First Republic Bank
FRC-PI
New York Stock Exchange1.96
USD
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First Republic Bank
FRC-PI
(New York Stock Exchange)
Recent
price
1.96
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- First Republic Bank (FRC-PI) operates as a residual preferred stock entity from the former San Francisco-based commercial bank and wealth management provider that specialized in personalized services for high-net-worth individuals, offering private banking including checking, savings, money market accounts, certificates of deposit, and individual retirement accounts; business banking; real estate lending for residential, commercial, personal, and education purposes; and wealth management encompassing investment management, brokerage, trust, custody, and advisory services. Founded in 1985 and headquartered in San Francisco, California, the institution previously maintained 93 offices across 11 states, with primary operations in California, New York, Massachusetts, Florida, and other urban coastal markets. In May 2023, amid the United States banking crisis, regulators closed First Republic Bank due to liquidity shortfalls and deposit outflows exceeding $100 billion, seizing its assets; JPMorgan Chase acquired the substantial majority of assets, all deposits, and certain liabilities for $10.6 billion, while explicitly excluding corporate debt and preferred stock like FRC-PI, which now trades over-the-counter as a legacy security reflecting the unresolved preferred equity interests.