Dirk A. ten Grotenhuis Joins First Republic Bank

First Republic Bank, August 3, 2011

Senior Banker Further Expands Bank’s Capabilities For Nonprofits

First Republic Bank, a leading private bank and wealth management company, today announced that Dirk A. ten Grotenhuis, who has more than 20 years of financial services experience, has joined First Republic as Managing Director.

Located at the bank’s office at 111 Pine Street in San Francisco, ten Grotenhuis will serve First Republic’s growing number of nonprofit clients, which includes private schools, museums, performing arts groups and other nonprofit community service organizations.

“Dirk ten Grotenhuis has significant expertise helping nonprofits achieve their mission, and he knows the California market very well,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “First Republic continues to expand its capabilities to meet the banking, lending and endowment management needs of its nonprofit clients. Dirk is committed to delivering exceptional service to every client.”

The addition of ten Grotenhuis further strengthens the bank’s ability to serve an important market segment that has been a growth area for the bank. First Republic, which has a long-standing commitment to serving nonprofits on the East and West coasts, is devoting more resources to nonprofit organizations to fulfill the growing demand for its services.

For business banking clients such as nonprofit organizations, First Republic offers lending services, deposit services, foreign exchange, letters of credit, online banking, as well as brokerage, securities custody, cash management and investment management for endowments. Each of these services is customized to the specific needs of clients.

Prior to joining First Republic, ten Grotenhuis worked for Stone & Youngberg, LLC, a San Francisco fixed-income investment banking firm specializing in public agencies and nonprofit organizations. He worked for the firm for 17 years, most recently as Managing Director. Prior to that, ten Grotenhuis worked for Morgan Stanley & Co. in New York and San Francisco. He earned a Bachelor of Science degree in Business Administration from Georgetown University and an MBA from University of California, Berkeley, Haas School of Business.

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 a component of the S&P Total Market Index, the Wilshire 5000 Total Market IndexSM, the Russell 1000®, Russell 3000® and Russell Global indices and six Dow Jones indices.

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. Securities Products and Services offered by First Republic Securities Company, Member FINRA/SIPC.