Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 9:12 AM
Slide #145. First Republic Bank — Preferred Stock Offering
||First Republic Bank (NYSE:FRC)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||First Republic Bank ("First Republic") (NYSE: FRC), a leading private bank and wealth management company, today announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.50% Noncumulative Perpetual Series G Preferred Stock, at a public offering price of $25.00 per depositary share. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 900,000 depositary shares from First Republic. The offering is expected to close on February 10, 2016, subject to customary closing conditions.
First Republic Bank is a commercial bank and trust company. Co. focuses on providing personalized, relationship-based services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services. Co. conducts its business through two reportable business segments: Commercial Banking and Wealth Management. Co. provides its services in the following areas: San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, OR; Boston, New York City, Greenwich and Palm Beach, FL. As of Dec 31 2016, Co. had total assets of $73.28 billion and total deposits of $58.60 billion.
Preferreds: FRC.PRC, FRC.PRD, FRC.PRE, FRC.PRF
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