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SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (NYSE:FRC), a leading private bank and wealth
management company, today announced that it has declared cash dividends
on the following outstanding series of its perpetual preferred stock.

A quarterly cash dividend of $13.75 per share was declared on its
Noncumulative Perpetual Series D Preferred Stock. This dividend equals
$0.343750 per depositary share, each representing 1/40th
interest in a share of Series D Preferred Stock, which is traded on the
NYSE under the symbol “FRCPrD.” The Series D Preferred Stock dividend is
payable on June 28, 2019, to shareholders of record as of June 14, 2019.

A quarterly cash dividend of $14.25 per share was declared on its
Noncumulative Perpetual Series F Preferred Stock. This dividend equals
$0.356250 per depositary share, each representing 1/40th
interest in a share of Series F Preferred Stock, which is traded on the
NYSE under the symbol “FRCPrF.” The Series F Preferred Stock dividend is
payable on June 28, 2019, to shareholders of record as of June 14, 2019.

A quarterly cash dividend of $13.75 per share was declared on its
Noncumulative Perpetual Series G Preferred Stock. This dividend equals
$0.343750 per depositary share, each representing 1/40th
interest in a share of Series G Preferred Stock, which is traded on the
NYSE under the symbol “FRCPrG.” The Series G Preferred Stock dividend is
payable on June 28, 2019, to shareholders of record as of June 14, 2019.

A quarterly cash dividend of $12.8125 per share was declared on its
Noncumulative Perpetual Series H Preferred Stock. This dividend equals
$0.3203125 per depositary share, each representing 1/40th
interest in a share of Series H Preferred Stock, which is traded on the
NYSE under the symbol “FRCPrH.” The Series H Preferred Stock dividend is
payable on June 28, 2019, to shareholders of record as of June 14, 2019.

A quarterly cash dividend of $13.75 per share was declared on its
Noncumulative Perpetual Series I Preferred Stock. This dividend equals
$0.343750 per depositary share, each representing 1/40th
interest in a share of Series I Preferred Stock, which is traded on the
NYSE under the symbol “FRCPrI.” The Series I Preferred Stock dividend is
payable on June 28, 2019, to shareholders of record as of June 14, 2019.

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.

Contacts

Investors:
Andrew Greenebaum / Lasse Glassen
Addo
Investor Relations
[email protected]
[email protected]
(310)
829-5400

Media:
Greg Berardi
Blue Marlin Partners
[email protected]
(415)
239-7826