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The Boston Globe

Business

AROUND THE REGION

Boston Private selling Washington branches

Boston Private Financial Holdings Inc. said Monday that it is selling its branches in Washington state to Sterling Financial Corp., of Spokane, Wash., the parent of Sterling Savings Bank.

The deal marks the second time in several years Boston Private, the parent of Boston Private Bank & Trust Co., has pulled out of one of its major markets. Boston Private sold its troubled Florida unit, ­Gibraltar Private Bank & Trust, in 2009.

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