Boston Private, a provider of wealth management, trust and private banking services, has launched its office in downtown Los Angeles, California.
The new facility will offer commercial lending, community development lending, business loans, residential mortgages, personal and business deposit and cash management solutions and services.
Boston Private director of community investment Esther Schlorholtz said: “Having invested over $2 billion in the communities we serve, Boston Private looks forward to growing our efforts in Los Angeles, especially financing affordable housing, businesses and nonprofit organizations.
“The new office will help us to promote greater vitality in the city and stimulate economic opportunity.”
The new Los Angeles office is the firm’s sixth in Southern California, with the other offices being located in Beverly Hills, Encino, Pasadena, Santa Monica and Westlake Village.