SAN MATEO, Calif., June 18 /PRNewswire/ -- Borel Private Bank & Trust
Company today announced the appointment of Sherie Dodsworth as Chairman.
Dodsworth, who has served on Borel's Board of Directors since 1999, will work
closely with CEO John Conover in shaping the bank's strategic direction.
    Dodsworth is a CPA with more than 25 years of experience in both the
private and public sectors.  She is currently president of ROI Assistance, a
financial management consulting firm she founded in January 2001.  Previously,
Dodsworth worked for Insweb Corporation, an online insurance marketplace,
where she held the positions of CFO and Senior Vice President of Finance and
Administration.  Dodsworth is a graduate of St. Mary's College Moraga and is
currently a member of their Board of Trustees.
    "Sherie has been invaluable to Borel as a leader and board member. I look
forward to working with her more closely in her new role of Board
chairperson," said Conover.
    "Borel's success has been its personal touch with the local community,
offering a local alternative to large, merged multi-state banks. I'm proud to
carry on that legacy and commitment to Borel's clients while working very
closely with senior executives and leveraging the talent on the board," noted
Dodsworth.
    Timothy Vaill, Chairman and CEO of Boston Private Financial Holdings, Inc.
(Nasdaq: BPFH) which purchased Borel in 2001, said "Sherie is an excellent
businesswoman and is well-regarded in the Bay Area. Since joining Borel's
board, she has worked closely with the bank's audit and trust committees and
is well regarded by senior management. We are looking forward to Sherie's
leadership."

    About Borel Private Bank & Trust Company
    Founded in 1980, Borel Private Bank & Trust Company is a private bank with
offices in San Mateo and Palo Alto, California. Borel is scheduled to open its
new San Francisco Office in July 2004. Borel Private Bank is a wholly- owned
subsidiary of Boston Private Financial Holdings, Inc.  Borel provides a full
complement of private banking, trust, and investment management services
tailored to meet the needs of individuals, their families, and their
businesses. Its organizational structure is designed to encourage decisive
responses and flexible actions in all banking situations. As a lender, Borel
specializes in commercial real estate loans, jumbo mortgage loans,
construction loans, home equity loans, and business lines of credit. Borel
Private Bank & Trust Company offers trust and investment management programs
customized to meet each client's individual needs. Over the last five years
Borel's balance sheet assets increased over 100% from $286 million to
approximately $590 million, and net income increased approximately 100% from
$3.7 million to $7.4 million. At the core of Borel's success is its commitment
to the community, evident in the active volunteer and philanthropic efforts of
the bank and its employees.

    About Boston Private Financial Holdings, Inc.
    Established in 1987, Boston Private Financial Holdings offers a full range
of wealth management services to successful people, their families, their
businesses, and to selected institutions. Boston Private's assets include ten
affiliated companies located in New England, Northern California, Southern
California, the Pacific Northwest and New York, offering private banking,
financial planning, and investment management services to its domestic and
international clientele. These affiliates include: in New England, Boston
Private Bank & Trust Company, Westfield Capital Management Company, RINET
Company, and Boston Private Value Investors; in Northern California, Sand Hill
Advisors, Borel Private Bank & Trust Company, and Bingham, Osborn &
Scarborough; in Southern California, First State Bank of California; in the
Pacific Northwest, Coldstream Capital Management, based in Bellevue,
Washington; and in New York, Dalton, Greiner Hartman Maher & Co., LLC. Boston
Private's affiliates have approximately $16 billion in client assets under
advisory and balance sheet assets of approximately $2.6 billion. The Company
is a member of the Standard & Poor's 600 Index and is included on the Nasdaq
Financial-100 Index(R).
    Statements in this press release that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  Forward-looking statements involve risks and
uncertainties.  These statements include, but are not limited to prospects for
long term financial performance, the impact on the Company's results of
improved market conditions, and prevailing and future interest rates,
prospects for growth in balance sheet assets and assets under management, and
prospects for overall results over the long term.  You should not place undue
reliance on our forward-looking statements.  You should exercise caution in
interpreting and relying on forward-looking statements because they are
subject to significant risks, uncertainties and other factors which are, in
some cases, beyond Boston Private's control and could cause actual results to
differ materially from those set forth in the forward-looking statements.
Boston Private does not undertake any obligation to update any forward-looking
statement to reflect circumstances or events that occur after the date the
forward-looking statements are made.

     CONTACT:
     Kate Rajeck
     krajeck@bostonprivate.com
     (617) 912-4380

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