The program is offered by First Republic to all full-time or part-time employees who work a minimum of 20 hours a week. The benefit is also available to First Republic employees who have taken out educational loans on behalf of their children. First Republic will make the contribution, during employment at the Bank, for the life of the loan.
"First Republic is expanding our Student Loan Repayment program because of the extremely positive response we've received from employees," said Jim Herbert, Chairman and CEO of First Republic. "This program is another innovative benefit to support our colleagues and their families."
First Republic's employee benefits programs include a company-wide $20 per hour minimum wage to employees in all of its markets, fully paid parental leave, an employee fitness stipend to promote good health, subsidized employee meals, paid leave for community activities, among others.
About First Republic Bank
Founded 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, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich, and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
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SOURCE First Republic Bank