Ann Houston Joins First Republic's Community Advisory Board
First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Ann Houston, founding CEO of Opportunity Communities and a long-time housing and community development advocate, has joined the bank’s Community Advisory Board.
As CEO of Boston-based Opportunity Communities (OppCo), Houston leads an organization focused on improving the capacity and efficiency of local community developers. Prior to founding OppCo, Houston was the Executive Director at The Neighborhood Developers (TND), where she completed $85 million of real estate development, including the Box District, a recipient of the 2014 Urban Institute’s Jack Kemp Award for Excellence in Affordable and Workforce Housing. Houston also played a key role in expanding TND’s programs to include financial capability building and workforce development services.
Houston serves on the Board of Massachusetts Housing Investment Corporation (MHIC), the Multi-Family Advisory Board of MassHousing and is a commissioner of the Newton Housing Authority.
Jim Herbert, Chairman, CEO & Founder of First Republic, said: “Ann is a leader in affordable housing, and her vision closely aligns with First Republic’s. Ann’s expertise will advance the very meaningful work being done by the Community Advisory Board. We’re delighted Ann has joined us.”
Ann Houston, said: “First Republic is a strong supporter of low-to-moderate income and underserved minority communities. I’m looking forward to working closely with the distinguished members of First Republic’s Community Advisory Board.”
The mission of First Republic’s Community Advisory Board is to further strengthen the bank’s fair lending and Community Reinvestment Act (CRA) programs for low-to-moderate income and underserved minority communities. The Board provides strategic guidance that advances the bank’s initiatives regarding affordable housing, small business and economic development, and financial empowerment.
The members of the Community Advisory Board are:
- Faith Bautista, President and Chief Executive Officer, National Asian American Coalition (NAAC), and President and Chief Executive Officer, National Diversity Coalition (NDC).
- John Hope Bryant, Founder, Chairman and Chief Executive Officer, Operation HOPE
- Susan M. Ifill, Chief Executive Officer, Neighborhood Housing Services of New York City (NHSNYC).
- Janice Jensen, President and Chief Executive Officer, Habitat for Humanity East Bay/Silicon Valley. Jensen is the current Board chair.
- Claudia Viek, Founder and Catalyst, Invest In Women Entrepreneurship Initiative.
For more information about the Community Advisory Board and First Republic’s commitment to its communities, click here.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 and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index. For more information, visit firstrepublic.com.