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Boston Private Financial Holdings, Inc. To Join Nasdaq Financial-100 Index Beginning March 14, 2002

Date 09/03/2002

Boston Private Financial Holdings, Inc. (Nasdaq:BPFH) of Boston, Massachusetts, will become a component of the Nasdaq Financial-100 Index® effective at the beginning of trading Thursday, March 14, 2002. Boston Private Financial Holdings, Inc. will replace NextCard, Inc. (Nasdaq:NXCD), which is being removed from the Index due to its extended trading halt.

With a market capitalization of $567 million, Boston Private Financial Holdings offers a full range of financial planning, investment management, and private banking services to its domestic and international clientele through its six operating companies: Boston Private Bank & Trust Company, Borel Private Bank and Trust Company, Westfield Capital Management, RINET Company, Sand Hill Advisors, and Boston Private Value Investors.

The Nasdaq Stock Market lists over 4,000 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.