S&C Advises First Republic Bank in $400 Million Subordinated Notes Offering

June 30, 2016

S&C client First Republic Bank completed an underwritten public offering of $400,000,000 of its 4.375% subordinated notes due 2046.
Founded in 1985, First Republic is a California-chartered commercial bank headquartered in San Francisco. First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. As of March 31, First Republic had total assets of $62.1 billion, total deposits of $50.9 billion, total equity of $6.0 billion and wealth management assets of $73.4 billion.
The S&C team representing First Republic was led by Ms. Clarkin. Mr. Brown advised on California law matters, and Mr. Hochberg advised on tax matters.