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“First Republic is phenomenal. I am a former banker – and I know.”

The Property and Casualty Initiative, LLC | Massachusetts Client of First Republic Bank Since ‘08

In 1999, thirteen Massachusetts-based property and casualty insurance companies established the Property and Casualty Initiative (PCI). Its purpose is to promote economic development by providing loans to low income residents and communities across the Commonwealth. With a background of over 20 years in various lending and management positions, Stacey Townsend was recruited to organize and manage PCI. Functioning as President, CEO and CFO, Stacey does much of her banking online and First Republic's sophisticated online cash management system allows her to manage financial transactions efficiently and confidently.

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Stacey Townsend, President and Chief Executive Officer