First Republic Bank (FRC)
Company Description
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States.
It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit.
It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals.
The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties.
In addition, it provides wealth management services, which include various investment strategies and products, online investment management, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services.
Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards.
As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming.
It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
| Country | United States |
| Founded | 1985 |
| IPO Date | Feb 12, 1987 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 7,114 |
| CEO | James Herbert |
Contact Details
Address:
111 Pine Street, #5-7 San Fracisco, California 94111 United States | |
| Phone | 65 87183000 |
| Website | firstrepublic.com |
Stock Details
| Ticker Symbol | FRC |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001132979 |
| CUSIP Number | 33616C100 |
| ISIN Number | US33616C1009 |
| Employer ID | 88-0157485 |
| SIC Code | 6770 |
Key Executives
| Name | Position |
|---|---|
| Michael J. Roffler | President, Chief Executive Officer and Director |
| David B. Lichtman | Senior Executive Vice President and Chief Credit Officer |
| Robert Lee Thornton | Executive Vice President and President of First Republic Private Wealth Management |
| Michael D. Selfridge | Senior Executive Vice President and Chief Banking Officer |
| Neal Holland C.F.A., CPA | Executive Vice President and Chief Financial Officer |
| Susie Cranston | Executive Vice President and Chief Operating Officer |
| Olga Tsokova | Executive Vice President, Chief Accounting Officer and Deputy Chief Financial Officer |
| Jim Hughes | Executive Vice President and Chief Information Officer |
| Michael Ioanilli | Vice President and Director of Investor Relations |
| Edward Joseph Dobranski | Executive Vice President, General Counsel and Secretary |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 13, 2023 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Feb 9, 2023 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 3, 2023 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jan 31, 2023 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Feb 11, 2022 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 10, 2022 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 16, 2021 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 10, 2021 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 10, 2021 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Apr 9, 2020 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |