FIRST REPUBLIC BANK (FRC)
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FIRST REPUBLIC BANK (FRC)
FIRST REPUBLIC BANK (FRC)
FIRST REPUBLIC BANK (FRC)
First Republic Bank Announces First Quarter 2020 Earnings and Conference Call Date
SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will release first quarter 2020 financial results before the market opens on Tuesday, April 14, 2020. First Republic Bank will conduct a conference call to discuss the results at 7:00 a.m. PT / 10:00 a.m. ET the same day. To access the event by telephone, please dial (800) 458-4148 and use confirmation code 1291711# approximately 15 minutes prior to the start
First Republic Bank Declares Dividend on Series J Perpetual Preferred Stock for Second Quarter 2020
SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared a cash dividend of $11.75 per share on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol “FRCPrJ.” The Series J Preferred Stock dividend is payable on April 30, 2020 to
Rising Costs Might Hurt First Republic Profits: Time to Sell?
Though rise in loan originations acts as a tailwind for First Republic Bank (FRC), the profitability is likely to be hampered on increasing costs and decreasing net interest margin (NIM).
Hamilton Lane enters into USD75 million term loan agreement with First Republic Bank
26th Mar 2020 - 2:46pm Hamilton Lane enters into USD75 million term loan agreement with First Republic Bank Submitted By James Williams | 26/03/2020 - 2:46pm Hamilton Lane Advisors, a leading PE advisory firm with more than USD421 billion in advisory assets and north of USD66 billion in discretionary AUM, has filed an 8K with the Securities Exchange Commission, having entered into a USD75 million Multi-Draw Term Loan and Security Agreement with First Republic Bank. Under the term loan agreement, Hamilton Lane will have the ability to draw upon the USD75 million loan facility over the next 12 months, according to the 8K filing. The term loan facility is for working capital and general corporate purposes. Borrowings under the term loan facility, which matures on 1 July, 2030, accrue interest at a rate of 4 per cent. The term loan agreement contains covenants that, among other things, limit Hamilton Lane’s ability to incur indebtedness. These include: transfer or dispose of assets; merge with other companies; create, incur or allow liens; make investments; pay dividends or make distributions; engage in transactions with affiliates; and take certain actions with respect to management fees.
First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock for First Quarter 2020
SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock. A quarterly cash dividend of $14.25 per share was declared on its Noncumulative Perpetual Series F Preferred Stock. This dividend equals $0.356250 per depositary share, each representing 1/40th interest in a share of Series F Preferred Stock, which is traded
San Francisco Housing Accelerator Fund Secures $100 Million Commitment From First Republic Bank to Finance Affordable Housing
SAN FRANCISCO--(BUSINESS WIRE)--The San Francisco Housing Accelerator Fund (SFHAF) announced today a $100 million commitment from First Republic Bank (NYSE:FRC) in the form of a revolving credit facility to support the preservation of affordable housing in San Francisco through SFHAF’s anti-displacement lending program. A public-private partnership, SFHAF provides flexible loans to nonprofit community partners so they can compete with market-rate development corporations to purchase buildings f
First Republic Bank to Present at Upcoming March Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced it will present at the following upcoming investor conferences: Raymond James Institutional Investors Conference to be held at the JW Marriott Hotel in Orlando, Florida. Bob Thornton, President, Private Wealth Management, and Olga Tsokova, Chief Accounting Officer, will present at the conference at 9:15 a.m. ET on Tuesday, March 3, 2020. RBC Capital Markets Finan
Goldman Sachs Loses $10 Billion Wealth Teams to Rival Banks
(Feb 19): Goldman Sachs Group Inc., which has made expanding wealth management a priority, lost advisers overseeing $10 billion in assets to UBS Group AG and First Republic Bank. A team headed by Denis Cleary and Gregory Devine with $6 billion in assets under management will move to UBS and maintain offices in Boston and Los Angeles, the Zurich-based bank said Tuesday in a statement. The group has clients in more than 25 U.S. states.
First Republic Bank (FRC) Up 0.5% Since Last Earnings Report: Can It Continue?
First Republic Bank (FRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
IN BRIEF: Facebook taps top privacy lawyer from First Republic
The top privacy lawyer at First Republic Bank said she is leaving for a similar spot at Facebook Inc, as the social media company grapples with recent government fines and criticism over its handling of consumer data.
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