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First Republic Bank, March 3, 2011

Philip Hill Joins First Republic Private Wealth Management
First Republic Bank

Portfolio Manager Joins ExpandingTeam Of Wealth Managers Nationwide

First Republic Bank, a leading provider of private banking and wealth management services, today announced that Philip Hill has joined First Republic Private Wealth Management in San Francisco as Portfolio Manager and Managing Director.

First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, endowments and non-profit. First Republic Private Wealth Management complements First Republic’s comprehensive suite of private banking and business banking services delivered with exceptional client service.

Hill is one of a number of senior investment professionals First Republic has hired recently in San Francisco, Southern California, Boston, Portland and New York. First Republic continues to expand to meet the increased demand from clients for wealth management services throughout its markets.

“Philip Hill is a terrific addition to our growing team of wealth management professionals, and he shares First Republic’s commitment to exceptional client service,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “Clients are attracted to First Republic Private Wealth Management because of its open architecture investment model, which offers objective, unbiased advice and a wide range of choices. Our clients also value the opportunity to work directly with a senior portfolio manager.”

Hill, who has 13 years of financial services experience, is part of First Republic Investment Management, which works with clients to develop customized investment management solutions. Individualized client portfolios utilize both traditional portfolio management and may employ carefully screened outside managers for equity, fixed income, and alternative investments.

Prior to joining First Republic, Hill was Senior Vice President and Portfolio Manager for U.S. Trust. Before that, Hill worked for The Savant Group and Rankling Futures and Options. Hill earned a Bachelor of Arts degree from University of California, Los Angeles, and an MBA in Finance and Economics from University of San Francisco. He has earned the Chartered Financial Analyst (CFA) designation.

Hill is located at First Republic’s office at 111 Pine Street in San Francisco.

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. More information is available on the Bank’s website at http://www.firstrepublic.com.

About First Republic Private Wealth Management

First Republic Private Wealth Management is the investment management, trust and brokerage group of First Republic Bank. First Republic Private Wealth Management offers objective advice and fully customized solutions with the same level of exceptional client service that has been the hallmark of First Republic Bank for more than 25 years. First Republic has the flexibility to provide individuals, families, businesses, endowments, schools and non-profit organizations with appropriate choices that responsibly meet a client’s specific investment objectives.


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