Wed, Mar 19, 9:00 AM, Zacks First Republic Bank Prices Common Stock - Analyst Blog San Francisco-based private bank and wealth management company - First Republic Bank announced the pricing of the public offering of 4 million shares of its common stock at a price of $53.22 per share.
First Republic Bank (the Bank) and its subsidiaries are engaged in providing private banking, private business banking, real estate lending and primary wealth management services, including trust and custody services. As of Dec 31 2012, the Bank provided its services through preferred banking, lending and wealth management offices in the following areas: San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, New York City, Boston and Portland (Oregon). Co. operates its business through two business segments: Commercial Banking and Wealth Management. As of Dec 31 2012, Co. had total assets of $34.39 billion and total deposits of $27.09 billion.
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