Philip Hayes Appointed Deputy Head of First Republic Trust Company

First Republic Bank, April 25, 2012

Senior Trust Officer Sandy Christopher Joins Expanding Team in Boston

First Republic Bank, a leading private bank and wealth management company, today announced that Philip Hayes, a trust executive with 20 years of experience, has been named Deputy Head of First Republic Trust Company.

First Republic also announced that Alistair “Sandy” Christopher has joined First Republic Trust Company as Vice President and Senior Trust Officer at 160 Federal Street in Boston.

The appointments of Hayes and Christopher are part of First Republic’s focus on broadening its trust capabilities to meet growing demand from clients. In March, First Republic opened a trust company in Delaware and has continued to hire senior trust officers in its urban, coastal markets.

Prior to joining First Republic, Hayes worked for Bessemer Trust for 11 years, most recently as Managing Director and Western Region Fiduciary Counsel. Prior to that, he was an estate planning and trust attorney in Southern and Northern California. Hayes received a Bachelor of Arts degree in economics from University of California at Los Angeles, and a juris doctorate from University of California, Hastings College of the Law.

Christopher joined First Republic from U.S. Trust in Boston, where he was a Senior Vice President and Senior Trust Officer. He also was an estate planning and trust attorney. Christopher has a Bachelor of Arts degree in history from Yale University and a juris doctorate from Boston College Law School. He is a Certified Trust and Financial Advisor (CTFA).

First Republic Trust Company is part of First Republic Private Wealth Management, which provides customized wealth management solutions, including 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.

First Republic Trust Company offers clients an open architecture model that delivers maximum choice and flexibility. First Republic’s trust officers coordinate interaction among a client’s existing advisors and investment managers. First Republic Trust Company can serve as Trustee, Successor Trustee, or Co-Trustee on many types of personal trusts, including marital, irrevocable and charitable trusts. First Republic also serves as Executor or Co-Executor for estate settlements. As of March 31, 2012, First Republic Trust Company had more than $4.6 billion in assets under management and custody.

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.