First Republic Bank

Equities

FRCB

US33616C1009

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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

First Republic Bank Announces Net Charge-Offs for the Second Quarter Ended June 30, 2021

July 13, 2021 at 07:00 am EDT

First Republic Bank announced net charge-offs for the second quarter ended June 30, 2021. For the quarter, the company's net charge-offs were only $1.2 million, or less than 1 basis point of average loans.

Latest news about First Republic Bank

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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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