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SANTA CLARA, Calif. and BOSTON, May 20, 2021 /PRNewswire/ SVB Financial Group ( SVB ) (NASDAQ: SIVB), the parent of Silicon Valley Bank, the bank of the world s most innovative companies and their investors, today announced a proposed five-year, $11.2 billion community benefits plan that builds on its long-standing commitment toward helping small businesses, financing affordable housing, reinvesting in low- and moderate-income ( LMI ) communities and supporting the greater good through philanthropy and volunteering. The plan was developed in collaboration with the California Reinvestment Coalition ( CRC ), The Greenlining Institute, Massachusetts Affordable Housing Alliance ( MAHA ) and Massachusetts Association of Community Development Corporations ( MACDC ), based on anticipated growth resulting from and subject to the completion of SVB s pending acquisition of Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH), the
Boston Private, SVB Merger to Come with $11 2B Community Plan bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
SVB Financial Group Reiterates That It Will Not Increase Purchase Price for Boston Private
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SANTA CLARA, Calif., April 30, 2021 /PRNewswire/ SVB Financial Group ( SVB ) (NASDAQ: SIVB) remains fully committed to the merger with Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) and looks forward to completing the transaction. However, in response to HoldCo Asset Management s letter, SVB is reiterating that under no circumstance will it increase the purchase price, including if the deal is not approved by Boston Private s shareholders.
About SVB Financial Group
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment ser
Boston Private delays vote; Silicon Valley Bank deal hangs in balance - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
SVB Financial Group Confirms Announced Purchase Price for Boston Private is Best and Final
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SANTA CLARA, Calif., April 27, 2021 /PRNewswire/ On April 27, 2021 Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) adjourned its special meeting of shareholders until May 4, 2021 to solicit additional votes in support of the merger between Boston Private and SVB Financial Group ( SVB ) (NASDAQ: SIVB). To provide clarity to Boston Private shareholders, SVB is confirming it will not increase the purchase price if Boston Private shareholders do not approve the transaction at the adjourned meeting.
About SVB Financial Group