First Republic Bank

Equities

FRCB

US33616C1009

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0.04 ^USD	-2.44%		0.00%	-2.44%

2023	FDIC set to unveil plan for stricter regional bank rules	RE
2023	Uneasy Optimism on Display at Jackson Hole; Powell Says Fed Will Move Carefully on Rate Hikes	DJ

1st Century Bank expands into California, appoints directors

October 12, 2023 at 09:11 am EDT

1st Century Bank, a division of MidFirst Bank, has expanded into the Santa Barbara, California market, and has appointed Karin Napel and Matt Keenan as VP and managing directors of that market, according to a press release.

Napel previously served as managing director at First Republic Bank and Keenan served as senior relationship manager at First Republic Bank.

"We're proud to further 1st Century Bank's growth in California with our new Santa Barbara presence and are confident that Karin and Matt will form a strong leadership team with their extensive client service backgrounds," Jason DiNapoli, CEO and president of 1st Century Bank, said in the release. "Karin and Matt's shared dedication to providing personal attention and experienced guidance to the communities we serve will ensure a seamless integration."

Latest news about First Republic Bank

FDIC set to unveil plan for stricter regional bank rules	23-08-29	RE
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Turkey's Central Bank Raises Key Interest Rates	23-07-20	DJ
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Company Profile

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.

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