Boston Private Financial (BPFH) 10-Q 2008 Q3 Quarterly report

Exhibit 3.2

FORM MUST BE TYPED	Articles of Amendment	FORM MUST BE TYPED
(General Laws Chapter 156D, Section 10.06; 950 CMR 113.34)

(1) Exact name of corporation: Boston Private Financial Holdings, Inc.

(2) Registered office address:	Ten Post Office Square, Boston, MA 02109
	(number, street, city or town, state, zip code)

(3) These articles of amendment affect article(s):	Article 3
(specify the number(s) of article(s) being amended (I-VI))

(4) Date adopted:	September 30, 2008
	(month, day, year)

(5) Approved by:

(check appropriate box)

¨ the incorporators.

¨ the board of directors without shareholder approval and shareholder approval was not required.

x the board of directors and the shareholders in the manner required by law and the articles of organization.

(6) State the article number and the text of the amendment. Unless contained in the text of the amendment, state the provisions for implementing the exchange, reclassification or cancellation of issued shares.

P.C.

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To change the number of shares and the par value, * if any, of any type, or to designate a class or series, of stock, or change a designation of class or series of stock, which the corporation is authorized to issue, complete the following:

Total authorized prior to amendment:

WITHOUT PAR VALUE		WITH PAR VALUE
TYPE	NUMBER OF SHARES	TYPE	NUMBER OF SHARES	PAR VALUE
Common	N/A	Common	70,000,000	$	1.00
Preferred	N/A	Preferred	2,000,000**	$	1.00

Total authorized after amendment:

WITHOUT PAR VALUE		WITH PAR VALUE
TYPE	NUMBER OF SHARES	TYPE	NUMBER OF SHARES	PAR VALUE
Common	N/A	Common	170,000,000	$	1.00
Preferred	N/A	Preferred	2,000,000**	$	1.00

** 351 designated as Series A Non-Cumulative Mandatorily Convertible Preferred Stock.

401 designated as Series B Non-Cumulative Perpetual Contingent Convertible Preferred Stock.

(7) The amendment shall be effective at the time and on the date approved by the Division, unless a later effective date not more than 90 days from the date and time of filing is specified:                                                                                                      

* G.L. Chapter 156D eliminates the concept of par value, however a corporation may specify par value in Article III. SeeG.L. Chapter 156D, Section 6.21, and the comments relative thereto.

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Signed by:	/s/ Margaret W. Chambers
	(signature of authorized individual)

¨ Chairman of the board of directors,

¨ President,

x Other officer,

¨ Court-appointed fiduciary,

on this            30th            day of            September            ,    2008            .

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	COMMONWEALTH OF MASSACHUSETTS
	William Francis Galvin
	Secretary of the Commonwealth One Ashburton Place, Boston, Massachusetts 02108-1512
	Articles of Amendment
	(General Laws Chapter 156D, Section 10.06; 950 CMR 113.34)
	I hereby certify that upon examination of these articles of amendment, it appears
	that the provisions of the General Laws relative thereto have been complied
	with, and the filing fee in the amount of $        having been paid, said
	articles are deemed to have been filed with me this            day of            ,
	20        , at            a.m./p.m.
	time
	Effective date:
	(must be within 90 days of date submitted)
	WILLIAM FRANCIS GALVIN
	Secretary of the Commonwealth
	Filing fee: Minimum filing fee $100 per article amended, stock increases $100 per 100,000 shares, plus $100 for each additional 100,000 shares or any fraction thereof.
Examiner
	TO BE FILLED IN BY CORPORATION
Name approval	Contact Information:
	Scott Macbeth
C
M	Goodwin Procter LLP
	Exchange  Place, Boston, MA 02109
	Telephone:                                  (617)570-1594
	Email: smacbeth@goodwinprocter.com
	Upon filing, a copy of this filing will be available at www.sec.state.ma.us/cor. If the document is rejected, a copy of the rejection sheet and rejected document will be available in the rejected queue.

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