Boston Private Financial Holdings Inc. has laid off at least 60 employees — most of them in Massachusetts — after struggling to grow deposits earlier this year.
Boston Private (Nasdaq: BPFH) announced the layoffs late Wednesday at the same time it revealed third-quarter earnings. The company brought in $18 million in net income from July through September. That's a major improvement over the second quarter, when its net income was $6.4 million — a 9 percent decrease year-over-year.
