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Article: Boston Private Completes Acquisition of Charter Bank.
- Article from:
- Business Wire
- Article date:
- July 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- Boston Private Financial Holdings, Inc. (NASDAQ: BPFH), today announced that it completed its acquisition of Charter Financial Corporation, the bank holding company for Charter Bank, a Washington chartered commercial bank (referred together with Charter Financial as Charter Bank). The transaction is valued at approximately $72.0 million.
Founded in 1998, Charter Bank offers banking services for professionals and family-owned businesses throughout the Puget Sound region. As of March 31, 2007, Charter Bank had approximately $294 million in total assets, $227 million in total deposits and $3.0 million in net income for the year ending December 31, 2006. ...