First Republic Bank Chairman and CEO Jim Herbert Reappointed to Federal Advisory Council
January 07 2019 - 9:00AM
Business Wire
First Republic Bank (NYSE: FRC), a leading private bank and
wealth management company, today announced that Jim Herbert,
Chairman and CEO (Founder), has been reappointed for a second term
by the Federal Reserve Bank of San Francisco’s board of directors
to represent the District on the Federal Advisory Council.
Herbert was first appointed to the Federal Reserve’s Federal
Advisory Council in April 2018. The Federal Advisory Council, a
body created by the Federal Reserve Act, consists of twelve members
- generally from the commercial banking industry – one from each of
the twelve Reserve Bank Districts. The council ordinarily meets
four times a year with the Board of Governors in Washington, D.C.,
to discuss economic and banking matters. Members customarily serve
three, one-year terms.
Herbert founded First Republic Bank as CEO in 1985. He holds
board/trustee positions with Babson College, the San Francisco
Ballet Association, Lincoln Center for the Performing Arts, New
York, and The BASIC Fund. In 2014, Herbert was named Banker of the
Year by American Banker. He holds a B.S. from Babson College,
M.B.A. from New York University, and is a Harvard Business School
CEO Presidents’ Program Graduate.
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 and offers a complete line of products,
including residential, commercial and personal loans, deposit
services, and wealth management. 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 is a constituent of the
S&P 500 Index and KBW Bank Index. For more information, visit
firstrepublic.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190107005192/en/
Investors:Andrew Greenebaum / Lasse GlassenAddo Investor
Relationsagreenebaum@addoir.comlglassen@addoir.com(310)
829-5400
Media:Greg BerardiBlue Marlin
Partnersgreg@bluemarlinpartners.com(415) 239-7826
First Republic Bank (NYSE:FRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Republic Bank (NYSE:FRC)
Historical Stock Chart
From Apr 2023 to Apr 2024