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First Republic Bank
First Republic Bank, founded in 1985, is a US regional bank acquired by JPMorgan Chase in 2024.
First Republic Bank
First Republic Bank was founded in 1985 by James H. Herbert II and others. The bank grew through a focus on high-net-worth clientele and relationship-based banking, offering personalized service in major markets. Wealth origin traces to the founding team and subsequent institutional ownership. The bank's strategy centers on private banking, including mortgages, credit cards, and commercial lending. Asset classes include residential mortgages, commercial real estate loans, and business credit. It serves clients across the US, with a concentration in coastal metropolitan areas. First Republic Bank employed roughly 7,000 professionals before its acquisition by JPMorgan Chase in 2024. The acquisition was completed after the bank's seizure by regulators in May 2023. The bank no longer operates independently. A key structural differentiator was its service model for wealthy clients, combining local branches with high-touch private banking. Post-acquisition, the First Republic brand persists as part of JPMorgan Chase's consumer and commercial banking operations.
General information
Firm type
Bank
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
San Francisco, CA · Cincinnati, OH · Palo Alto, CA
Frequently asked questions
Who founded First Republic Bank?
First Republic Bank was founded by James H. Herbert II and others in 1985. The bank focused on high-net-worth clients and relationship banking.
What happened to First Republic Bank in 2023?
First Republic Bank was seized by regulators in May 2023 after a run on deposits. Its assets were subsequently sold to JPMorgan Chase, which integrated the bank into its operations.
Where does First Republic Bank operate?
First Republic Bank had offices in New York, San Francisco, Cincinnati, and Palo Alto. It served clients primarily in coastal US markets with a focus on wealthy individuals and businesses.
What types of services did First Republic Bank offer?
The bank offered residential mortgages, commercial real estate loans, credit cards, and business banking. It emphasized personalized service for high-net-worth clients.
How large was First Republic Bank before acquisition?
Before its seizure in 2023, First Republic Bank employed about 7,000 professionals. It was a mid-sized regional bank with assets and deposits concentrated in affluent areas.
Is First Republic Bank still operating?
First Republic Bank continues to operate as a brand under JPMorgan Chase, which acquired its assets in 2023. It no longer functions as an independent bank.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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