FRC fundamentals

First Republic Bank engages in the provision of private banking, private business banking, and wealth management. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment gathers deposits, originates and services loans, and invests in investment securities. The Wealth Management segment includes investment management activities of FRIM, money market mutual fund activities and brokerage activities of FRSC, sales of life insurance policies and annuity contracts through FRSC, trust and custody services, and foreign exchange activities. The company was founded by James H. Herbert II in 1985 and is headquartered in San Francisco, CA.