First Republic Bank Declares Dividends On Five Series Of Preferred Stock

SAN FRANCISCO, Dec. 6, 2013 /PRNewswire/ -- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on all five outstanding series of its preferred stock.

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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 1/40^th 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 30, 2013, to shareholders of record as of December 19, 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 1/40^th 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 30, 2013, to shareholders of record as of December 19, 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 1/40^th 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 30, 2013, to shareholders of record as December 19, 2013.

A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock.  This dividend equals $0.343750 per depositary share, each representing 1/40^th interest in a share of Series D Preferred Stock, which is traded on the NYSE under the symbol "FRCPrD."  The Series D Preferred Stock dividend is payable on December 30, 2013, to shareholders of record as December 19, 2013.

An initial cash dividend of $12.0555556 per share was declared on its Noncumulative Perpetual Series E Preferred Stock.  This dividend equals $0.3013889 per depositary share, each representing 1/40^th interest in a share of Series E Preferred Stock, which is traded on the NYSE under the symbol "FRCPrE."  The Series E Preferred Stock dividend is payable on December 30, 2013, to shareholders of record as December 19, 2013.

About First Republic Bank
First Republic Bank (NYSE:FRC) is a full-service bank specializing in private banking and private business banking.  The Bank's wealth management affiliates offer trust, investment consulting and advisory services. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich, Palm Beach and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.

SOURCE First Republic Bank

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