SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Boston Private Financial Holdings, Inc. (Nasdaq – BPFH)

BALA CYNWYD – January 4, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Boston Private Financial Holdings, Inc. (“Boston Private” or the “Company”) (Nasdaq – BPFH) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by SVB Financial Group (“SVB”) (Nasdaq – SIVB). Under the terms of the agreement, Boston Private shareholders will receive only $2.10 per share in cash and 0.0228 shares of SVB common stock for each Boston Private share they own, which implies a total purchase price of $10.94 per Boston Private share based on SVB’s closing stock price of $387.83 on December 31, 2020.

The investigation concerns whether the Boston Private Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether SVB is paying too little for the Company. For example, the deal consideration is well below the 52-week high of $13.08 for Boston Private stock.

If you own shares of Boston Private stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.