First Republic Bank (FDIC certificate 59017) was established in 2010 and operates through 72 branch offices located in 13 counties in CA, CT, DE, FL, MA, NH, NY, OR and WA. Ms Katherine August-deWilde, President of First Republic Bank, leads a team of 3130 employees.
First Republic Bank, headquartered in San Francisco, CA, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that First Republic Bank has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
First Republic Bank is a state chartered commercial bank and not a member of Federal Reserve. With $59 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
Trust powers have been granted to the bank which means it has the right to act as a trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, or in any other fiduciary capacity allowed under the laws of the state in which it is located.
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