First Republic Bank

First Republic Bank
TypePublic
ISINUS33616C1009
IndustryFinancial services
FoundedFebruary 5, 1985 (1985-02-05)
DefunctMay 1, 2023 (2023-05-01)
FateClosed; sold to JPMorgan Chase
SuccessorsJPMorgan Chase (acquisition of most First Republic Bank assets)
HeadquartersSan Francisco, California, U.S.
Areas served
Key people
ProductsConsumer banking
Commercial banking
Wealth management
Mortgages
RevenueIncrease US$6.75 billion (2022)
Increase US$1.67 billion (2022)
Total assetsIncrease US$212.6 billion (2022)
Total equityIncrease US$17.45 billion (2022)
Number of employees
7,213 (2022)
ParentJPMorgan Chase
SubsidiariesGradifi
Capital ratioTier 1 8.51% (Q4 2022)
Websitefirstrepublic.com
Footnotes

First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California, United States. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. 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.