First Republic Announces Pricing of Preferred Stock Offering

  First Republic Announces Pricing of Preferred Stock Offering

Business Wire

SAN FRANCISCO -- April 16, 2013

First Republic Bank (“First Republic”) (NYSE: FRC), a private bank and wealth
management company, today announced the pricing of a public offering of
7,000,000 depositary shares, each representing a 1/40th interest in a share of
its 5.50% Noncumulative Perpetual Series D Preferred Stock, at a public
offering price of $25.00 per depositary share. In addition, First Republic has
granted the underwriters an option for up to 30 days to purchase up to an
additional 1,000,000  depositary shares at the public offering price less the
underwriting discount. The offering is expected to close on April 23, 2013,
subject to customary closing conditions.

First Republic expects 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.

Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Goldman, Sachs &
Co. and J.P. Morgan are serving as joint book-running managers.

The offering will be made only by means of an offering circular. The offering
circular relating to the offering is available at Copies
of the offering circular may also be obtained from Morgan Stanley, Attention:
Prospectus Department, 180 Varick Street, New York, New York 10014, or by
email at; from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, 222 Broadway, New York, NY 10038, attention: Prospectus
Department, or e-mail, phone: 1-800-294-1322;
from Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675,
Charlotte, North Carolina 28262, Attention: Capital Markets Support, email: or by calling toll-free at 1-800-326-5897 ;
from Goldman, Sachs & Co., 200 West Street, New York, NY 10282, phone: (866)
471-2526; or from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY
10017, Attn: Investment Grade Syndicate Desk, phone: (212) 834-4533.

About First Republic

First Republic Bank and its subsidiaries provide private banking, private
business banking and private wealth management. Founded in 1985, First
Republic specializes in exceptional, relationship-based service offered
through preferred banking or wealth management offices primarily in San
Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego,
Portland, Palm Beach, Boston, Greenwich and New York City. First Republic
offers a complete line of banking products for individuals and businesses,
including deposit services, as well as residential, commercial and personal
loans. First Republic is a component of the S&P Total Market Index, the
Wilshire 5000 Total Market Index^SM, the Russell 1000^®, Russell 3000^® and
Russell Global indices and six Dow Jones indices.

This press release is for informational purposes only and shall not constitute
an offer to sell or a solicitation of an offer to buy the securities, nor
shall there be any sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. The securities are neither insured nor approved by the Federal
Deposit Insurance Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements about First
Republic’s expectations, beliefs, plans, predictions, forecasts, objectives,
assumptions or future events or performance are not historical facts and may
be forward-looking. These statements are often, but not always, made through
the use of words or phrases such as “anticipates,” “believes,” “can,” “could,”
“may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or
phrases. Accordingly, these statements are only predictions and involve
estimates, known and unknown risks, assumptions and uncertainties that could
cause actual results to differ materially from those expressed in them. All
forward-looking statements are necessarily only estimates of future results,
and there can be no assurance that actual results will not differ materially
from expectations, and, therefore, you are cautioned not to place undue
reliance on such statements. Any forward-looking statements are qualified in
their entirety by reference to the factors discussed in the section titled
“Risk Factors” in First Republic’s offering circular relating to this
offering, including the documents incorporated by reference therein, and other
risks described in documents subsequently filed by First Republic from time to
time. Further, any forward-looking statement speaks only as of the date on
which it is made, and First Republic undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which the statement is made or to reflect the occurrence of unanticipated


Addo Communications
Andrew Greenebaum, 310-829-5400
Lasse Glassen, 310-829-5400
Blue Marlin Partners
Greg Berardi, 415-239-7826
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