First Republic Bank
FRC-PH
New York Stock Exchange1.98
USD
- -
- -
CIK
0001132979
ISIN
US33616C8111
CUSIP
33616C811
Return %
Stock
S&P500
1Y
-90.55
26.53
3Y
-90.94
76.60
5Y
-89.57
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael J. Roffler
- Full Time Employees
- 7,213
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 111 Pine Street San Francisco CA United States of America 94111
- IPO Date
- Jun 1, 2017
- CIK
- 0001132979
- Website
- firstrepublic.com
- Similar Companies
- Business
- First Republic Bank Corporation operates as a private banking, wealth management, and business banking institution headquartered in San Francisco, California, with operations primarily in major U.S. metropolitan markets including California and New York. Founded in 1985, it provides personalized, relationship-based financial services consisting of private banking; private business banking; real estate lending including residential and commercial real estate loans; and wealth management services including investment management, trust and custody services. The bank services high-net-worth individuals, businesses, and real estate clients. As of recent data before its acquisition, it managed substantial assets under management and wealth custody. In 2023, the bank experienced significant operational and financial challenges leading to a loss of deposits and workforce reductions. A major development in 2023 and 2024 includes the acquisition of First Republic Bank’s bulk operations, assets, and deposits by JPMorgan Chase following regulatory intervention. This transaction involved JPMorgan Chase acquiring approximately $185 billion in assets, including $92 billion in deposits, and marked a strategic shift in First Republic's business as it ceased independent operations. The bank also committed to digital transformation and enhanced wealth management initiatives before its acquisition. First Republic Bank had focused on high-touch personalized service, combining traditional banking with innovative digital platforms for client engagement. This acquisition by JPMorgan Chase reflects significant strategic and operational changes, marking the end of First Republic as an independent entity while integrating its offerings into JPMorgan's broader financial services platform.