UK Markets open in 5 hrs 27 mins

First Republic Bank (FRC-PK)

NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
23.79+0.06 (+0.25%)
At close: 03:59PM EST

First Republic Bank

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

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees6,065

Key executives

NameTitlePayExercisedYear born
Mr. James H. Herbert IIFounder, Chairman & Co-CEO4.58MN/A1944
Ms. Hafize Gaye ErkanPres, Co-CEO & Director2.86MN/A1980
Mr. Michael J. RofflerExec. VP & CFO1.6MN/A1971
Mr. David B. LichtmanSr. EVP & Chief Credit Officer2.07MN/A1963
Mr. Michael D. SelfridgeSr. EVP & Chief Banking Officer2.02MN/A1967
Mr. Jason C. BenderExec. VP & COON/AN/A1969
Ms. Olga TsokovaSr. VP & Chief Accounting OfficerN/AN/A1973
Mr. Michael IoanilliVP & Director of Investor RelationsN/AN/AN/A
Mr. Edward Joseph DobranskiExec. VP, Gen. Counsel & Sec.N/AN/A1950
Ms. Mollie M. RichardsonExec. VP & Chief People OfficerN/AN/A1979
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes 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, and private wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other 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, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury services. Additionally, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2020, the company offered its services through 92 offices, including 80 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; and Jackson, Wyoming, as well as 12 additional 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 1 July 2021 is 6. The pillar scores are Audit: 3; Board: 8; Shareholder rights: 6; Compensation: 5.

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 10 indicates higher governance risk.