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First Republic Bank Extends Contract of Founder, Chairman and CEO Jim Herbert


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First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has extended the contract of its
Founder, Chairman and CEO Jim Herbert through December 31, 2022, following which he will serve as Executive Chairman. The Board has also entered into a contract with Hafize Gaye Erkan as Co-CEO,
sharing Chief Executive responsibilities with and reporting to Mr. Herbert. Additionally, Ms. Erkan will continue to serve as President and a director on the Board.
Jim Herbert, Founder, Chairman and Co-CEO, First Republic Bank (Photo: Business Wire)
“In extending and enhancing their collaboration, the Board believes Jim and Gaye’s partnership is a strong combination that will continue to build on First Republic’s differentiated business model ....

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First Republic Bank Extends CEO Jim Herbert's Contract Through Dec. 31, 2022


First Republic Bank Extends CEO Jim Herbert s Contract Through Dec. 31, 2022
WASHINGTON (dpa-AFX) - First Republic Bank (FRC) said that it has extended the contract of its Founder, Chairman and CEO Jim Herbert through December 31, 2022, following which he will serve as Executive Chairman.
The company has also entered into a contract with Hafize Gaye Erkan as Co-CEO, sharing Chief Executive responsibilities with and reporting to Herbert. Additionally, Erkan will continue to serve as President and a director on the Board.
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