Concord to Provide First Private Bank & Trust

With Open Architecture Wealth Management Platform

High-Net-Worth Investors to Have Access

To Concord’s Comprehensive Investment Solution

Matawan, NJ- August 30, 2007 – Concord, a leader in outsourced wealth management solutions, has agreed to provide First Private Bank & Trust (“First Private”) with a comprehensive open architecture wealth management platform. First Private is a leading Los Angeles-area private banking and wealth management firm and local affiliate of Boston Private Financial Holdings (NASDAQ: BPFH).

This announcement follows an agreement between First Private and Wilshire Funds Management, in which First Private would receive investment services from Wilshire.

”First Private was attracted to Concord for its experience and customized solutions”, noted Richard Trumpler, Chief Executive Officer of Concord’s Banking Services Group. “First Private will use Concord to augment its existing capabilities in order to enhance already-strong client relationships,” he said.

According to Gary Helme, Executive Vice President, First Private, “We are impressed with Concord’s single-minded focus on helping us compete in the wealth management arena and provide clients with more sophisticated investment solutions.”

About Concord

Concord helps financial services organizations compete at a high level in the growing, fee-based investment advisory business by providing clients with a comprehensive wealth management platform that can be fully-customized and quickly brought to market, at a reasonable cost. Concord works with clients to integrate their service and product strengths into their own, proprietary private labeled technology platform that respects and reflects their brand. Concord’s clients represent a wide range of financial organizations, including trust companies, banks, broker/dealers, clearing firms, insurance companies and independent advisory firms.

About First Private Bank and Trust
First Private Bank & Trust is a provider of customized private banking and wealth management solutions to high net worth individuals and small businesses. First Private is a member of the Boston Private Wealth Management Group, which has more than $32 billion in managed or advised client investments.

For further information, please contact Holly Hankins, 732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com