First Republic Bank
Other OTCCapital 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.- 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
- Dec 10, 2010
- CIK
- 0001132979
- Website
- firstrepublic.com
- Similar Companies
- Business
- First Republic Bank (FRCB) operates as a residual entity following its closure amid the 2023 United States banking crisis; the California-chartered commercial bank and trust company, founded in 1985 and previously headquartered in San Francisco, California, specialized in personalized services for high-net-worth individuals, including private banking, private business banking, real estate lending, wealth management, trust and custody services, checking accounts, savings accounts, money market accounts, and certificates of deposit. Prior to its failure on May 1, 2023, the bank maintained 93 offices across 11 states, with primary operations in New York, California, Massachusetts, and Florida, targeting affluent clients through relationship-based offerings such as ATM rebate checking, senior and minor-specific accounts, individual retirement accounts, and student loan assistance via acquisitions like Gradifi. The bank's collapse stemmed from a deposit run exceeding $100 billion, high uninsured deposits, and an elevated loan-to-deposit ratio, culminating in seizure by the FDIC and sale of substantially all assets to JPMorgan Chase for $10.6 billion; its ticker trades over-the-counter at minimal value, reflecting no ongoing operations. Recent developments include the April 2024 acquisition of First Republic Trust Co of Delaware by JTC PLC, addressing residual trust operations post-failure.
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