SAN FRANCISCO--(BUSINESS WIRE)--Jan. 7, 2019-- First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that Jim Herbert, Chairman and CEO (Founder), has been reappointed for a second term by the Federal Reserve Bank of San Francisco’s board of directors to represent the District on the Federal Advisory Council.
Herbert was first appointed to the Federal Reserve’s Federal Advisory Council in April 2018. The Federal Advisory Council, a body created by the Federal Reserve Act, consists of twelve members - generally from the commercial banking industry – one from each of the twelve Reserve Bank Districts. The council ordinarily meets four times a year with the Board of Governors in Washington, D.C., to discuss economic and banking matters. Members customarily serve three, one-year terms.
Herbert founded First Republic Bank as CEO in 1985. He holds board/trustee positions with Babson College, the San Francisco Ballet Association, Lincoln Center for the Performing Arts, New York, and The BASIC Fund. In 2014, Herbert was named Banker of the Year by American Banker. He holds a B.S. from Babson College, M.B.A. from New York University, and is a Harvard Business School CEO Presidents’ Program Graduate.
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 Hole, Wyoming. First Republic is a constituent of the S&P 500 Index and KBW Bank Index. For more information, visit firstrepublic.com.
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Source: First Republic Bank
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