Boston Private Bank & Trust Company is headquartered in Boston and is the 5th largest bank in the state of Massachusetts. It is also the 162nd largest bank in the nation. It was established in 1983 and as of June of 2020, it had grown to 778 employees at 23 locations. Boston Private Bank & Trust Company has an A health rating.
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.
|FDIC Certificate #||24811|
|Return on Assets - YTD||0.08%|
|Return on Equity - YTD||0.78%|
|Annual Interest Income||$142.1MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$9.13B$8.62B|
|Loans||Q2 2020vs Q2 2019||$7.25B$7.01B|
|Deposits||Q2 2020vs Q2 2019||$7.48B$6.49B|
|Equity Capital||Q2 2020vs Q2 2019||$869.0MM$817.3MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$89.3MM$75.1MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$25.7MM$18.1MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$0|
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