First Republic was founded in 1985 by Jim Herbert, Chairman and CEO, on the belief that a truly differentiated culture devoted to exceptional client service would result in a very successful banking business.

This has proven true.

On July 1, 1985, we opened our doors at 201 Pine Street in San Francisco with fewer than 10 colleagues and only one office. With an enterprise value of $8.8 million, we were one of the smallest banks in the United States, out of approximately 14,000.

By our 35th anniversary, in July 2020, we had over 5,000 colleagues across more than 80 offices in seven states. Through organic growth, First Republic has become the 14th largest U.S. bank with an enterprise value greater than $19 billion. This represents a record of growth in total enterprise value of 25% per annum compounded for 35 years.

Our growth has never been the goal, however, only the outcome of taking exceptional care of our clients, communities and one another. Thank you for taking the time to read more about us.

We keep our clients at the focus of all we do.

Our continuous evolution has been driven by listening to our clients and meeting their needs.

Exceptional client service comes from extraordinary people.

Fostering a great place to work, with an inclusive environment and an empowered, diverse workforce, has been the fundamental driver of our success.

Safety and stability remain our core foundation.

We have successfully taken care of our colleagues, clients, communities and shareholders over time and through widely varied economic conditions.

Care for our communities is a fundamental responsibility.

It’s also the right thing to do, and part of our commitment to service since our founding in 1985.

First Republic has always been about quality. It’s not ever been about size. The size and the growth are a result of quality — the quality of service that everybody delivers every day.

James H. Herbert, II Founder, Chairman and CEO

Constituent of theS&P 500 Index and KBW Nasdaq Bank Index