SAN FRANCISCO–(BUSINESS WIRE)–Oct 30, 2018–First Republic Coffer (“First Republic”) (NYSE: FRC), a arch clandestine coffer and abundance administration company, today appear it is calling for accretion of all of the outstanding depositary shares (the “Series E Depositary Shares”) apropos to its 7.00% Noncumulative Perpetual Series E Adopted Stock (the “Series E Adopted Stock”). There are currently 8,000,000 issued and outstanding Series E Depositary Shares, anniversary apery a 1/40th absorption in a allotment of Series E Adopted Stock (NYSE: FRC-PRE, CUSIP No. 33616C860).
The Series E Depositary Shares will be adored on December 28, 2018 (the “Redemption Date”) at a accretion bulk of $25.00 per Series E Depositary Share, apery an accumulated bulk of $200,000,000, additional all accrued and contributed assets from, and including, September 30, 2018 to, but excluding, the Accretion Date (the “Redemption Price”). The Accretion Bulk will not accumulate absorption from and afterward the Accretion Date. On and afterwards the Accretion Date, the Series E Depositary Shares will no best be accounted outstanding and no added assets will be declared on the Series E Depositary Shares.
The apprehension of accretion allegorical the terms, altitude and procedures for the accretion (the “Redemption Notice”) will be mailed to holders of almanac of Series E Depositary Shares, and is accessible by contacting Computershare Inc. or Computershare Affirmation Company, N.A. (“Computershare”), the alteration abettor for the Series E Depositary Shares, by mail at 250 Royall Street Canton, MA 02021 Attention: Corporate Actions, 1-855-396-2084 (1-781-575-2765 alfresco the United States and Canada). Questions apropos the accretion of the Series E Depositary Shares may be directed to Computershare.
This columnist absolution does not aggregate a apprehension of accretion beneath the affidavit of appellation administering the Series E Depositary Shares and is able in its absoluteness by advertence to the Accretion Apprehension issued by First Republic.
About First Republic Bank
Founded in 1985, First Republic and its subsidiaries activity clandestine banking, clandestine business cyberbanking and clandestine abundance management, including investment, affirmation and allowance services. First Republic specializes in carrying exceptional, relationship-based service, with a solid charge to admiration and action. Casework are offered through adopted cyberbanking or abundance administration 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 afterwards in 2018, Jackson, Wyoming. First Republic offers a complete band of cyberbanking articles for individuals and businesses, including drop services, as able-bodied as residential, bartering and claimed loans. For added information, appointment firstrepublic.com.
This columnist absolution contains advanced statements aural the acceptation of the Clandestine Securities Litigation Reform Act of 1995. Statements about First Republic’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or approaching contest or achievement are not absolute facts and may be forward-looking. These statements are often, but not always, fabricated through the use of words or phrases such as “anticipates,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimates,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and agnate words or phrases. Accordingly, these statements are alone predictions and absorb estimates, accepted and alien risks, assumptions and uncertainties that could account absolute after-effects to alter materially from those bidding in them. All advanced statements are necessarily alone estimates of approaching results, and there can be no affirmation that absolute after-effects will not alter materially from expectations, and, therefore, you are cautioned not to abode disproportionate assurance on such statements. Any advanced statements are able in their absoluteness by advertence to the factors discussed in First Republic’s Annual Report on Form 10-K for the year concluded December 31, 2017 and in our added filings beneath the Securities Exchange Act of 1934, as amended. Further, any advanced account speaks alone as of the date on which it is made, and First Republic undertakes no obligation to amend any advanced account to reflect contest or affairs afterwards the date on which the account is fabricated or to reflect the accident of hasty events.
Andrew Greenebaum / Lasse Glassen, 310-829-5400
Greg Berardi, 415-239-7826
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: First Republic Bank
Copyright Business Wire 2018.
PUB: 10/30/2018 08:30 AM/DISC: 10/30/2018 08:30 AM
Copyright Business Wire 2018.
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