Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
If you follow the banking sector, then I don t need to tell you that
SVB Financial Group (NASDAQ:SIVB), the parent company of Silicon Valley Bank, has been on an absolute tear for more than a year. Before the pandemic, the bank traded at roughly $246 per share, a price it had earned after a long run of phenomenal performance. But the pandemic catapulted the tech and start-up banking powerhouse to the next level, and now SVB trades around $573. That s more than 350% of tangible book value (equity minus goodwill and intangible assets), which is a high valuation in banking.
Boston Private shareholders approve sale to SVB Financial
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Boston Private to make second attempt at investor approval for SVB deal
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Seattle-Based Coldstream, Paracle Combine to Create $5.7B RIA The merger of Coldstream Wealth Management and Paracle Advisors was done without private equity or outside equity capital and preserves its employee ownership structure.
Two Seattle-area registered investment advisors are coming together to create a $5.7 billion wealth management firm. Seattle-based Coldstream Wealth Management, with $4.3 billion in client assets, announced it will merge with Mercer Island, Wash.–based Paracle Advisors, an RIA with about $1.4 billion in client assets, under the Coldstream brand. The deal was completed with no private equity or outside equity capital, and the combined firm will remain 100% employee-owned.
“When we talk about private equity and the consolidators and the different options available to RIA business owners to deal with some of these issues around succession planning and the need to scale, we believe it’s really important and unique, as we learned from our experi
SVB Financial Group Reiterates That It Will Not Increase Purchase Price for Boston Private
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SANTA CLARA, Calif., April 30, 2021 /PRNewswire/ SVB Financial Group ( SVB ) (NASDAQ: SIVB) remains fully committed to the merger with Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) and looks forward to completing the transaction. However, in response to HoldCo Asset Management s letter, SVB is reiterating that under no circumstance will it increase the purchase price, including if the deal is not approved by Boston Private s shareholders.
About SVB Financial Group
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment ser