SVB Welcomes Boston Private

Banking and wealth management focused on your unique journey.

Boston Private is now an SVB company


We are pleased to announce that SVB Financial Group’s acquisition of Boston Private has closed.

A message from Yvette Butler, President of SVB Private Banking & Wealth Management


SVB has completed the acquisition of Boston Private, a leading provider of wealth management, trust and banking services, and we’re excited to welcome Boston Private clients and employees to SVB Private Bank.

For nearly 40 years, SVB has helped new companies – and new ideas – grow and succeed. We have learned from and become a driving force in the innovation economy by supporting the entrepreneurs building new companies as well as the investors who finance them and the many others who help this economy thrive. With that knowledge comes unique insights and expertise that enable us to expand opportunities for our clients.

Together SVB and Boston Private are well positioned to meet and exceed your expectations of service and deliver the understanding, guidance and solutions to help build your wealth and expand opportunities for today and tomorrow.

Latest News


Read the latest news from SVB regarding the close of the acquisition.

Strengthening Communities and Expanding Opportunities


Continuing our commitment to small businesses, affordable housing and low- and moderate-income communities with an $11.2 billion investment over five years.

Frequently Asked Questions


We are committed to providing exceptional client service and ensuring a smooth transition for our clients. For additional questions, please contact your Relationship Manager or SVB Private Bank Client Service at 866.238.0872.

Will there be any changes to my main contacts at Boston Private or SVB Private Bank? 

 
No, your Relationship Manager, Wealth Advisor and team will not change. SVB and Boston Private will continue to operate as they do today until the companies are integrated, and you will continue to work with Boston Private and SVB relationship teams as you do now. Our commitment to putting clients first will continue to inform our decisions regarding our combined businesses and maintaining clients’ main points of contact.

Will my account number, wire instructions, routing number, auto-debit instructions, etc. change? 

 
No, not at this time. Your SVB and Boston Private accounts will continue to operate as they do today until the companies are integrated. Until then, you can expect no changes to your accounts and the way you work with us. As we integrate our two firms, you will be informed well in advance of any changes.

How long will the integration take?    

 
The integration of the two firms will take time, but we anticipate completing the majority of the work in 12-18 months. We expect to be able to offer access to some new products and services later this year and in early 2022.  Again, you will be informed well in advance of any changes.

How much notice will I be given about changes that may affect me? 

 
SVB Private Bank and Boston Private are committed to making sure this will be a smooth transition for you and we look forward to the enhanced offerings we will be able to deliver. In the immediate future, you can expect no changes to your accounts and the way you work with Boston Private and SVB Private Bank. As we integrate our two firms, you will be informed in advance of any changes.

What is the expected timing for the redesigned technology platform and availability of new products and solutions? 

 
The integration of the two firms will take time, but we anticipate completing the majority of the work in 12-18 months. We expect to be able to offer access to some new products and services later this year and in early 2022.  Again, you will be notified well in advance of any changes.

Can I visit an SVB office or ATM now to conduct my transactions with Boston Private? 

 
Boston Private clients may continue to use any ATM to make a withdrawal or check balances. No ATM fees are charged for these transactions, as Boston Private rebates all third-party ATM fees. We will notify you when you are able to use SVB branches for other banking services, such as deposits.

Can I use a Boston Private branch or ATM now to conduct my transactions with SVB? 

 
SVB Private Bank clients may continue to use any ATM, including Boston Private ATMs, to make a withdrawal or check balances. No ATM fees are charged for these transactions, as SVB rebates all third-party ATM fees. We will notify you when you are able to use Boston Private ATMs and visit Boston Private branches for other banking services, such as deposits.

Will any of the Boston Private branches close? 

 
We are in the process of evaluating our combined branch footprint and will make decisions about potential future closures on a case-by-case basis.

Will Boston Private’s name change? 

 
No, not at this time. However, you may notice a change to the Boston Private logo, which has been updated to reflect the relationship with SVB. References to SVB will also begin to appear in disclosure language and in some account documentation.

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Boston Private Bank and Trust Co. has been merged into and is now Silicon Valley Bank. Banking, lending, and trust products or services under the name Boston Private are offered by Silicon Valley Bank, a California bank with trust powers. Silicon Valley Bank is a member of the FDIC and of the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

SVB Wealth Advisory, Inc. (member FINRA and SIPC; SEC-registered investment adviser) offers brokerage and investment management products and services and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Boston Private Wealth LLC (an SEC-registered investment adviser) offers wealth management services and is also a wholly-owned, non-bank subsidiary of Silicon Valley Bank.

Investment Products offered by SVB Wealth Advisory and/or Boston Private are:

None of Silicon Valley Bank, SVB Wealth Advisory, Boston Private Wealth or any of their respective affiliates provide accounting or legal advice. Estate planning requires legal assistance. Please consult your tax or legal advisors for such guidance.

© 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. The Boston Private name, logo, and any related marks are trademarks of SVB Financial Group, used under license.

KLS, a division of SVB, became part of Silicon Valley Bank as part of its acquisition of Boston Private. Boston Private Wealth LLC (an SEC-registered investment adviser, including KLS), offers wealth management services and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank.