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Federal Reserve approves merger of Boston Private Financial and SVB

WASHINGTON, June 10 (Reuters) - The Federal Reserve announced ON Thursday it had approved a merger between Boston Private Financial Holdings Inc and SVB Financial Group .

The approval clears the way for SVB to indirectly acquire the subsidiary state member bank, Boston Private Bank & Trust Company, and for Silicon Valley Bank to merge with that bank. (Reporting by Pete Schroeder; Editing by Leslie Adler)

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