Boston Private, a provider of wealth management, trust and private banking services, is set to launch a new office in the Los Angeles, California.
The new facility at 801 S. Figueroa Street will house the company’s West Coast commercial lending and community investment teams.
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Due to open on 1 June, the office will be the company’s 14th location on the West Coast.
The launch of the new facility is part of the company’s growth strategy in southern California, where it also has offices in Beverly Hills, Burbank, Encino, Granada Hills, Pasadena, Santa Monica and Westlake Village.
Boston Private director of community investment Esther Schlorholtz said: "We expect the new, central location to help generate more business opportunities, especially from those interested in accessing our community lending products and services.
"Besides better positioning us to reach local businesses and new home buyers, this location will expand opportunity to finance commercial properties that create or preserve affordable housing options, generate jobs and economic development, and promote the work of nonprofits engaged in human and social service initiatives."
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