First Republic Bank declares dividends on three series of perpetual preferred shares | Business

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SAN FRANCISCO – (BUSINESS WIRE) – July 6, 2021–

First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred shares.

A quarterly cash dividend of $ 11.75 per share was declared on its Series J perpetual non-cumulative preferred shares. This dividend is equal to $ 0.293750 per custodian share, each representing 1 / 40th of interest in one. Preferred Share, Series J, which trades on the NYSE under the symbol “FRCPrJ”. The dividend for the Series J preferred shares is payable on July 30, 2021 to shareholders of record on July 16, 2021.

A quarterly cash dividend of $ 10.3125 per share was declared on his Series K perpetual non-cumulative preferred shares. This dividend is equal to $ 0.25781250 per custodian share, each representing 1/40 of the interest in a Preferred Share, Series K, which trades on the NYSE under the symbol “FRCPrK”. The dividend for the Series K preferred shares is payable on July 30, 2021 to shareholders of record on July 16, 2021.

A quarterly cash dividend of $ 10.6250 per share was declared on its Series L non-cumulative perpetual preferred shares. This dividend is equal to $ 0.265625 per custodian share, each representing 1 / 40th of interest in a Series L preferred share, which trades on the NYSE under the symbol “FRCPrL”. The dividend for the Series L preferred shares is payable on July 30, 2021 to shareholders of record on July 16, 2021.

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries provide private banking, corporate private banking and private wealth management services, including investment, trust and brokerage services. First Republic specializes in providing exceptional relationship services and offers a full range of products including residential, business and personal loans, deposit services and wealth management. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is included in the S&P 500 Index and the KBW Nasdaq Bank Index. For more information, visit firstrepublic.com.

FRC-F

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210706005187/en/

CONTACT: Investors:

Andrew Greenebaum / Lasse Glassen

Addo Investor Relations

accordnebaum @ addoir.com, lglassen @ addoir.com

(310) 829-5400 Media:

Greg Berardi

Blue Marlin Partners

[email protected]firstrepublic.com

(415) 239-7826

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES COMMUNICATIONS FINANCES BANKING CONSULTING ACCOUNTING PUBLIC RELATIONS / INVESTOR RELATIONS

SOURCE: Bank of the First Republic

Copyright Business Wire 2021.

PUB: 07/06/2021 9:00 a.m. / DISC: 07/06/2021 09:02 a.m.

http://www.businesswire.com/news/home/20210706005187/en

Copyright Business Wire 2021.



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