Bank Expands Services To Venture Capital, Private Equity And Investment Funds
SAN FRANCISCO, Sept. 10, 2007 – First Republic Bank (NYSE: FRC), a leading provider of wealth management, private banking and private business banking services, today announced that Tod Racine, a financial services professional with more than 20 years of experience, has been appointed Managing Director, Business Banking.
Racine will work with venture capital, private equity firms and investment funds to provide the Bank’s comprehensive range of private banking, private business banking, investment management and trust services, and real estate lending. First Republic’s products and services designed specifically for these firms include capital call bridge facilities, deposit services, foreign currency services, letters of credit, lines of credit, and online banking, as well as business escrows, brokerage, securities custody, and cash management.
Located at the Bank’s office at 111 Pine Street in San Francisco, Racine will work closely with other First Republic bankers who serve venture capital, private equity, real estate funds and investment management clients at the Bank’s offices in San Francisco, Palo Alto, Boston, and New York.
“Tod Racine is a terrific banker who understands the unique needs of venture capital, private equity and investment firms, and he will help First Republic strengthen its leadership in key markets,†said Katherine August-deWilde, Executive Vice President and Chief Operating Officer of First Republic Bank. “First Republic has been very successful meeting the special needs of the investment community by providing a complete set of products, exceptional client service and office locations on both coasts.â€
Prior to joining First Republic, Racine worked for Venture Banking Group in San Francisco and Palo Alto for 10 years as Senior Vice President, Senior Credit Officer and Relationship Manager. Prior to that, he was Manager of Independent Business for Toronto Dominion Bank in British Columbia, Canada. Racine has a Bachelor of Business Administration and an MBA from Simon Fraser University in Vancouver, Canada.
First Republic Bank has offices in the San Francisco Bay Area, throughout California, and in Portland, Seattle, Las Vegas, Boston and New York. First Republic’s wealth management subsidiaries include investment advisors First Republic Investment Management and First Republic Wealth Advisors, First Republic Trust Company, and First Republic Securities Company LLC, member FINRA/SIPC, a securities broker-dealer.
About First Republic Bank
First Republic Bank is a NYSE-traded private bank and wealth management firm. The Bank and its subsidiaries specialize in providing personalized, relationship-based services, including private banking, private business banking, investment management, trust, brokerage and real estate lending. As of June 30, 2007, the Bank and its subsidiaries had total Bank assets and other managed assets of $34.1 billion. First Republic Bank provides access to its services online and through preferred banking or trust offices in ten major metropolitan areas: San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Las Vegas, Portland, Seattle, Boston and New York City. More information is available on the Bank’s website at www.firstrepublic.com.
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Contact:
Greg Berardi
Blue Marlin Partners
415-239-7826
