{"id":408611,"date":"2021-01-05T09:03:33","date_gmt":"2021-01-05T14:03:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408611"},"modified":"2021-01-05T09:03:33","modified_gmt":"2021-01-05T14:03:33","slug":"first-republic-bank-declares-dividends-on-series-j-and-k-perpetual-preferred-stock-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-republic-bank-declares-dividends-on-series-j-and-k-perpetual-preferred-stock-2\/","title":{"rendered":"First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock <\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFirst 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.\n<\/p>\n<p>\nA quarterly cash dividend of $11.75 per share was declared on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1\/40<sup>th<\/sup> interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol \u201cFRCPrJ.\u201d The Series J Preferred Stock dividend is payable on January 29, 2021, to shareholders of record as of January 15, 2021.\n<\/p>\n<p>\nA quarterly cash dividend of $10.3125 per share was declared on its Noncumulative Perpetual Series K Preferred Stock. This dividend equals $0.25781250 per depositary share, each representing 1\/40<sup>th<\/sup> interest in a share of Series K Preferred Stock, which is traded on the NYSE under the symbol \u201cFRCPrK.\u201d The Series K Preferred Stock dividend is payable on January 29, 2021, to shareholders of record as of January 15, 2021.\n<\/p>\n<p><b><span class=\"bwuline\">About First Republic Bank<\/span><\/b><\/p>\n<p>\nFounded 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&amp;P 500 Index and KBW Nasdaq Bank Index. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firstrepublic.com&amp;esheet=52356077&amp;newsitemid=20210105005125&amp;lan=en-US&amp;anchor=firstrepublic.com&amp;index=1&amp;md5=60fae713f16e0958a1020a674fd3bb0a\">firstrepublic.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210105005125\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210105005125\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/>Andrew Greenebaum \/ Lasse Glassen<br \/>\n<br \/>Addo Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:agreenebaum@addoir.com\">agreenebaum@addoir.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:lglassen@addoir.com\">lglassen@addoir.com<br \/>\n<\/a><br \/>(310) 829-5400<\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Greg Berardi<br \/>\n<br \/>Blue Marlin Partners<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:greg@bluemarlinpartners.com\">greg@bluemarlinpartners.com<br \/>\n<\/a><br \/>(415) 239-7826\n<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210105005125\/en\/559545\/3\/First+Republic+centered.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; 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 $11.75 per share was declared on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1\/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol \u201cFRCPrJ.\u201d The Series J Preferred Stock dividend is payable on January 29, 2021, to shareholders of record as of January 15, 2021. A quarterly cash dividend of $10.3125 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-republic-bank-declares-dividends-on-series-j-and-k-perpetual-preferred-stock-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-408611","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-republic-bank-declares-dividends-on-series-j-and-k-perpetual-preferred-stock-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"First Republic Bank Declares Dividends on Series J and K Perpetual Preferred Stock SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; 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 $11.75 per share was declared on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1\/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol \u201cFRCPrJ.\u201d The Series J Preferred Stock dividend is payable on January 29, 2021, to shareholders of record as of January 15, 2021. 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