Our Heritage

{ "years": [{ "year": "1985","totalAssets" : "64","wealthManagementAssets" : "0","bullets" : ["First Republic Bancorp chartered and funded in March by founding chairman, Roger Walther and founding CEO, James Herbert ","Doors opened in July and Katherine August-deWilde joined as CFO ","Approximately 40 employees"]},{ "year": "1986","totalAssets" : "141","wealthManagementAssets" : "0","bullets" : ["Deposits insured by FDIC","IPO of 840,000 shares of common stock (market value — $23 million)","Listed on the NASDAQ exchange "]},{ "year": "1991","totalAssets" : "932","wealthManagementAssets" : "0","bullets" : ["Growth milestone: 100 employees","Issued 1.7 million shares of common stock in 2 offerings (market value — $100 million)"]},{ "year": "1996","totalAssets" : "2,157","wealthManagementAssets" : "0","bullets" : ["Introduced the service mark, It's a privilege to serve you®","Average products per new home loan client — 1.1"]},{ "year": "1999","totalAssets" : "3,599","wealthManagementAssets" : "3,580","bullets" : ["Established First Republic Trust Company ","25 office locations"]},{ "year": "2000","totalAssets" : "3,656","wealthManagementAssets" : "4,499","bullets" : ["Average products per new home loan client — 6.1","Established First Republic Securities Company","Total deposits — $2.5 billion","423 employees "]},{ "year": "2004","totalAssets" : "7,423","wealthManagementAssets" : "8,531","bullets" : ["Completed shift to a fully-integrated wealth management organization ","Grew Business Banking substantially","Market value — $900 million"]},{ "year": "2007","totalAssets" : "15,792","wealthManagementAssets" : "16,071","bullets" : ["Acquired by Merrill Lynch Bank & Trust Co., FSB — 44% premium, 3.6x TBV — $1.8 billion","1,235 employees ","52 office locations"]},{ "year": "2008","totalAssets" : "19,694","wealthManagementAssets" : "15,862","bullets" : ["Bank of America acquisition of Merrill Lynch, including First Republic ","Originated record $9.7 billion of loans"]},{ "year": "2009","totalAssets" : "19,941","wealthManagementAssets" : "14,108","bullets" : ["Announced management-led buyout of First Republic from Bank of America, backed by Colony Capital LLC, General Atlantic LLC and others","Total deposits grew 40% to $17.2 billion "]},{ "year": "2010","totalAssets" : "22,378","wealthManagementAssets" : "16,830","bullets" : ["25 year business milestone","Raised $1.86 billion of capital for buyback and became independent again","Established A- credit ratings","Completed second IPO; listed on NYSE-FRC; market value — $3.3 billion "]},{ "year": "2011","totalAssets" : "27,792","wealthManagementAssets" : "20,387","bullets" : ["Added to the Russell Global, 3000 and 1000, Wilshire 5000, and several Down Jones stock market indices ","Named Best Private Bank in North America by Private Asset Management magazine","1,710 employees","63 offices"]},{ "year": "2012","totalAssets" : "34,388","wealthManagementAssets" : "31,682","bullets" : ["Achieved record loan volume, record earnings, and record growth of wealth assets","Ranked among Top 5 Best Banks in America by Forbes","Acquired Luminous Capital, a $5.9 billion wealth management firm","2,000 employees","65 offices"]}]}