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First Republic Bank (FRC)

New York Stock Exchange Consolidated Issue - New York Stock Exchange Consolidated Issue Delayed Price. Currency in USD
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97.01+0.77 (+0.80%)
At close: 4:02PM EDT

97.01 +0.02 (0.02%)
After hours: 4:02PM EDT

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First Republic Bank

111 Pine Street
2nd Floor
San Francisco, CA 94111
United States

IndustryMoney Center Banks
Full Time Employees3,881

Key Executives

Mr. James H. Herbert IICo-Founder, Exec. Chairman and Chief Exec. Officer4.36M14.03M73
Ms. Katherine August-deWildeVice Chair and Sr. Advisor4.36M29.52M69
Mr. Michael J. RofflerChief Financial Officer and Exec. VP1.36MN/A46
Mr. David B. LichtmanChief Credit Officer and Exec. VP2.33MN/A54
Mr. Michael D. SelfridgeChief Banking Officer and Sr. Exec. VP1.81MN/A50
Amounts are as of December 31, 2015 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.


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 of 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, and passbook deposits, 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, residential construction 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, trust and custody services, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. As of December 31, 2016, the company offered its services through 74 offices, including 69 preferred banking licensed deposit-taking offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, New York City, Greenwich, and Palm Beach; and 5 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 August 1, 2017 is 3. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 3; Compensation: 2.

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.