First Republic Bank Announces Pricing of $500 Million Series K Preferred Stock Offering

SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (“First Republic”) (NYSE: FRC), a leading private bank and wealth management company, today announced the pricing of a public offering of 20,000,000 depositary shares, each representing a 1/40th interest in a share of its 4.125% Noncumulative Perpetual Series K Preferred Stock, at a public offering price of $25.00 per depositary share. The offering is expected to close on or about September 16, 2020, subject to the satisfaction of customary cl