Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 5:02 AM
Slide #277. 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 private bank and wealth management company, today announced the pricing of a public offering of 8,000,000 depositary shares, each representing a 1/40th interest in a share of its 7.00% Noncumulative Perpetual Series E Preferred Stock, at a public offering price of $25.00 per depositary share. The offering is expected to close on October 28, 2013, 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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