What Does First Republic Bank Do?

Total employees7213
HeadquartersSan Francisco
Founded1985

First Republic Bank was a U.S. bank and wealth management company founded in 1985. It catered primarily to high-net-worth individuals and businesses, offering personalized banking, private wealth management, brokerage, and trust services. Known for its customer service, it grew significantly, becoming one of the largest banks in the United States. However, in the wake of the 2023 banking crisis, First Republic faced severe liquidity issues, deposit runs, and a dramatic stock price collapse. Despite a rescue attempt by a consortium of large banks, it ultimately failed and was seized by the FDIC on May 1, 2023. JPMorgan Chase subsequently acquired the substantial majority of First Republic's assets and assumed certain liabilities.

Where Is First Republic Bank's Headquarters?

HQ Function

Served as the central hub for executive leadership, strategic planning, corporate governance, and core banking operations for First Republic Bank prior to its acquisition.

Notable Features:

Prominently situated in San Francisco's Financial District, the headquarters occupied a modern high-rise, reflecting its status and focus on the financial sector. The specific building itself is a notable part of the San Francisco skyline.

Work Culture:

Prior to its acquisition, First Republic's HQ was known for a client-centric culture emphasizing 'white-glove' service, discretion, and long-term relationship building, particularly for high-net-worth individuals. Internal dynamics reportedly focused on meticulous processes and a professional, albeit high-pressure, environment.

HQ Significance:

As the command center for a bank that grew to be one of the largest in the U.S. before its collapse, the San Francisco HQ was pivotal in shaping its strategy, client engagement model, and distinctive brand. Its failure and the events surrounding its headquarters marked a significant moment in the 2023 banking crisis.

Values Reflected in HQ: The headquarters' prime location and sophisticated image aimed to reflect values of stability, exclusivity, and premium service. However, the events of 2023 highlighted underlying vulnerabilities that ultimately challenged these perceived values.

Location:

First Republic Bank primarily operated within the United States, focusing on high-net-worth individuals and businesses in key metropolitan areas. These included cities in California, New York, Massachusetts, Florida, Oregon, Washington, Connecticut, and Wyoming. It did not have a significant direct international branch network for retail or commercial banking, though it served U.S.-based clients with international financial interests through its domestic operations.

Street Address:

111 Pine Street

City:

San Francisco

State/Province:

California

Country:

USA

Where Else Does First Republic Bank Operate Around the World?

New York, New York, USA

Address: 180 Maiden Lane, New York, NY 10038 (One of several major NY locations)

Key center for serving affluent clients and businesses in the New York metropolitan area, a critical financial market.

Los Angeles, California, USA

Address: 1888 Century Park East, Los Angeles, CA 90067 (Example of a prominent LA office)

Supported the bank's strong presence in the affluent Southern California market, catering to entertainment industry professionals, entrepreneurs, and other high-net-worth clients.

Boston, Massachusetts, USA

Address: 772 Boylston St, Boston, MA 02199 (Example of a prominent Boston office)

Expanded the bank's footprint in a key East Coast financial and innovation hub.

Palm Beach, Florida, USA

Address: 240 Royal Palm Way, Palm Beach, FL 33480 (Example of a Florida office)

Catered to a significant concentration of high-net-worth individuals in a popular wealth destination.

Buying Intent Signals for First Republic Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading First Republic Bank? Meet the Executive Team

As of April 2025, First Republic Bank' leadership includes:

Michael J. Roffler - Chief Executive Officer and President
James H. Herbert, II - Founder and Executive Chairman
Neal Holland - Executive Vice President and Chief Financial Officer (appointed March 2023)
Mike Selfridge - Executive Vice President and Chief Banking Officer
Susie Cranston - Executive Vice President and Chief Operating Officer
Robert Thornton - President, Private Wealth Management

Who's Investing in First Republic Bank?

First Republic Bank has been backed by several prominent investors over the years, including:

As a publicly traded company (NYSE: FRC before delisting), major institutional investors historically included The Vanguard Group, BlackRock, State Street Corporation, and other large asset managers.
Earlier in its history, private equity firms such as General Atlantic and Colony Capital were significant investors during periods of recapitalization or private ownership before it became fully public again.

What Leadership Changes Has First Republic Bank Seen Recently?

Hire2
Exits2

First Republic Bank experienced significant executive upheaval in early 2023 leading up to its failure and acquisition in May 2023. Key changes occurred in top leadership, particularly in the CEO and CFO roles, reflecting the bank's escalating financial instability.

Departures

Olga Tsokova, Olga Tsokova departed as CFO amidst the bank's escalating crisis.
Various Executives (Unspecified), Majority of First Republic Bank's executive team departed or their roles were eliminated following the acquisition by JPMorgan Chase.

New Appointments:

Michael Roffler, Michael Roffler, already President, was appointed to the additional role of Chief Executive Officer.
Neal Holland, Neal Holland was appointed as Executive Vice President and Chief Financial Officer, returning to the role during a critical period.

What Technology (Tech Stack) Is Used byFirst Republic Bank?

Discover the tools First Republic Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

First Republic Bank Email Formats and Examples

Prior to its acquisition, First Republic Bank commonly used a standard email format for its employees. This information is based on historical patterns and is no longer active.

[first_initial][last_name]@firstrepublic.com

Format

jdoe@firstrepublic.com

Example

0 (Historical format; bank is defunct/acquired)%

Success rate

What's the Latest News About First Republic Bank?

FDIC / JPMorgan ChaseMay 1, 2023

JPMorgan Chase Acquires Substantial Majority of Assets and Assumes Certain Liabilities of First Republic Bank

JPMorgan Chase Bank, National Association, Columbus, Ohio, acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank, San Francisco, California, from the Federal Deposit Insurance Corporation (FDIC) after First Republic was closed by the California Department of Financial Protection and Innovation....more

ReutersApril 28, 2023

First Republic Bank Seized by Regulators, Sold to JPMorgan Chase

Reports emerged that U.S. regulators were set to seize First Republic Bank, with JPMorgan Chase emerging as a likely buyer, marking the culmination of efforts to rescue the troubled lender....more

The Wall Street JournalApril 24, 2023

First Republic Says It Lost More Than $100 Billion in Deposits

First Republic Bank reported that depositors withdrew over $100 billion during the first quarter's banking panic, causing its shares to plummet further and heightening concerns about its viability....more

Multiple News Outlets (e.g., Bloomberg, Associated Press)March 16, 2023

Major US Banks Inject $30 Billion to Rescue First Republic Bank

A group of 11 large U.S. banks announced a $30 billion deposit infusion into First Republic Bank in an effort to stabilize the lender and prevent broader financial contagion following the failures of Silicon Valley Bank and Signature Bank....more

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