Corporate Social Responsibility

“

Our business model of providing exceptional service to our colleagues, clients and communities is a reflection of our values and drives our consistent, sustainable growth. Doing the right thing and creating shareholder value are one and the same at First Republic.

”
James H. Herbert, II Founder, Chairman and Co-CEO
Our Strategic Priorities

As a people-centric organization, we have always believed that our business starts with empowered colleagues who care for and help build strong clients and communities, which ultimately leads to success for our shareholders.

Learn more about our commitment to serving all our stakeholders through our Corporate Responsibility Report:

View the interactive report Download the PDF report Combined Shape
“

We strive to be a source of stability, reliability, compassion and care for all of our stakeholders, at all times. By staying true to our client-centric model, being purposeful in executing our mission, and prioritizing safety and soundness, we aim to make a lasting impact on our clients, colleagues and communities.

”
Hafize Gaye Erkan Co-CEO and President

The First Republic Foundation: Expanding Charitable Giving in the Communities We Serve

The First Republic Foundation will complement our long-standing philanthropic support for education, arts and culture, affordable housing, health and human services, and disaster relief and recovery.



Learn more

Support in the
Time of COVID-19

Now as much as ever, caring for our colleagues, clients and communities is our highest priority.


For our colleagues, First Republic offers additional paid time off and sick leave related to COVID-19, provides 100% coverage related to COVID-19 testing and has covered expenses related to remote office setup.

For our clients, we’ve offered loan modifications for those experiencing hardship, participated in the Small Business Administration’s Paycheck Protection Program, and introduced enhanced digital and mobile banking features.

And to support our communities, we’ve presented grants for existing nonprofit clients in need, initiated a donation program with our Community Advisory Board and announced a gift-matching program for colleague donations.

Our Commitment to Diversity, Equity and Inclusion (DEI)

Since our founding in 1985, diversity has been a key competitive advantage. We believe that having a diverse team and inclusive culture creates opportunities to better serve our clients and communities.

In 2020, we expanded our commitment to DEI by partnering with Management Leadership for Tomorrow, a national nonprofit that equips and emboldens high-achieving Black, Latinx and Native American individuals to secure high-trajectory jobs, while partnering with leading organizations to provide access to a new generation of diverse leaders.

Colleague Empowerment

47%
Women1
49%
PEOPLE OF COLOR1
50+
LANGUAGES SPOKEN

We support our colleagues with comprehensive benefits and are proud to offer a $30 minimum wage.

Caring for
Our Communities

We serve our communities through affordable housing and homeownership initiatives, by developing our local economies, and through volunteering and giving.

Lending and Investment

During 2020, First Republic dedicated over $3.7 billion in lending and investment capital, equivalent to 2.9%2 of total bank assets, to support underserved and underrepresented communities.

$3.7 B

Volunteering and Giving

First Republic encourages colleagues to volunteer at their favorite nonprofit organizations by offering two days per year of paid time for volunteer work.

710
Nonprofits supported through colleague volunteering in 2020
21,500
Hours volunteered by colleagues in 2020
790
Nonprofits supported with charitable contributions and grant awards in 2020

Why I Volunteer

Empowering
Our Partners

For over 35 years, we’ve committed ourselves to helping our partners realize their fullest potential.

While we support a wide range of nonprofits, we have a particular passion for health and human services, education and the arts.

Below is just a sampling of those partnerships.

Health and Human Services


Education


Arts for All


Caring for
Our Environment

As a responsible member of our communities, we are focused on managing our impact on the environment and supporting clients in managing their impact.
In 2020, we engaged Corporate Citizenship, a global strategy consulting practice specializing in sustainable and responsible business, to further identify and focus our environmental impact initiatives.
Volunteer on Beach Cleaning
Volunteers on Beach

We do not lend to carbon-intensive industries such as oil and gas.

We offer a First Republic Green Discount on loans for LEED-certified commercial and construction programs.

We offer best-in-class investment options that are mindful of environmental, social and governance (ESG) factors.

We installed solar energy panels to reduce our overall energy consumption at many of our offices in the San Francisco Bay Area.

Through our comprehensive paper and plastic recycling program, we recycled over 380 tons of paper and saved over 6,600 trees in 2020 alone.

In 2017, we launched a new loan origination system that supports paperless loan files, an effort that we estimate has reduced our paper usage in 2020 by approximately 69 tons.

In 2019, we launched Eagles for Earth, an environmental-focused Colleague Community.

We encourage colleagues to use public transportation by offering a commuter transit subsidy.

More About First Republic

Our Values

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Our Story

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Erkan
FellowsSM

Our Commitment to STEM

1 Total workforce as of December 31, 2020. “People of Color” includes all nonwhite ethnicities as defined by the Equal Employment Opportunity Commission (“EEOC”), which include American Indian/Alaska Native, Asian, Black, Native Hawaiian/Pacific Islander, two or more races, and Hispanic or Latinx.

2 Full-year 2020 average total assets.

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