First Republic Announces Preferred Stock Offering

  First Republic Announces 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 a public offering of depositary shares,
each representing a 1/40th interest in a share of First Republic’s
Noncumulative Perpetual Series D Preferred Stock, at a public offering price
of $25.00 per depositary share. In addition, First Republic will grant the
underwriters an option for up to 30 days to purchase additional depositary
shares at the public offering price less the underwriting discount.

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
preliminary offering circular relating to the offering is available at
www.frc-offering.com. Copies of the preliminary offering circular may also be
obtained from Morgan Stanley, Attention: Prospectus Department, 180 Varick
Street, New York, New York 10014, or by email at prospectus@morganstanley.com;
from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New
York, NY 10038, attention: Prospectus Department, or e-mail
dg.prospectus_requests@baml.com, 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:
cmclientsupport@wellsfargo.com 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 preliminary 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 events.

Contact:

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