First Republic Bank was a U.S. private bank that provided personalized banking, lending and wealth-management services to individuals, businesses and nonprofit organizations. Its products included deposit accounts, residential and commercial real estate loans, personal and business lending, investment management, trust services and brokerage services.
Founded in 1985 by James H. Herbert II, the bank developed a relationship-focused business model centered on high-net-worth clients, entrepreneurs, professionals and their businesses. First Republic served customers primarily through offices in major U.S. markets, including California, New York, Massachusetts, Florida, Oregon and Wyoming. Herbert later served as executive chairman, while Michael J. Roffler was chief executive officer during the bank’s final period of independent operations.
First Republic was placed into receivership in May 2023, after which JPMorgan Chase acquired substantially all of its deposits and assets. As a result, First Republic Bank no longer operates as an independent banking institution in its former form.
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