First Republic Names Mike Selfridge Deputy Chief Operating Officer

Senior Banking Executive Expands Responsibilities

SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC), a private bank and wealth management company, today announced that Mike Selfridge, Senior Executive Vice President, has been named to the additional position of Deputy Chief Operating Officer.

“Mike’s extensive banking and operational experience have proven to be very valuable as we continue to serve the needs of our growing client base”

Selfridge, who currently oversees First Republic’s private banking business in the San Francisco and Silicon Valley areas, will take on additional responsibility, including immediate oversight of Information Technology.

“Mike Selfridge is a very capable leader who has done a terrific job of fitting into our culture and guiding our private banking operations in the San Francisco Bay Area,” said Chairman and CEO Jim Herbert. “Mike’s leadership and banking experience have helped us to continue to expand our franchise.”

Selfridge, 45, joined First Republic in 2012 after 18 years with Silicon Valley Bank, where he was head of regional banking. He earned a Bachelor of Science degree from California Polytechnic State University and an MBA from University of San Francisco.

“Mike’s extensive banking and operational experience have proven to be very valuable as we continue to serve the needs of our growing client base,” said Katherine August-deWilde, President and Chief Operating Officer.

About First Republic Bank

First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market Index^SM, the Russell 1000®, Russell 3000® and Russell Global indices and six Dow Jones indices.