First Republic Bank Files Registration Statement For Proposed Initial Public Offering

First Republic Bank, November 24, 2010

First Republic Bank (“First Republic”), which specializes in private banking, private business banking, investment management, brokerage, trust services and real estate lending services, today announced that it filed a registration statement on Form 10 with the Federal Deposit Insurance Corporation for the proposed listing of First Republic common stock in connection with a proposed initial public offering. The shares will be offered by First Republic and certain selling stockholders. First Republic has applied to list its common stock on the New York Stock Exchange under the ticker symbol "FRC."

BofA Merrill Lynch, Morgan Stanley and J.P. Morgan will act as joint book-running managers.

First Republic Bank is a California-chartered, FDIC-insured commercial bank and trust company. As of September 30, 2010, its assets totaled $22.0 billion, its deposits were $19.0 billion, loans serviced for others totaled $3.7 billion and its wealth management assets totaled $17.2 billion.

Together with its affiliates, First Republic specializes in providing full-service preferred banking, preferred business banking, real estate lending and wealth management services to clients through 61 offices in the following metropolitan areas: San Francisco; Palo Alto; Los Angeles; Santa Barbara; Newport Beach; San Diego; Portland; Boston; Greenwich and New York City. First Republic was founded in 1985 and is headquartered in San Francisco, California.

The offering will be made only by means of an offering circular. The preliminary offering circular relating to the offering and the registration statement on Form 10 are available at

A registration statement on Form 10 relating to these securities has been filed with the Federal Deposit Insurance Corporation but has not yet become effective. These securities also may not be sold, nor offers to sell be accepted, prior to the time First Republic has obtained a permit for the sale of the securities from the California Commissioner of Financial Institutions. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement on Form 10 becomes effective. This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. These securities are neither insured nor approved by the Federal Deposit Insurance Corporation.

Andrew Greenebaum / Lasse Glassen
Addo Communications
(310) 829-5400


Greg Berardi
Blue Marlin Partners
(415) 239-7826