First Private Bank & Trust Changes Name

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First Private Bank & Trust announced Friday it will become Boston Private Bank & Trust following the merger of its bank charter with its parent company.

Publicly held Boston-based Boston Private Financial Holdings Inc. has completed the consolidation of Boston Private Bank & Trust with Encino-based First Private and three other private banks in Northern California, New England and the Pacific Northwest.

The consolidated bank has nearly $6 billion of total assets, more than $450 million of capital, and more than $3.5 billion of client assets under management.

“Our clients will continue to receive the distinctive personal service that they have come to expect from our local staff, and our connections with our local community will remain as strong as ever,” V. Charles Jackson, chief executive of the Encino bank, said in a statement. “At the same time, our clients will be able to take advantage of new products, service offerings, and offices available through the broader Boston Private Bank & Trust network.”

The change in the bank’s name will not impact current office operations or client accounts, Jackson said.

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