SAN FRANCISCO, Dec. 4, 2015 /PRNewswire/ -- First Republic
Bank (NYSE:FRC), a leading private bank and wealth management
company, today announced that it has declared cash dividends on all
six outstanding series of its perpetual preferred stock.
A quarterly cash dividend of $16.75 per share was declared on its
Noncumulative Perpetual Series A Preferred Stock. This
dividend equals $0.418750 per
depositary share, each representing 1/40th interest in a
share of Series A Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrA." The Series A Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
A quarterly cash dividend of $15.50 per share was declared on its
Noncumulative Perpetual Series B Preferred Stock. This
dividend equals $0.38750 per
depositary share, each representing 1/40th interest in a
share of Series B Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrB." The Series B Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
A quarterly cash dividend of $14.0625 per share was declared on its
Noncumulative Perpetual Series C Preferred Stock. This
dividend equals $0.3515625 per
depositary share, each representing 1/40th interest in a
share of Series C Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrC." The Series C Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
A quarterly cash dividend of $13.75 per share was declared on its
Noncumulative Perpetual Series D Preferred Stock. This
dividend equals $0.343750 per
depositary share, each representing 1/40th interest in a
share of Series D Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrD." The Series D Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
A quarterly cash dividend of $17.50 per share was declared on its
Noncumulative Perpetual Series E Preferred Stock. This
dividend equals $0.4375 per
depositary share, each representing 1/40th interest in a
share of Series E Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrE." The Series E Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
A quarterly cash dividend of $14.25 per share was declared on its
Noncumulative Perpetual Series F Preferred Stock. This
dividend equals $0.356250 per
depositary share, each representing 1/40th interest in a
share of Series F Preferred Stock, which is traded on the NYSE
under the symbol "FRCPrF." The Series F Preferred Stock
dividend is payable on December 30,
2015, to shareholders of record as of December 18, 2015.
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.
For more information, visit www.firstrepublic.com.
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SOURCE First Republic Bank