First Republic Declares Dividends on Six Series of Perpetual Preferred Stock for Second Quarter 2015

First Republic Bank, June 5, 2015

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on all six  outstanding series of its perpetual preferred stock.

A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock.  This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol “FRCPrA.”  The Series A Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock.  This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock, which is traded on the NYSE under the symbol “FRCPrB.”  The Series B Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock.  This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol “FRCPrC.”  The Series C Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock.  This dividend equals $0.343750 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock, which is traded on the NYSE under the symbol “FRCPrD.”  The Series D Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

A quarterly cash dividend of $17.50 per share was declared on its Noncumulative Perpetual Series E Preferred Stock.  This dividend equals $0.4375 per depositary share, each representing 1/40th interest in a share of Series E Preferred Stock, which is traded on the NYSE under the symbol “FRCPrE.”  The Series E Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

An initial, quarterly (pro-rated) cash dividend of $5.2250 per share was declared on its Noncumulative Perpetual Series F Preferred Stock.  This dividend equals $0.130625 per depositary share, each representing 1/40th interest in a share of Series F Preferred Stock, which is traded on the NYSE under the symbol “FRCPrF.”  The Series F Preferred Stock dividend is payable on June 30, 2015, to shareholders of record as of June 19, 2015.

Investors:

Andrew Greenebaum / Lasse Glassen
Addo Communications
andrewg@addocommunications.com
lasseg@addocommunications.com
(310) 829-5400

Media:

Greg Berardi
Blue Marlin Partners
greg@bluemarlinpartners.com
(415) 239-7826