First Republic Opens Wyoming Trust Company
January 21 2020 - 9:00AM
Business Wire
New Location and Expanded Capabilities
Provide More Options to Clients
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced the opening of a trust
company in Wyoming.
First Republic Trust Company of Wyoming allows clients to
realize the advantages of Wyoming trusts and further expands First
Republic’s wealth management capabilities and its presence in
Jackson, Wyoming.
First Republic Trust Company of Wyoming is part of First
Republic Private Wealth Management, which had more than $151
billion in assets under management as of Dec. 31, 2019. First
Republic Private Wealth Management provides customized wealth
management solutions, including trust, investment management and
brokerage services, to high net worth individuals and families,
foundations, and endowments. First Republic Private Wealth
Management complements First Republic’s comprehensive private
banking and business banking capabilities.
“First Republic Trust Company of Wyoming offers our clients more
solutions to effectively manage and transfer wealth across
generations,” said Kelly Johnston, President of First Republic
Trust Company. “Alongside First Republic Trust Company of Delaware,
our new Wyoming trust capabilities are designed to meet growing
demand from our clients across the country who seek the widest
range of solutions delivered with First Republic’s brand of
exceptional service.”
First Republic Trust Company can serve as the fiduciary
(trustee, co-trustee or successor trustee) on revocable,
irrevocable, testamentary, charitable, marital, estate settlement
and administrative trusts. In addition, the Trust Company can also
serve as executor or co-executor/personal representative or
co-personal representative.
Chartered in California, First Republic already has trust powers
in California, Oregon, Washington, New York, Connecticut,
Massachusetts, Florida and Delaware. The new Wyoming trust
subsidiary expands First Republic’s special situs jurisdiction and
introduces enhanced capabilities for clients who wish to create
trusts under Wyoming’s unique legal statues.
To learn more about First Republic Private Wealth Management,
click here. To see our growing team of wealth management
professionals, click here.
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, Wyoming. First Republic is a constituent of the
S&P 500 Index and KBW Nasdaq Bank Index. For more information,
visit firstrepublic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200121005126/en/
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
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