First Republic Bank
FRC-PM
New York Stock Exchange1.73
USD
- -
- -
CIK
0001132979
ISIN
US33616C7204
CUSIP
33616C720
Return %
Stock
S&P500
1Y
-90.07
26.53
3Y
-92.50
76.60
5Y
-92.50
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
- Jul 15, 2021
- CIK
- 0001132979
- Website
- firstrepublic.com
- Similar Companies
- Business
- First Republic Bank, once a prominent financial institution, delivered a comprehensive array of private banking, private business banking, and private wealth management solutions to affluent individuals and enterprises across key metropolitan regions within the United States. Historically, its operations spanned two main divisions: Commercial Banking and Wealth Management. The bank offered diverse deposit products, including various checking and money market accounts, savings options, and certificates of deposit. Its lending portfolio was robust, featuring residential mortgage loans, home equity lines of credit, multifamily and commercial real estate financing, construction loans, alongside personal and business credit facilities, often secured by real estate assets. Furthermore, First Republic provided extensive wealth management services, encompassing a spectrum of investment strategies, online management platforms, trust and custody services, brokerage, financial and estate planning, and access to alternative investments, as well as insurance and foreign exchange. Established in 1985 and headquartered in San Francisco, California, First Republic operated a network of approximately 93 branches across 11 states, including California, New York, Massachusetts, and Florida. In May 2023, amid a period of significant stress in the banking sector, First Republic Bank was closed by the California Department of Financial Protection and Innovation, with the Federal Deposit Insurance Corporation (FDIC) appointed as its receiver. Subsequently, JPMorgan Chase Bank, N.A. successfully acquired the substantial majority of First Republic's assets, including approximately $173 billion in loans and $30 billion in securities, and assumed around $92 billion in deposits and certain liabilities. Following this acquisition, all former First Republic branches reopened under the JPMorgan Chase brand, ensuring uninterrupted service and full access to funds for all depositors, who transitioned to JPMorgan Chase customers. The company's stock was subsequently delisted from the New York Stock Exchange.