of prosperity, belief, and personal banking services focused to encouraging clients simplify and reinforce their money positions. With Boston Private’s product or service suite and just lately redesigned engineering system, SVB can extend its present wealth management solutions, which include elaborate techniques to handle concentrated inventory positions, to add tax planning, trust services, philanthropy and estate preparing, whilst presenting a drastically improved electronic customer practical experience. Boston Private’s clients will advantage from increased access to financial investment opportunities and participation in the innovation economic system, as nicely as the energy of SVB’s huge balance sheet to guidance their borrowing wants.

“Together, SVB and Boston Non-public will be well-positioned to grow and scale our small business, leveraging SVB’s deep client interactions and wide achieve across the innovation economic climate to seize a increased share of the wealth administration current market,” said Anthony DeChellis, CEO of Boston Non-public. “We glance forward to performing together to help our customers as they pursue the plans they have for their corporations, family members and legacies.”

SVB and Boston Non-public at present serve consumers in complementary main metropolitan markets with an approach that has gained the two corporations business-top Web Promoter Scores.

Timing and Approvals
The transaction has been unanimously accepted by the two companies’ Boards of Administrators and is envisioned to shut in mid-2021, subject matter to the fulfillment of customary closing disorders, which includes receipt of customary regulatory approvals and acceptance by the shareholders of Boston Personal.

Advisors
Goldman Sachs & Co. LLC acted as economical advisor to SVB in the transaction. Sullivan & Cromwell LLP served as lawful counsel to SVB. Morgan Stanley & Co. LLC acted as financial advisor to Boston Non-public and Wachtell, Lipton, Rosen & Katz served as legal counsel.

Trader Conference Connect with Details
SVB has submitted an 8-K with the SEC containing a duplicate of an investor presentation deck, which will also be posted on the Trader Relations segment of its site at svb.com. The enterprise will maintain an trader simply call at 2:45 p.m. Pacific Time now to examine the announcement.

Dial-in information: (888) 424-8151 or (847) 585-4422, Confirmation 9380 690

Webcast and slides: Obtain a webcast of the phone with accompanying slides listed here or by way of SVB’s trader relations web page at http://ir.svb.com

Replay: A replay of the get in touch with will be offered at http://ir.svb.com for 12 months.

About SVB Economical Team
For more than 35 many years, SVB Financial Team (NASDAQ: SIVB) and its subsidiaries have helped modern providers and their investors transfer daring concepts ahead, quickly. SVB Financial Group’s organizations, which includes Silicon Valley Financial institution, give professional and private banking, asset management, non-public wealth management, brokerage and investment expert services and cash management products and services to providers in the technological know-how, lifestyle science and health care, non-public equity and undertaking cash, and premium wine industries. Headquartered in Santa Clara, California, SVB Economical Group operates in facilities of innovation around the entire world. Find out much more at svb.com.

SVB Economic Team is the keeping business for all enterprise models and teams © 2021 SVB Money Group. All legal rights reserved. SVB, SVB Fiscal Team, SILICON VALLEY Lender, MAKE Subsequent Take place NOW and the chevron gadget are logos of SVB Economical Group, utilised underneath license. Silicon Valley Financial institution is a member of the FDIC and the Federal Reserve Technique. Silicon Valley Lender is the California bank subsidiary of SVB Fiscal Group. [SIVB-F]

About Boston Personal
Boston Private is a main provider of integrated prosperity administration, belief and banking solutions to men and women, households, organizations and nonprofits. For much more than 30 several years, Boston Private has sent complete suggestions coupled with deep complex experience to assistance customers simplify their lives and achieve their plans. The firm presents the abilities of a huge institution with the superior services of a boutique business to shoppers throughout the United States. Boston Personal is the company brand name of Boston Non-public Monetary Holdings, Inc. (NASDAQ: BPFH). For extra facts, take a look at www.bostonprivate.com.

