First Republic Bank
Former American financial services company / From Wikipedia, the free encyclopedia
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This article is about the defunct bank based in San Francisco, California. For the defunct bank based in Dallas, Texas, see First Republic Bank Corporation.
Not to be confused with Republic First Bancorp.
First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida.[2] On May 1, 2023, as part of the 2023 United States banking crisis, the FDIC announced that First Republic had been closed and sold to JPMorgan Chase.[3][4]
Quick Facts Company type, Traded as ...
Company type | Public company |
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ISIN | US33616C1009 |
Industry | Financial services |
Founded | February 5, 1985; 39 years ago (1985-02-05) |
Defunct | May 1, 2023; 14 months ago (2023-05-01) |
Successors | JPMorgan Chase (acquisition of most First Republic Bank assets)[1] |
Headquarters | San Francisco, California, U.S. |
Areas served |
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Key people |
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Products | Consumer banking Commercial banking Wealth management Mortgages |
Revenue | US$6.75 billion (2022) |
US$1.67 billion (2022) | |
Total assets | US$212.6 billion (2022) |
Total equity | US$17.45 billion (2022) |
Number of employees | 7,213 (2022) |
Parent | JPMorgan Chase |
Subsidiaries | Gradifi |
Capital ratio | Tier 1 8.51% (Q4 2022) |
Website | firstrepublic |
Footnotes / references [2] |
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