First Republic Announces Launch Of Secondary Offering By Selling Shareholders

First Republic Bank (“First Republic”) (NYSE: FRC), a private bank and wealth management company, today announced the launch of a secondary public offering of 10,220,000 shares of its common stock. All of the shares in the offering are being sold by shareholders of First Republic, including certain members of First Republic’s management. In addition, the selling shareholders will grant the underwriters an option to purchase up to an additional 1,533,000 shares at the public offering price less the underwriting discount from the selling shareholders. First Republic will not receive any proceeds from the sale of common stock by the selling shareholders.

J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Jefferies 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 J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at [phone]; from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or by emailing [e-mail]; from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, New York 10014, by calling toll-free at [phone] or by email at [e-mail]; or from Jefferies at Equity Syndicate Prospectus Department, Jefferies & Company, 520 Madison Avenue, 12th Floor, New York, NY 10022, or by calling toll-free at [phone], or by email at [e-mail].

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, 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.

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