First Republic Bank Completes $400 Million Underwritten Public Offering

February 13, 2017

S&C client First Republic Bank completed an underwritten public offering of $400,000,000 of its 4.625% subordinated notes due 2047.
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 September 30, 2016, First Republic had total assets of $68.0 billion, total deposits of $55.1 billion, total equity of $6.4 billion and wealth management assets of $80.2 billion.
The S&C team representing First Republic includes Catherine Clarkin, John Miller, Stephen Wilson, Mateo Aceves and Andrew Rogers. Patrick Brown advised on California law matters. Eric Wang, Saul Brander and Slki Hong advised on tax matters. Saul Brander and Andrew Motten advised on ERISA matters.