Less than three months after Boston Private Financial Holdings Inc. sold it to a group of private investors, Gibraltar Private Bank and Trust Co. is bulking up its assets and its adviser team.

Matthew Lapides, the managing director of Gibraltar's wealth management division, said the private banking company "hit a trough" in 2008, when assets under management fell 18.2%, to $900 million. But since the end of the first quarter it has added nearly $100 million of new assets.

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