First Republic (CA) Company Description
First Republic Bank is a trophy bank for people who build trophy homes. The company offers personal and business banking, trust, investment management, and brokerage services for wealthy clients. The bank operates about 50 branches mostly in California's Silicon Valley, Bay area, and the wine country, but also in the Northeast and the Pacific Northwest. The bank's lending focuses on financing the purchase, construction, and renovation of luxury homes. Merrill Lynch bought the bank for some $1.8 billion in 2007; First Republic Bank now operates as a division of Merrill Lynch Bank & Trust. Now Bank of America is buying Merrill Lynch.
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The Company Description provides a historical perspective of First Republic (CA)'s organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of First Republic (CA)'s evolution in the marketplace.
