First Republic Bank (FRC-PH)

5.87 -0.16 (-2.65%) At close: 03:59PM EDT

First Republic Bank

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

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael J. Roffler	Pres, CEO & Director	1.65M	N/A	1971
Mr. David B. Lichtman	Sr. EVP & Chief Credit Officer	2.27M	N/A	1963
Mr. Robert Lee Thornton	Exec. VP & Pres of First Republic Private Wealth Management	2.23M	N/A	1958
Mr. Michael D. Selfridge	Sr. EVP & Chief Banking Officer	2.09M	N/A	1967
Mr. Neal Holland C.F.A., CPA	Exec. VP & CFO	N/A	N/A	N/A
Ms. Susie Cranston	Exec. VP & COO	N/A	N/A	N/A
Ms. Olga Tsokova	Exec. VP, Chief Accounting Officer & Deputy CFO	N/A	N/A	1973
Mr. Jim Hughes	Exec. VP & Chief Information Officer	N/A	N/A	N/A
Mr. Michael Ioanilli	VP & Director of Investor Relations	N/A	N/A	N/A
Mr. Edward Joseph Dobranski	Exec. VP, Gen. Counsel & Sec.	N/A	N/A	1950

Amounts are as of 31 December 2021, 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 in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook 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, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the 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. It also has 12 additional offices that offer lending, wealth management, or 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 February 2023 is 8. The pillar scores are Audit: 7; Board: 9; Shareholder rights: 6; Compensation: 8.

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.