Working at First Republic Bank | Glassdoor

First Republic Bank Overview

San Francisco, CA
1001 to 5000 employees
1985
Company - Public (FRC)
Finance
$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 ... Read more

Company Updates

  • First Republic is honored to have been named a winner of the 2016 NASDAQ Innovation In Financial Education Award.

    First Republic Wins National Award for Innovative Financial Literacy Program

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, has been named a winner of the 2016 NASDAQ Innovation In Financial Education Award for a financial literacy program for elementary students across the country.

  • First Republic is honored to receive the Private Banking – Overall award from Private Asset Management magazine.

    First Republic Wins Top Award for Private Banking

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has been awarded the top honor for private banking by Private Asset Management magazine. The award, Private Banking - Overall, marks the seventh consecutive year that First Republic and its affiliated companies have been honored by Private Asset Management.

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First Republic Bank Video

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First Republic Bank – 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.

https://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 Babson College, 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.


 Michael D. Selfridge Photo

Michael D. Selfridge

Senior Executive Vice President, Chief Banking Officer 


Michael D. Selfridge joined First Republic in 2012. As Chief Banking Officer, he is responsible for Northern California Private Banking, Information Technology, and nationwide Business Banking. Previously, he served as the company’s Chief Operating Officer and also as the Chief Risk Officer. Prior to joining First Republic, Mr. Selfridge 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 serves on the Board of Directors of Catholic Charities of San Francisco. Mr. Selfridge earned a Bachelor of Science degree in Economics from California Polytechnic State University, San Luis Obispo and an MBA from University of San Francisco. He is a graduate of the Harvard Business School’s Advanced Management Program
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Jason C. Bender

Executive Vice President, Chief Operating Officer

Jason C. Bender has been with First Republic Bank since 1999 and is responsible for the overall operations of Deposits and Lending, Online Banking and related digital activities, strategic planning, enterprise data and secondary loan marketing. Additionally, he oversees banking activities in the South Coast California region. Before joining First Republic, Mr. Bender worked for Silicon Valley Bank. He holds an MBA from Stanford University and a Bachelor of Arts from Swarthmore College.

 

First Republic Bank Reviews

3.6
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First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
144 Ratings
  • "Consumer Services Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Services Associate in Boston, MA
    Current Employee - Consumer Services Associate in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Republic Bank full-time (Less than a year)

    Pros

    -Teamwork across departments is phenomenal
    -Great culture & company outlook
    -Many opportunities for growth
    -Great work/life balance & benefits

    Cons

    -Occasional micromanaging, not too often though

    Advice to Management

    None. Keep taking care of your employees.

See All 248 Reviews

First Republic Bank Photos

First Republic Bank photo of: Grand Opening of our Sunnyvale Preferred Banking Office
First Republic Bank photo of: San Diego Team
First Republic Bank photo of: Eagleman
First Republic Bank photo of: Presidio Team
First Republic Bank photo of: Boston Team Volunteers
First Republic Bank photo of: Chinatown Office Anniversary
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First Republic Bank Interviews

Experience

Experience
55%
17%
26%

Getting an Interview

Getting an Interview
32%
28%
20%
12
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1

Difficulty

2.9
Average

Difficulty

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  1.  

    Banker Interview

    Anonymous Interview Candidate
    No Offer
    Negative Experience
    Difficult Interview

    Application

    I applied through an employee referral. The process took 4+ weeks. I interviewed at First Republic Bank.

    Interview

    The recruiter was horrible. He spoke to me twice, the first time he was completely negative and said I was not a good fit for the position. The second time he said I was a great fit and wanted me to take the assessment. He did not follow up and I had to reach out numerous times to just to get updates.

    Interview Questions

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First Republic Bank Awards & Accolades

  • Best Private Bank – Overall, Private Asset Management, 2017
  • Forbes Best Banks in America, Forbes, 2017
  • 2016 NASDAQ Innovation In Financial Education, Nasdaq, 2016
  • Best Private Wealth Manager – Over $5 Billion, Private Asset Management Magazine, 2016
  • Best Banks in America, Forbes, 2016
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