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, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, 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.
Publicly traded under the NYSE stock symbol "FRC," First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market IndexSM, the Russell 1000®, Russell 3000® and Russell Global indices, and six Dow Jones indices. The Bank exceeds all of the current regulatory guidelines to be well-capitalized and is a member of the Federal Deposit Insurance Corp. (FDIC) and an Equal Housing Lender.
Our business model at First Republic is distinctly different from most other companies. While we certainly want to grow, and make a profit, we also realize that the best way to do that is through hard work and exceptional client service. Because of this operating philosophy, we are driven by a core set of values that define what we must do every day to best serve our clients.
Do the Right Thing
We strive to do things right at First Republic. We also recognize that we're a business of humans; mistakes will happen. Therefore, our mandate is to do the right thing: act with integrity, own your actions, correct mistakes, learn from experience.
Provide Extraordinary Service
We always aim to exceed expectations and serve our clients in unexpected ways. We'll take on only what we can do right. Our business may be about wealth management and banking, but our success is all about service—exceptional customer service.
Respect the Team
Everyone at First Republic makes a difference and everyone at First Republic deserves to feel that his or her contribution is valued. We place high value on collaboration because we know that the power of many is greater than the power of one.
At First Republic, it's not enough to do our own jobs well. Making sure our clients are satisfied is everyone's job. So if something needs fixing, we step up to the plate, "own" the problem and make things right.
We operate in an environment of trust and encourage openness and flexibility. We hire positive people who act positively. Our goal is to "manage toward yes."
Move Forward, Move Fast
There are two types of organizations—organizations that spend time checking and organizations that spend time doing. We're doers. We value action and decisiveness and recognize that the best opportunities come to those that act quickly.
We've evolved greatly since our inception, expanding ourselves and our business purpose. At First Republic, we embrace change and every person has the opportunity to grow and contribute. We want our people to soar.
We know that if everyone enjoys their work they'll do a better job—and our clients will feel the difference. It's really that simple.
Why Work for Us
|At First Republic Bank, our competitive advantage is our people. We think it’s important to provide benefits that support our employees now and for the future.|
Health & Insurance Benefits
We offer a comprehensive benefits package, including medical, dental and vision plans, life, accident and disability insurance and flexible spending accounts.
We offer a 401(k) plan that includes an automatic enrollment feature, numerous investment options and a company matching contribution to help you save for retirement. Another tool offered to help build long-term savings is the Employee Stock Purchase Plan, which allows employees who have completed one year of service to purchase First Republic common stock at a discount.
Vacation and Holidays
First Republic recognizes the importance of a vacation as a period of rest and relaxation. For that reason, the Bank provides annual paid vacation to employees based on their job type and length of service. The Bank also provides paid holidays, usually following the Federal Reserve and/or NY Stock Exchange calendars.
First Republic offers a variety of other benefits to employees to enhance their quality of life and allow them to take advantage of discounted products and services. Programs include commuter benefits, health advocacy, pet insurance, corporate discounts, tuition assistance and an employee assistance program.
James H. Herbert II
Chairman, Chief Executive Officer (Founding)
Before establishing First Republic Bank in 1985, James H. Herbert II was founding President, Chief Executive Officer and a Director of San Francisco Bancorp. He currently serves as a Trustee of the San Francisco Ballet Association (Chair and Co-chair, 2002-08) and Joyce Theater, New York, and as a Director of Lincoln Center for the Performing Arts and The BASIC Fund. Mr. Herbert earned an MBA in 1969 from New York University and a Bachelor of Science degree in 1966 from Babson College.
Katherine August-deWilde has been a Bank executive since 1985, President since 2007 and served as COO from 1996-2014. Before joining the Bank, she was Senior Vice President and Chief Financial Officer at PMI Group. Ms. August-deWilde is a member of the Board of Directors for TriNet Group, Inc. and Equilar, Inc., a Trustee of the Boys & Girls Club of San Francisco, a member of the Advisory Council of the Stanford Center on Longevity and a member of the Stanford University Graduate School of Business Advisory Council. She earned an MBA in 1975 from Stanford University and a Bachelor of Arts degree in 1969 from Goucher College.
Michael D. Selfridge
Chief Operating Officer
Michael D. Selfridge joined First Republic in 2012. Previously, he was head of U.S. regional banking at Silicon Valley Bank. Mr. Selfridge held various other senior management positions with Silicon Valley Bank over an 18 year period. Prior to this, he was with HSBC and also Wells Fargo Bank. He earned an MBA from the University of San Francisco in 1995 and a Bachelor of Science degree in Economics from California Polytechnic State University, San Luis Obispo in 1989.
First Republic (CA) Photos
- Featured Review
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at First Republic (CA) full-time (More than 3 years)RecommendsPositive OutlookApproves of CEORecommendsPositive OutlookApproves of CEO
I have been here for 4+ years. FRB is "not just another bank" - it is a very successful, greatly respected full service financial firm that has retained many positive qualities of a start-up or a family business. 1. Our attention to customers and clients is off the chart 2. Very, very flat organization - I can approach anyone with an idea or a contribution 3. Cafe - from Wolfgang Puck 4. Pay for performance 5. You get your birthday off (I don't know of any other finance firm that offers something like that) 6. I get to work every day with very smart, very committed, very focused people
1. The pain associated with growth - we have grown explosively since we became independent in 2010 2. Management can trend too conservative sometimes, but I see it improving - they are becoming more open minded and aware what they need to do to be a competitive employer
Advice to Management
1. Maintain the relentless focus on the client and their experience - it is absolutely what distinguishes us 2. As we grow, recognize we will need more and different structural tools (budgets, employee education opportunities) 3. Continue to hold fast to the FRB Values (which are exemplary) and if a concept or situation does not pass Values scrutiny, move on
Getting an Interview
Getting an Interview
- Accepted OfferPositive ExperienceEasy Interview
I applied through a recruiter – interviewed at First Republic (CA).
This process was very quick and seamless. They knew what they wanted and were focused. The questions were to the point and they could also sit down and have a really good conversation with you. The idea was get to know as many people as you can and then see if you really want to be there so I interviewed with a lot of people.
- General stuff. This was ARE YOU A GOOD FIT interview. The questions were really situational. Do not apply if you need to know specific questions. Answer Question
First Republic is a different kind of bank. We and our wealth management affiliates provide exceptional service in everything we do. It’s one of the reasons for our high level of client satisfaction, and why we were named Best Private Bank in North America recently by Private Asset Management Magazine. With more than 60 offices on the West Coast and in the Northeast, we deliver a level of personal service you won’t find anywhere else. First Republic offers a complete range of lending, deposit, investment, trust and brokerage services. We provide comprehensive business ...
Work at First Republic (CA)? Share Your Experiences
- First Republic (CA) update30+ days ago
2014 was another strong year for First Republic. In fact it was our best yet! Our latest annual report: http://glassdoor.com/slink.htm?key=vI6ij
- First Republic (CA) update30+ days ago
INFOGRAPHIC: 6 steps to strengthening company culture http://glassdoor.com/slink.htm?key=vIfNr