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First Republic Bank (Member FDIC) is a bank with branches in CA, CT, FL, MA, NY, OR, and WY.
First Republic pays higher interest rates than many brick-and-mortar banks.
The minimum opening deposits and monthly fees can be high, though you may be able to waive them.
This post was updated and reviewed on March 30, 2021: We updated this review with a new section on First Republic s Better Business Bureau rating and reputation as a company. We re currently adding information on trustworthiness to all of Personal Finance Insider s reviews.
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First Republic Bank Announces Common Stock Offering
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2 March 2021, 8:06 am·4-min read
First Republic Bank ( First Republic ) (NYSE: FRC), a leading private bank and wealth management company, today announced that it has agreed to sell 1,500,000 shares of its common stock in an underwritten public offering. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares from First Republic. BofA Securities, J.P. Morgan and Morgan Stanley are serving as joint bookrunning managers.
First Republic intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio.