First Republic Bank Announces “At The Market” Common Stock Offering

SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (“First Republic”) (NYSE: FRC), a leading private
bank and wealth management company, today announced that it has
established an “at-the-market” equity offering program under which it
may sell up to 4,000,000 shares of its common stock.

First Republic has entered into an equity distribution agreement with
Keefe, Bruyette & Woods, a Stifel Company, BofA Merrill
Lynch, J.P. Morgan and Morgan Stanley in their capacity as First
Republic’s distribution agents. Pursuant to this agreement, sales of
shares of First Republic’s common stock may be made in transactions that
are deemed to be “at-the-market” offerings, including sales made by
means of ordinary brokers’ transactions on the New York Stock Exchange
or otherwise at market prices prevailing at the time of sale or as
agreed to with the applicable distribution agent.

First Republic intends to commence offers to sell shares of its common
stock through the distribution agents promptly. First Republic intends
to use the net proceeds from any sales of shares of common stock under
the program for general corporate purposes, which may include, among
other things, funding loans or purchasing investment securities for its
portfolio.

The offerings will be made only by means of an offering circular. The
offering circular relating to the offerings is available at www.frc-offering.com.
Copies of the offering circular may also be obtained from Keefe,
Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh
Avenue, 4th Floor, New York, NY 10019, or by calling (800) 966-1559;
BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, North Carolina 28255-0001, Attention: Prospectus Department,
or email: dg.prospectus_requests@baml.com;
from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, or by calling
toll-free at (866) 803-9204; or from Morgan Stanley & Co. LLC – Attn:
Prospectus Department – 180 Varick Street, 2nd Floor – New York, New
York 10014.

This press release is for informational purposes only and shall not
constitute an offer to sell or a solicitation of an offer to buy the
securities, nor shall there be any sale of the securities in any state
or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction. The securities are neither
insured nor approved by the Federal Deposit Insurance Corporation. The
securities are exempt from registration under the Securities Act of
1933, as amended, pursuant to Section 3(a)(2) thereof.

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries offer private
banking, private business banking and private wealth management,
including investment, trust and brokerage services. First Republic
specializes in delivering exceptional, relationship-based service, with
a solid commitment to responsiveness and action. Services are offered
through preferred banking or wealth management offices primarily in San
Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San
Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach,
Florida; Greenwich, Connecticut; New York, New York; and Jackson Hole,
Wyoming. 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 firstrepublic.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements about First Republic’s expectations, beliefs, plans,
predictions, forecasts, objectives, assumptions or future events or
performance are not historical facts and may be forward-looking. These
statements are often, but not always, made through the use of words or
phrases such as “anticipates,” “believes,” “can,” “could,” “may,”
“predicts,” “potential,” “should,” “will,” “estimates,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “intends” and similar
words or phrases. Accordingly, these statements are only predictions and
involve estimates, known and unknown risks, assumptions and
uncertainties that could cause actual results to differ materially from
those expressed in them. All forward-looking statements are necessarily
only estimates of future results, and there can be no assurance that
actual results will not differ materially from expectations, and,
therefore, you are cautioned not to place undue reliance on such
statements. Any forward-looking statements are qualified in their
entirety by reference to the factors discussed in the section titled
“Risk Factors” in First Republic’s preliminary offering circular
relating to this offering, including the documents incorporated by
reference therein, and other risks described in documents subsequently
filed by First Republic from time to time under the Securities Exchange
Act of 1934, as amended. Further, any forward-looking statement speaks
only as of the date on which it is made, and First Republic undertakes
no obligation to update any forward-looking statement to reflect events
or circumstances after the date on which the statement is made or to
reflect the occurrence of unanticipated events.

Contacts

Investors:
Andrew Greenebaum / Lasse Glassen
Addo
Investor Relations
agreenebaum@addoir.com
lglassen@addoir.com
(310)
829-5400

Media:
Greg Berardi
Blue Marlin Partners
greg@bluemarlinpartners.com
(415)
239-7826