SAN FRANCISCO, Jan. 5, 2016 /PRNewswire/ -- First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that Katherine August-deWilde has become Vice Chair of the company's Board of Directors.
In addition to this newly created role on the Board, August-deWilde will also serve as a senior consultant to First Republic and work with selected major clients and on strategic initiatives.
"Katherine is an outstanding business partner, and she has been pivotal to the growth of our franchise over many years," said Chairman and CEO Jim Herbert. "Her leadership, vision and dedication have helped First Republic become one of the most client-focused firms in the banking and wealth management business."
August-deWilde served as President of First Republic from 2007 to 2015 and was Chief Operating Officer from 1996 to 2014. She joined First Republic as its initial Chief Financial Officer in 1985 in San Francisco. First Republic is a bi-coastal private bank and wealth management firm with $55 billion in bank assets and $59 billion in wealth management assets.
"I've had the distinct privilege of being part of a team that has achieved success through a culture of employee empowerment and intense focus on client service," said August-deWilde. "As Vice Chair, I look forward to continuing to serve our clients, shareholders, and employees, while having additional time to explore new business interests and board opportunities."
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.
SOURCE First Republic Bank