US regional Charter Bank will change its name to Charter Private Bank.
The bank said the move is in keeping with its transition from a singularly-focused community bank to a locally-based private banking enterprise providing comprehensive financial services targeting successful individuals, families and their businesses in Washington State.
Charter president and chief executive Jim Garvey said: “We have always been a relationship bank but with the addition of services including our private banking suite, the bank is able to strengthen and broaden its relationship with its clients.”
Charter Private Bank is part of Boston Private Financial Holdings (BPFH). In the fourth quarter of 2009, BPFH had assets under management of $18.5bn.