Bank Expands Capabilities To Serve Nonprofits, Private Equity And Venture Firms
First Republic Bank, a leading provider of private banking, private business banking and wealth management services, today announced that Todd Rassiger, who has 15 years of financial services experience, has joined First Republic Bank as Relationship Manager and Managing Director in its Business Banking group in Boston.
Rassiger will work primarily with nonprofit organizations, private equity and venture capital firms. He joins a growing team of business bankers and wealth management professionals at First Republic’s offices in downtown Boston and Back Bay.
For business banking clients, First Republic offers lending services, deposit services, foreign exchange, letters of credit, online banking, as well as business escrows, brokerage, securities custody, and cash management. Each of these services is customized to the specific needs of clients.
“First Republic is expanding its capabilities to serve the bank’s increasing number of nonprofits, private equity, and venture capital clients on the East and West Coasts,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “Todd is an exceptional banker who is highly respected in Boston and has a proven track record of helping clients meet their complex financing needs. Todd is committed to the same level of exceptional client service that has been the hallmark of First Republic for 25 years.”
First Republic’s growing base of nonprofit clients includes private schools, museums, performing arts groups and other nonprofit community service organizations. First Republic is continuing to deepen the resources and expertise devoted to this market segment.
First Republic also has dedicated teams of bankers and wealth management professionals to serve private equity and venture capital clients through its offices in Silicon Valley, San Francisco, Los Angeles, New York and Boston. First Republic recently opened a second office in Menlo Park to work with partners and principals of private equity and venture companies firms, as well as employees of Silicon Valley companies.
Prior to joining First Republic, Rassiger was Senior Vice President of Boston Private Bank & Trust for eight years. Before that, he was an investment banker with MassDevelopment in Boston, where he focused on project finance for nonprofit organizations. Earlier in his career, he worked for the Federal Reserve Bank of New York. He has a Bachelor of Arts degree in Political Science and American Studies from Fordham University and a Master’s degree in Public Policy from the Harvard Kennedy School of Government. Rassiger is founder and Board President of Strike Out Cancer, an Overseer of the New England Aquarium, and Advisory Committee Member of Harvard’s Taubman Center for State and Local Governments. Rassiger is former Board President of IMPACTboston. The Boston Business Journal named Rassiger to its list of “40 Under 40” in 2010.
Rassiger is located at First Republic’s downtown office at 160 Federal Street. First Republic’s Back Bay office is at 772 Boylston Street.
About First Republic Bank
First Republic Bank (NYSE:FRC) and its affiliated companies 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 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.