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First Republic (CA) – Why Work For Us?

COMPANY PROFILE


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.


OUR HERITAGE

Over the years, First Republic’s focus on exceptional, relationship-based service and consistent leadership has led to continuous growth and profitability.
 

INVESTOR INFORMATION

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 Approach

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.
 
 

 

Take Responsibility

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.

 

Think Positively

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.

 

Grow

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.
 

 

Have Fun

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.

http://youtu.be/n4_HSafsiL0

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.

Retirement Benefits

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.

Additional Benefits

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 Photo

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 Photo

Katherine August-deWilde

President

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 Photo

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

First Republic (CA) Reviews

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First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
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  • Featured Review

    Helpful (5)

    Never a Dull Moment: High Growth, Fast Paced, Meritocracy

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Republic (CA) full-time (More than 10 years)

    Pros

    The people. I am fortunate to work with some truly amazing people who are incredibly smart and experienced and who have high standards for themselves, work hard, enjoy what they do and know how to have fun. I get to work with people who have a passion for service, enjoy doing the right thing and have a desire to help others. The culture. There is a shared belief in the importance in and value of collaboration, the team, responsibility, trust, empowerment and accountability. The pace. One of our values is quite literally reflective of how we operate: move fast, move forward. This creates a work day filled with a lot of activity and I enjoy being busy, having a lot to do and working in a fast paced environment.

    Cons

    If you are looking for a job or a company that is focused on a 9 to 5 work day, this is not the place for you.

    Advice to Management

    Continue to maintain an ‘open-door’ policy. Further the efforts to visit other offices outside of SF. Promote the importance of the continued maintenance of the unique and collaborative service culture that is First Republic.


First Republic (CA) Interviews

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  1.  

    Digital Banking Associate Interview

    Anonymous Employee in Walnut Creek, CA
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through an employee referral. The process took a week. I interviewed at First Republic (CA) (Walnut Creek, CA) in August 2015.

    Interview

    First Republic wants to find key players for their team. They invest an appropriate amount of time into each candidate and it definitely shows. As a rapidly growing niche banking market, they know what they are looking for and don't stop until they find the ideal candidate for the position. I went through 6 rounds of interviews in multiple locations and enjoyed each of them equally. The personable feel that i received from each interviewee was unparalleled to any other financial institution that I have ever applied to. The folks at First Republic made me feel like home immediately.

    Interview Questions

    Negotiation

    No negotiation was needed, I came into the interview knowing the direction I wanted to take with my career & First Republic provided the opportunity that I was hoping for.

First Republic (CA) Awards & Accolades

Something missing? Add an award
Best Private Bank in North America , Private Asset Management Magazine, 2011
Private Banking – Client Service , Private Asset Management Magazine, 2012
2020 Women on Boards Award , 2020 Women on Boards, 2014
Best Banks in America , Forbes, 2014
Top 40 Wealth Managers , Barrons, 2014
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Additional Info

Website www.firstrepublic.com
Headquarters San Francisco, CA
Size 1000 to 5000 Employees
Founded 1985
Type Company - Public (FRC)
Industry Finance
Revenue $1 to $2 billion (USD) per year

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 ... More

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Recent Updates
  • First Republic (CA) update
    30+ 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) update
    30+ days ago

    INFOGRAPHIC: 6 steps to strengthening company culture http://glassdoor.com/slink.htm?key=vIfNr

    6 Steps to Strengthening Company Culture (Infographic)

    Company culture is a big deal. It factors in when making hiring decisions, as well as branding and marketing decisions. While it's often referred to as a "vibe," or otherwise something unquantifiable, company culture can -- in many ways -- affect a project or a company's success.

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