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First Republic Bank (San Francisco, CA) | 5.625% Noncumulative Perpetual Series C Preferred Stock (FRC.PRC)
This preferred is marked as having been called.
Prospectus excerpt: First Republic Bank, a private bank and wealth management company, today announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.625% Noncumulative Perpetual Series C Preferred Stock, at a public offering price of $25.00 per depositary share. In addition, First Republic has granted the underwriters an option for up to 30 days to purchase up to an additional 900,000 depositary shares at the public offering price less the underwriting discount. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. Full Prospectus PDF », Secondary Prospectus PDF », FRC Page »
Series: | C | Alternate symbology: | FRC-C, FRC-PC, FRCprC | Redeemable?: | Yes | Call Date: | 12/29/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 6,000,000 | Overallotment: | 900,000 | Liquidation Preference: | $25.00 | Original Coupon: | 5.625% | Pay Period: | Quarterly | Pay Dates: | 30-Mar, 30-Jun, 30-Sep, 30-Dec | CDx3 Compliance Rating: |
Learn FRC.PRC's Rating
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First Republic Bank is a commercial bank and trust company. Co. provides private banking, private business banking and private wealth management. Co. conducts its business through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment include 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 Co.'s subsidiary, First Republic Investment Management, Inc., which manages investments for individuals and institutions. Preferreds: FRC.PRA, FRC.PRB, FRC.PRC, FRC.PRD, FRC.PRE, FRC.PRF, FRCHL, FRCIL, FRCJL, FRCKL, FRCLL, FRCML, FRCCL Open the FRC Information Page »
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