First Republic Bank Announces Common Stock Offering
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First Republic Bank (FRC) Prices 2.5M Share Offering of Common Stock for Gross Proceeds of $237.5M
March 7, 2017 8:56 AM ESTFirst Republic Bank (First Republic) (NYSE: FRC), a leading private bank and wealth management company, today announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $237.5 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 375,000 shares from First Republic. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and UBS Investment Bank are... More
