SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (NYSE:FRC) has announced that its board of directors has declared a fourth-quarter 2012 common stock cash dividend of $0.10 per share and is accelerating its payment into the fourth quarter. The dividend is payable on December 28, 2012 to shareholders of record on December 17, 2012.
“As the result of our earnings and capital strength, the early payment of the fourth quarter dividend is an action with which we are comfortable and which will benefit our shareholders.”
“First Republic is having a very successful 2012,” said Jim Herbert, Chairman and Chief Executive Officer. “As the result of our earnings and capital strength, the early payment of the fourth quarter dividend is an action with which we are comfortable and which will benefit our shareholders.”
About First Republic Bank
First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, 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. First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market IndexSM, the Russell 1000®, Russell 3000® and Russell Global indices and six Dow Jones indices.