Approval of the Notice by SVB Financial Services, Inc

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Press Release

Approval of the Notice by SVB Financial Services, Inc

July 10, 1996

NEW YORK - The Federal Reserve Bank of New York Wednesday announced that it has no objection to the notice by SVB Financial Services, Inc., Somerville, NJ, to become a bank holding company with respect to Somerset Valley Bank, Somerville, NJ.

The Reserve bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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