FRC-PD - First Republic Bank

NYSE - NYSE Delayed Price. Currency in USD

First Republic Bank

111 Pine Street
2nd Floor
San Francisco, CA 94111
United States
415-392-1400
http://www.firstrepublic.com

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees4,800

Key Executives

NameTitlePayExercisedYear Born
Mr. James H. Herbert IIFounder, Chairman & CEO3.61M20.18M1944
Ms. Hafize Gaye ErkanPres & Director2.06MN/A1980
Mr. Michael J. RofflerExec. VP & CFO1.5MN/A1971
Mr. David B. LichtmanSr. EVP & Chief Credit OfficerN/AN/A1963
Mr. Michael D. SelfridgeChief Banking Officer & Sr. EVP1.93MN/A1967
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also provides a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate loans, personal loans, business loans, and smaller 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 services, trust and custody services, online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury management services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2018, the company offered its services through 82 offices, including 75 preferred banking licensed deposit-taking offices in 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; Jackson; and Wyoming, as well as 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

Corporate Governance

First Republic Bank’s ISS Governance QualityScore as of July 29, 2019 is 8. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.