First Republic Bank Declares Dividends on Two Series of Perpetual Preferred Stock for First Quarter 2022
March 01 2022 - 9:00AM
Business Wire
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced that it has declared
cash dividends on the following outstanding series of its perpetual
preferred stock.
A quarterly cash dividend of $12.8125 per share was declared on
its Noncumulative Perpetual Series H Preferred Stock. This dividend
equals $0.3203125 per depositary share, each representing 1/40th
interest in a share of Series H Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrH.” The Series H Preferred Stock
dividend is payable on March 30, 2022, to shareholders of record as
of March 16, 2022.
A quarterly cash dividend of $13.75 per share was declared on
its Noncumulative Perpetual Series I Preferred Stock. This dividend
equals $0.343750 per depositary share, each representing 1/40th
interest in a share of Series I Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrI.” The Series I Preferred Stock
dividend is payable on March 30, 2022, to shareholders of record as
of March 16, 2022.
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.
FRC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20220301005199/en/
Investors: Andrew Greenebaum / Lasse Glassen Addo
Investor Relations agreenebaum@addo.com, lglassen@addo.com (310)
829-5400
Media: Greg Berardi Blue Marlin Partners
gberardi@firstrepublic.com (415) 239-7826
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