First Republic Bank Announces Common Stock Offering
FIRST REPUBLIC BANK (FRC)
Last first republic bank earnings: 4/14 06:50 am
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US:NYSE Investor Relations:
ir.firstrepublic.com
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--First Republic Bank (“First Republic”) (NYSE: FRC), a leading private bank and wealth management company, today announced that it has agreed to sell 1,500,000 shares of its common stock in an underwritten public offering. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares from First Republic. BofA Securities, J.P. Morgan and Morgan Stanley are serving as joint bookrunning managers.First Republic intends 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.Closing of the offering is expected to occur on or about November 16, 2020, subject to customary closing conditions.The offering will be made only by means of an offering circular. The preliminary offering circular relating to the offering will be available at www.frc-offering.com and furnished on a Current Repor
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