Key Developments: First Republic Bank (FRC)

FRC on New York Consolidated

39.93USD
20 May 2013
Price Change (% chg)

$0.19 (+0.48%)
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$39.74
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$39.86
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$40.05
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$39.63
Volume
893,894
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$40.31
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$29.21

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Latest Key Developments (Source: Significant Developments)

First Republic Bank Announces Pricing of Preferred Stock Offering
Tuesday, 16 Apr 2013 07:34pm EDT 

First Republic Bank announced the pricing of a public offering of 7,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.50% Noncumulative Perpetual Series D Preferred Stock, at a public offering price of $25.00 per depositary share. In addition, First Republic has granted the underwriters an option for up to 30 days to purchase up to an additional 1,000,000 depositary shares at the public offering price less the underwriting discount. The offering is expected to close on April 23, 2013, subject to customary closing conditions. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Goldman, Sachs & Co. and J.P. Morgan are serving as joint book-running managers.  Full Article

First Republic Bank Announces Preferred Stock Offering
Tuesday, 16 Apr 2013 10:45am EDT 

First Republic Bank announced a public offering of depositary shares, each representing a 1/40th interest in a share of First Republic`s Noncumulative Perpetual Series D Preferred Stock, at a public offering price of $25.00 per depositary share. In addition, First Republic will grant the underwriters an option for up to 30 days to purchase additional depositary shares at the public offering price less the underwriting discount. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Goldman, Sachs & Co. and J.P. Morgan are serving as joint book-running managers.  Full Article

First Republic Bank Announces First Quarter Cash Dividend
Monday, 15 Apr 2013 07:00am EDT 

First Republic Bank announced that the Bank announced an increase in quarterly dividend to $0.12 per share of common stock, from $0.10 per share. The first quarter cash dividend of $0.12 per common share is payable on May 15, 2013 to shareholders of record on May 1, 2013.  Full Article

First Republic Bank Declares Dividends On 6.70% Series A, 6.20% Series B And 5.625% Series C Preferred Stock
Thursday, 7 Mar 2013 09:00am EST 

First Republic Bank announced that it has declared cash dividends on all three outstanding series of its preferred stock. A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol FRCPrA. The Series A Preferred Stock dividend is payable on March 29, 2013, to shareholders of record as of March 18, 2013. A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock, which is traded on the NYSE under the symbol FRCPrB. The Series B Preferred Stock dividend is payable on March 29, 2013, to shareholders of record as of March 18, 2013. A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol FRCPrC. The Series C Preferred Stock dividend is payable on March 29, 2013, to shareholders of record as March 18, 2013.  Full Article

First Republic Bank Declares Dividends On 6.70% Series A, 6.20% Series B And 5.625% Series C Preferred Stock
Wednesday, 5 Dec 2012 09:10am EST 

First Republic Bank announced that A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol "FRCPrA." The Series A Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as of December 17, 2012. A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock, which is traded on the NYSE under the symbol "FRCPrB." The Series B Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as of December 17, 2012. An initial cash dividend of $5.781250 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.14453125 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol "FRCPrC." The Series C Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as December 17, 2012.  Full Article

First Republic Bank Announces Pricing of Preferred Stock Offering
Thursday, 15 Nov 2012 06:55pm EST 

First Republic Bank announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.625% Noncumulative Perpetual Series C Preferred Stock, at a public offering price of $25.00 per depositary share. In addition, First Republic has granted the underwriters an option for up to 30 days to purchase up to an additional 900,000 depositary shares at the public offering price less the underwriting discount. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. BofA Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan are serving as joint book-running managers.  Full Article

First Republic Bank To Acquire Luminous Capital Holdings, LLC
Friday, 2 Nov 2012 07:00am EDT 

First Republic Bank and Luminous Capital Holdings, LLC, announced that Luminous Capital will become part of First Republic Investment Management, Inc., a wholly-owned subsidiary of the Bank. Luminous Capital Holdings, LLC, is an independent wealth advisors. Luminous Capital was advised by Keefe, Bruyette & Woods, and the law firm of Paul Hastings, LLP. First Republic was advised by Silver Lane Advisors and the law firm of Arnold & Porter, LLP. Financial terms were not disclosed.  Full Article

First Republic Bank Declares Quarterly Cash Dividend
Wednesday, 17 Oct 2012 06:00am EDT 

First Republic Bank announced that the bank has declared a quarterly cash dividend on its common stock of $0.10 per share. The dividend is payable on November 15, 2012 to shareholders of record on November 1, 2012.  Full Article

First Republic Bank Declares Dividends On Its 6.70% Series A And 6.20% Series B Preferred Stock
Thursday, 6 Sep 2012 09:00am EDT 

First Republic Bank announced that it has declared cash dividends on two series of preferred stock. A quarterly cash dividend of $16.75 per share was declared on its 6.70% Noncumulative Perpetual Series A Preferred Stock. The Series A Preferred Stock dividend is payable on September 28, 2012, to shareholders of record as of September 17, 2012. A quarterly cash dividend of $15.50 per share was declared on its 6.20% Noncumulative Perpetual Series B Preferred Stock. The Series B Preferred Stock dividend is payable on September 28, 2012, to shareholders of record as of September 17, 2012.  Full Article

First Republic Bank Declares Quarterly Cash Dividend
Wednesday, 18 Jul 2012 08:00am EDT 

First Republic Bank announced that it declared an initial quarterly cash dividend of $0.10 per share. The dividend is payable on August 15, 2012 to shareholders of record on August 1, 2012.  Full Article

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