New Location and Expanded Capabilities Provide More Options to Clients
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 21, 2020-- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced the opening of a trust company in Wyoming.
First Republic Trust Company of Wyoming allows clients to realize the advantages of Wyoming trusts and further expands First Republic’s wealth management capabilities and its presence in Jackson, Wyoming.
First Republic Trust Company of Wyoming is part of First Republic Private Wealth Management, which had more than $151 billion in assets under management as of Dec. 31, 2019. First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments. First Republic Private Wealth Management complements First Republic’s comprehensive private banking and business banking capabilities.
“First Republic Trust Company of Wyoming offers our clients more solutions to effectively manage and transfer wealth across generations,” said Kelly Johnston, President of First Republic Trust Company. “Alongside First Republic Trust Company of Delaware, our new Wyoming trust capabilities are designed to meet growing demand from our clients across the country who seek the widest range of solutions delivered with First Republic’s brand of exceptional service.”
First Republic Trust Company can serve as the fiduciary (trustee, co-trustee or successor trustee) on revocable, irrevocable, testamentary, charitable, marital, estate settlement and administrative trusts. In addition, the Trust Company can also serve as executor or co-executor/personal representative or co-personal representative.
Chartered in California, First Republic already has trust powers in California, Oregon, Washington, New York, Connecticut, Massachusetts, Florida and Delaware. The new Wyoming trust subsidiary expands First Republic’s special situs jurisdiction and introduces enhanced capabilities for clients who wish to create trusts under Wyoming’s unique legal statues.
To learn more about First Republic Private Wealth Management, click here. To see our growing team of wealth management professionals, 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.
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Source: First Republic Bank
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