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Merger Notification

Division of Banks

SILICON VALLEY BANK, Santa Clara, California has petitioned the Commissioner of Banks for approval to merge with BOSTON PRIVATE BANK & TRUST COMPANY (BOSTON PRIVATE), Boston, Massachusetts in a multi-step transaction. Under the terms of an Agreement and Plan of Merger, BOSTON PRIVATE will merge with and into SILICON VALLEY BANK under the charter, bylaws, and name of SILICON VALLEY BANK. The main office of SILICON VALLEY BANK would remain the main office of the continuing institution and the banking offices of BOSTON PRIVATE would be retained as branch offices of SILICON VALLEY BANK. This multi-step transaction also includes the merger of BOSTON PRIVATE FINANCIAL HOLDINGS, INC., the holding company for BOSTON PRIVATE, with and into SVB FINANCIAL GROUP, the holding company for SILICON VALLEY BANK. BOSTON PRIVATE has separately petitioned the Commissioner of Banks for permission to close branch offices located at 1666 Massachusetts Avenue, Lexington, Massachusetts and at 800 Boylston Street, Suite 177, Boston, Massachusetts.

Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to no later than May 4, 2021. A public hearing may be held if the response is considered significant or circumstances warrant such a hearing, as determined by the Commissioner. The application and all communications relative to this application are available from the Division by request at

Commissioner of Banks