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First Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Fourth Quarter 2017

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock.

A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol “FRCPrC.” The Series C Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock. This dividend equals $0.343750 per depositary share, each representing 1/40th interest in a share of Series D Preferred Stock, which is traded on the NYSE under the symbol “FRCPrD.” The Series D Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

A quarterly cash dividend of $17.50 per share was declared on its Noncumulative Perpetual Series E Preferred Stock. This dividend equals $0.4375 per depositary share, each representing 1/40th interest in a share of Series E Preferred Stock, which is traded on the NYSE under the symbol “FRCPrE.” The Series E Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

A quarterly cash dividend of $14.25 per share was declared on its Noncumulative Perpetual Series F Preferred Stock. This dividend equals $0.356250 per depositary share, each representing 1/40th interest in a share of Series F Preferred Stock, which is traded on the NYSE under the symbol “FRCPrF.” The Series F Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series G Preferred Stock. This dividend equals $0.343750 per depositary share, each representing 1/40th interest in a share of Series G Preferred Stock, which is traded on the NYSE under the symbol “FRCPrG.” The Series G Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

A quarterly cash dividend of $12.8125 per share was declared on its Noncumulative Perpetual Series H Preferred Stock. This dividend equals $0.3203125 per depositary share, each representing 1/40th interest in a share of Series H Preferred Stock, which is traded on the NYSE under the symbol “FRCPrH.” The Series H Preferred Stock dividend is payable on December 29, 2017, to shareholders of record as of December 18, 2017.

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and later in 2018, Jackson, Wyoming. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit firstrepublic.com.

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Investors:
Addo Communications
Andrew Greenebaum, 310-829-5400
agreenebaum@addoir.com
Lasse Glassen, 310-829-5400
lglassen@addoir.com
or
Media:
Blue Marlin Partners
Greg Berardi, 415-239-7826
greg@bluemarlinpartners.com

Source: First Republic Bank