821127--3/11/2009--BOSTON_PRIVATE_FINANCIAL_HOLDINGS

related topics

{loan, real, estate}

{condition, economic, financial}

{personnel, key, retain}

{stock, price, share}

{acquisition, growth, future}

{tax, income, asset}

{debt, indebtedness, cash}

{regulation, government, change}

{loss, insurance, financial}

{investment, property, distribution}

{provision, law, control}

{regulation, change, law}

{competitive, industry, competition}

Recent market volatility has impacted and may continue to impact our business and the value of our common stock. Market conditions and other factors have affected and may continue to affect the value of our common stock. If we are required to write down goodwill and other intangible assets our financial condition and results of operations would be negatively affected. Our business strategy contemplates significant growth and there are challenges and risks inherent in such a growth strategy. In connection with our acquisitions and to the extent that we acquire other companies in the future, our business may be negatively impacted by certain risks inherent in such acquisitions. We utilize a decentralized management structure, which affects our ability to manage and control our subsidiaries. We may be unable to attract and retain key personnel. Competition in the local banking industry may impair our ability to attract and retain banking customers at current levels. Fluctuations in interest rates may negatively impact our banking business. Our cost of funds for banking operations may increase as a result of general economic conditions, interest rates and competitive pressures. Defaults in the repayment of loans may negatively impact our business. A downturn in local economies or real estate markets could negatively impact our banking business. Environmental liability associated with commercial lending could result in losses. Prepayments of loans may negatively impact our business. Our banking business is highly regulated, which could limit or restrict our activities and impose financial requirements or limitations on the conduct of our business. The recent increase in FDIC deposit insurance premiums will increase our non-interest expense. The value of our investment in FHLB stock may be reduced. We may not be able to attract and retain investment management and wealth advisory clients at current levels. Our investment management business is highly dependent on people to produce investment returns and to solicit and retain clients. Our investment management business may be negatively impacted by changes in economic and market conditions. Our investment management and wealth advisory businesses are highly regulated, and the regulators have the ability to limit or restrict our activities and impose fines or suspensions on the conduct of our business. We are a holding company and depend on our subsidiaries for dividends, distributions and other payments. The market price and trading volume of our common stock may be volatile. Our stockholders may not receive dividends on the common stock. Future offerings of debt, which would be senior to our common stock upon liquidation, and/or preferred equity securities which may be senior to our common stock for purposes of dividend distributions or upon liquidation, may adversely affect the market price of our common stock. Anti-takeover provisions could negatively impact our stockholders.

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821127--3/11/2009--BOSTON_PRIVATE_FINANCIAL_HOLDINGS_INC