Treasury Department Announces Public Offering of 2.9M Warrants of Boston Private Financial Holdings

The U.S. Department of the Treasury announced today that it has commenced a secondary public offering of 2,887,500 warrants to purchase the common stock of Boston Private Financial Holdings, Inc. BPFH. The proceeds of this sale will provide an additional return to the American taxpayer from Treasury's investment in the Company beyond the dividend payments it received on the related preferred stock. The offering is expected to price through a modified Dutch auction. Deutsche Bank Securities Inc. is the sole book-running manager for this offering.