James 'Jim' Herbert II is an American banker and business executive, best known as the founder and long-time leader of First Republic Bank. He established the bank in 1985 with a vision to provide exceptional, personalized client service, primarily to high-net-worth individuals and businesses. Under his decades-long tenure as Chairman and CEO, First Republic grew significantly, becoming a prominent financial institution recognized for its unique service model, strong client relationships, and consistent growth. The bank specialized in private banking, private business banking, and private wealth management. While First Republic enjoyed a strong reputation for many years, it faced significant challenges during the 2023 banking crisis, ultimately leading to its failure and acquisition. Herbert stepped down as Executive Chairman in early 2023. His career is largely defined by building First Republic from a small San Francisco bank into a major player in the U.S. banking landscape.
James Herbert's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Founded First Republic Bank in 1985 and served as its CEO until 2022, and then as Executive Chairman. He grew the bank from a single office to a major institution with a significant presence in key U.S. metropolitan areas.
Successfully implemented and maintained a banking model focused on exceptional, high-touch service for high-net-worth individuals and businesses, which differentiated First Republic in the competitive banking industry for many years.
Led First Republic through several decades of consistent growth in assets, deposits, loans, and wealth management assets, making it one of the most successful regional banks in the U.S. prior to 2023.
Received various forms of industry recognition for his leadership and the bank's performance over the years, establishing himself as a respected figure in the banking community. (e.g., often cited in financial media for his insights).
Loughborough University - Year 1991
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