Forward-Wanting Statements
This interaction has forward-searching statements within the meaning of the Personal Securities Litigation Reform Act of 1995 together with but not restricted to SVB’s and/or Boston Private’s expectations or predictions of long run financial or organization performance or circumstances. Forward-searching statements are usually discovered by phrases these kinds of as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by potential conditional verbs this sort of as “will,” “would,” “should,” “could” or “may”, or by variants of these kinds of words or by very similar expressions. These forward-searching statements are subject matter to numerous assumptions, pitfalls and uncertainties, which modify more than time. Ahead-wanting statements communicate only as of the day they are manufactured and we believe no duty to update ahead-seeking statements. True success may vary materially from recent projections. In addition to variables beforehand disclosed in SVB’s and Boston Private’s studies filed with the U.S. Securities and Exchange Commission (the “SEC”) and people determined elsewhere in this doc, the following things, among some others, could bring about precise benefits to differ materially from forward-wanting statements or historical functionality: capability to acquire regulatory approvals and fulfill other closing disorders to the merger, which include approval by Boston Private’s shareholders on the predicted terms and schedule hold off in closing the merger the result of any legal proceedings that may perhaps be instituted from SVB or Boston Non-public the prevalence of any party, modify or other circumstance that could give increase to the proper of a person or both equally parties to terminate the merger settlement supplying for the merger complications and delays in integrating Boston Private’s business enterprise or fully knowing price savings and other positive aspects organization disruption following the merger adjustments in asset high-quality and credit history threat the incapacity to sustain income and earnings growth the inability to retain current Boston Non-public shoppers the incapability to retain Boston Private workforce improvements in interest fees and money markets inflation purchaser borrowing, reimbursement, financial commitment and deposit tactics client disintermediation the introduction, withdrawal, accomplishment and timing of small business initiatives competitive disorders the inability to notice price tag personal savings or revenues or to employ integration ideas and other consequences affiliated with mergers, acquisitions and divestitures economic conditions the affect, extent and timing of technological variations, money administration routines, and other actions of the Federal Reserve Board and legislative and regulatory steps and reforms and the effect of the worldwide COVID-19 pandemic on SVB’s and/or Boston Private’s enterprises, the capacity to entire the proposed merger and/or any of the other foregoing hazards. Annualized, pro forma, projected and approximated quantities are utilized for illustrative function only, are not forecasts and may possibly not replicate precise success.

Significant Extra Details and Where to Discover It
In connection with the proposed merger, SVB will file with the SEC a Registration Statement on Variety S-4 that will consist of a Proxy Statement of Boston Private and a Prospectus of SVB, as properly as other suitable files concerning the proposed transaction. The proposed merger involving Boston Personal and SVB will be submitted to Boston Private’s shareholders for their thought. This interaction does not represent an present to offer or the solicitation of an give to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which this sort of give, solicitation or sale would be illegal prior to registration or qualification less than the securities legal guidelines of any these kinds of jurisdiction. Investors AND SHAREHOLDERS OF BOSTON Non-public ARE URGED TO Examine THE REGISTRATION Assertion AND THE PROXY Assertion/PROSPECTUS About THE MERGER WHEN IT Results in being Obtainable AND ANY OTHER Related Documents Filed WITH THE SEC, AS Nicely AS ANY AMENDMENTS OR Nutritional supplements TO Those people Documents, Since THEY WILL Comprise Crucial Facts.

A no cost duplicate of the Proxy Statement/Prospectus, as properly as other filings that contains information and facts about SVB and Boston Non-public, may well be received at the SEC’s Web web-site ( http://www.sec.gov ). Copies of documents submitted with the SEC by SVB will be created accessible free of charge of charge on SVB’s website at http://ir.svb.com or by making contact with SVB’s Trader Relations office at 408.654.7400 3005 Tasman Generate, Santa Clara, CA 95054 or [email protected]. Copies of files filed with the SEC by Boston Private will be made readily available totally free of demand on Boston Private’s internet site at http://ir.bostonprivate.com or by speaking to Boston Private’s Trader Relations division at 617.912.4386 10 Article Business Sq., Boston, MA 02109 or [email protected].

Members in the Solicitation
SVB, Boston Personal and sure of their respective directors and executive officers may well be deemed to be contributors in the solicitation of proxies from the shareholders of Boston Non-public in connection with the proposed merger. Information and facts about the administrators and government officers of SVB is established forth in the proxy statement for SVB’s 2020 Annual Assembly of Stockholders, which was filed with the SEC on March 9, 2020, and other files submitted by SVB with the SEC. Information and facts about the administrators and government officers of Boston Personal is established forth in the proxy assertion for Boston Private’s 2020 Yearly Conference of Shareholders, which was filed with the SEC on March 16, 2020, and other paperwork submitted by Boston Personal with the SEC. Added information regarding the pursuits of those people participants and other persons who may well be deemed contributors in the transaction may be obtained by examining the Proxy Assertion/Prospectus relating to the proposed merger when it gets available. Totally free copies of this doc might be received as described in the preceding paragraph.

Investor Contacts:
Meghan O’Leary
Investor Relations
SVB Fiscal Team
[email protected]

Adam Bromley
Investor Relations
Boston Non-public
[email protected]

Media Contacts:
Eileen Nolan
Community Relations
SVB Monetary Team
[email protected]

Brian Schaffer
Prosek Associates for SVB Financial Group
[email protected]

Lucy Muscarella
Public Relations
Boston Personal
[email protected]

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Source Silicon Valley Financial institution