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First Republic Bank, May 10, 2011

First Republic Preferred Capital Corporation Declares Dividend on 7.25% Series D Preferred Stock
First Republic Bank

First Republic Preferred Capital Corporation today announced that it has declared a quarterly cash dividend of $0.453125 per share of Series D security.

The Series D Preferred Stock, which is traded on the NASDAQ under the symbol FRCCO, is payable on June 30, 2011 to shareholders of record as of June 20, 2011.

First Republic Preferred Capital Corporation is a subsidiary of First Republic Bank (NYSE: FRC).

About First Republic Bank

First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is included in the S&P Total Market Index and Wilshire 5000 Total Market IndexSM. More information is available on the Bank’s website at www.firstrepublic.com.

Investors:
       
Andrew Greenebaum / Lasse Glassen
Addo Communications
andrewg@addocommunications.com
lasseg@addocommunications.com
(310) 829-5400

Media:

Greg Berardi
Blue Marlin Partners
greg@bluemarlinpartners.com
(415) 239-7826


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