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First Republic Bank T.FRC


Primary Symbol: FRCB Alternate Symbol(s):  FRCIL | FRCJL | FRCKL | FRCLL | FRCCL | FRCHL

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.


GREY:FRCB - Post by User

Post by goldenson May 08, 2013 7:25am
205 Views
Post# 21350991

Interesting Tidbit

Interesting Tidbit

This was interesting in the buried in the results:

"Although we recorded consistent revenue throughout Q1, Canyon had to turn away work in the last six weeks as its staff was fully utilized due to the increased customer activity and the demands of twenty-four hour operations which now accounts for over 50% of Canyon's revenues. In the prior year's Q1 2012, 24-hr operations accounted for less than 10% of Canyon's revenues"

 

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