Derrick Yee Joins First Republic Bank

First Republic Bank, May 11, 2011

First Republic Continues To Expand Team On The Peninsula

First Republic Bank, a leading provider of private banking, private business banking and wealth management services, today announced that Derrick Yee has joined First Republic as Relationship Manager in the Palo Alto office.

Yee will work with individuals, families, businesses and foundations to provide banking, investment management, trust, brokerage and real estate lending services. He is located at First Republic’s office at 2275 El Camino Real.

“Derrick Yee is a terrific banker who shares First Republic’s commitment to exceptional client service,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “First Republic continues to expand in the Peninsula and Silicon Valley to meet the growing demand for both banking and wealth management services.”

Prior to joining First Republic, Yee worked for Bank of America for 10 years, most recently as a private client manager. Yee earned a Bachelor of Arts degree in Economics from the University of California, San Diego. He is a volunteer in the San Francisco Mayor’s Youth Employment & Education Program.

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.

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.