SVB Financial Group, Santa Clara, California -- (1) to merge with Boston Private Financial Holdings, Inc., Boston, Massachusetts, and thereby indirectly acquire Boston Private Bank & Trust Company (BP Bank); (2) for Silicon Valley Bank (SVB Bank), Santa Clara, California, to merge with BP Bank and establish branches at the main-office and branch locations of BP Bank; and (3) for SVB Bank to change the general character of its business to engage in trust activities.
-Approved, June 9, 2021