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Boston Private Bank & Trust Company

Based on 1 review
Boston Private Bank & Trust Company
Overview / Commentary
Ten Post Office Square
Boston, MA 02109

Boston Private Bank & Trust Company is headquartered in Boston and is the 3rd largest bank in the state of Massachusetts. It is also the 149th largest bank in the nation. It was established in 1983 and as of March of 2014, it had grown to 583 employees at 23 locations. Boston Private Bank & Trust Company has a A+ health rating.

Reviews (1)

Good Bye To My Bank

My wife and I had banked at a one branch San Francisco California bank for many years. We had a business in the City. They progressively added a few more branches but they did a reasonable job of maintaining a personal touch for both business and individuals.

They were bought out by Boston Private Bank and within a very short time the stopped being a service and business bank and became a classic east coast bureaucratic no-service bank. They eliminated services, added fees, and are now a very unfriendly bank, without any of the personal touch that Borel had.

We are now looking for another bank, although admittedly all banks seem to be very poor on individual customer service.

Another California business destroyed by out of state carpet baggers.

 



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Boston Private Bank & Trust Company had $43.57 million in non-current loans and owned real-estate with $660.48 million in equity and loan loss allowances on hand to cover it. This gives Boston Private Bank & Trust Company a Texas Ratio of 6.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Boston Private Bank & Trust Company decreased dramatically from 11.90% as of March 31, 2013 to 6.60% as of March 31, 2014, resulting in a positive change of 44.57%.This indicates that the balance sheet and financial strength for Boston Private Bank & Trust Company has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Boston Private Bank & Trust Company has increased its total deposits by $616.57 million, resulting in 12.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Boston Private Bank & Trust Company has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Boston Private Bank & Trust Company has $6.53 billion in assets with $660.48 million in equity, resulting in a capitalization level of 10.12%, which is above average.

Institution Statistics

Overall
FDIC Certificate #24811
Year Established1983
Employees583
Primary RegulatorFDIC
Assets and Liabilities
Assets$6.53 billion
Loans$5.09 billion
Deposits$5.39 billion
Equity Capital$583.88 million
Loan Loss Allowance$76.61 million
Unbacked Noncurrent Loans$42.65 million
Real Estate Owned$921,000
Historic Data - March 2013
Assets$6.01 billion
Equity Capital$555.32 million
Loan Loss Allowance$82.29 million
Unbacked Noncurrent Loans$42.65 million
Real Estate Owned$2.81 million
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets0.94%
Return on Equity10.34%
Interest Income$51.03 million
Rates

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Locations

Boston Private Bank & Trust Company has 23 locations. Click to view all Boston Private Bank & Trust Company locations.