Bob Karson Joins First Republic

First Republic Bank, February 23, 2012

Senior Wealth Advisor Strengthens Wealth Management Team In New York

First Republic Bank, a leading private bank and wealth management company, today announced that Bob Karson has joined First Republic Private Wealth Management as Managing Director and Wealth Advisor in the Rockefeller Center office.

First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments. First Republic Private Wealth Management complements First Republic’s comprehensive private banking and business banking capabilities. Karson works at First Republic’s Rockefeller Center office at 1230 Avenue of the Americas in New York.

“Bob Karson is an accomplished wealth advisor who shares First Republic’s commitment to exceptional client service,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “Bob is part of our expanding team in New York offering comprehensive, investment solutions customized to the needs of our clients.”

Prior to joining First Republic, Karson worked for US Trust for 23 years, most recently as Managing Director and Private Client Advisor. Karson earned a Bachelor of Arts degree from Iona College. He is past President and member of the Board of Directors of the Epilepsy Foundation of Long Island and serves on the Board of New York City Relief for the Homeless.

In addition to its Rockefeller Center location, First Republic has New York offices at 80 Broad, 320 Park Avenue, the Time Warner Center, 148 East 79th Street and 2160 Broadway. First Republic has a Greenwich, Connecticut office at 56 Mason Street.

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 are offered by First Republic Securities Company, LLC - Member FINRA/SIPC. First Republic Securities Company and First Republic Investment Management are wholly owned subsidiaries of First Republic Bank. Unless otherwise disclosed, investments through First Republic Investment Management and First Republic Securities Company, LLC are not FDIC-insured, not bank guaranteed and may lose value.