| Business Summary | | First
Republic
Bank
is
Nevada
chartered
commercial
bank
operating
principally
in
California
and
Nevada.
The
Bank
specializes
in
private
banking,
investment
management,
trust
services,
and
real
estate
lending.
Its
wholly-owned
investment
advisory
subsidiary,
Trainer,
Wortham
&
Company,
manages
$3.6
billion
in
assets
in
equity,
balanced,
and
fixed
income
accounts.
Additionally,
the
Bank
holds
an
equity
interest
in
Froley,
Revy
Investment
Company
which
manages
approximately
$3.3
billion
of
assets
primarily
in
convertible
securities.
First
Republic
Bank
provides
its
services
in
five
major
metropolitan
markets
including
San
Francisco/Silicon
Valley,
Los
Angeles/Beverly
Hills,
San
Diego,
Las
Vegas
and
New
York
City. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRC
is
a
chartered
commercial
bank
specializing
in
private
banking,
investment
management,
trust
services
and
real
estate
lending.
For
the
six
months
ended
6/01,
total
interest
income
rose
4%
to
$144
million.
Net
interest
income
after
LLP
rose
21%
to
$57.1
million.
Net
income
fell
2%
to
$11.2
million.
Net
interest
income
reflects
increased
yields
on
loans,
and
higher
interest
spreads.
Earnings
were
offset
by
high
costs
of
introducing
new
products,
and
branches
and
staff
addition. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Roger Walther, 64 | Chairman | James Herbert, 55 | Pres,
CEO, Director | Katherine August-deWilde, 52 | Exec.
VP, COO, Director | James Baumberger, 57 | Exec.
VP, Director | Walter Cook, 45 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|