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Wealth Managers Stephen Stabile and Adam Hirsch Join First Republic in New York

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First Republic Bank (NYSE:FRC) announced the addition of two new Managing Directors and Wealth Managers, Stephen Stabile and Adam Hirsch, to its New York team. Both bring extensive experience in wealth management, previously serving at Merrill Lynch. Stabile has over 19 years in the field, specializing in private equity and venture capital. Hirsch has over 17 years focusing on high net worth clients. This expansion aims to enhance the bank's client service offerings in the competitive New York market.

Positive
  • Addition of experienced wealth managers Stabile and Hirsch strengthens First Republic's capabilities in wealth management.
  • Expansion of team in New York may attract new clients and enhance service offerings.
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  • None.

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Stephen Stabile and Adam Hirsch have joined First Republic Investment Management in New York.

Stabile and Hirsch were each named Managing Director and Wealth Manager. They will provide portfolio management, retirement planning, investment consulting and other wealth management services to individuals, families, nonprofits and private family foundations.

“Stephen Stabile and Adam Hirsch are highly regarded wealth managers and are a strong addition to our expanding team serving metropolitan New York,” said Bob Thornton, President of First Republic Private Wealth Management. “Stephen and Adam share First Republic’s commitment to exceptional and differentiated client service.”

Stabile has more than 19 years of wealth management experience providing customized wealth management solutions for private equity and venture capital general partners, entrepreneurs and individuals and families. Before joining First Republic, he was a Managing Director and Wealth Management Advisor at Merrill Lynch Wealth Management. Stabile is active in his local community and serves as a Dean’s Advisory Board member for the SUNY Albany School of Business and is a trustee of the Children’s Museum of East End. He received a Bachelor of Science degree in Finance and Management Information Systems from SUNY Albany’s School of Business. Stabile also received an MBA and a Certificate in Sustainability from the MIT Sloan School of Management. He holds the Chartered Retirement Planning Counselor℠ (CRPC®) designation from the College for Financial Planning.

Hirsch has more than 17 years of wealth management experience providing customized wealth management solutions for high net worth and ultra-high net worth clients, including financial executives, law firms and doctors. Before joining First Republic, he was a Managing Director and Wealth Management Advisor at Merrill Lynch Wealth Management. Prior to that, Hirsch was a Technical Equity Trader for the Opus Fund. He is active in his local community and is a youth sports coach. Hirsch received a Bachelor of Science degree in Finance from the University of Miami. He holds the Certified Investment Management Analyst® (CIMA®) certification. Hirsch also holds the Chartered Retirement Planning Counselor℠ (CRPC®) and the Sports and Entertainment Accredited Wealth Management Advisor (SE-AWMA) designations from the College for Financial Planning.

To learn more about First Republic Private Wealth Management, click here. To see our growing team of wealth management professionals, click here.

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 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&P 500 Index and KBW Nasdaq Bank Index. For more information, visit firstrepublic.com.

FRC - G

Investors:

Andrew Greenebaum / Lasse Glassen

Addo Investor Relations

agreenebaum@addo.com

lglassen@addo.com

(310) 829-5400



Media:

Greg Berardi

Blue Marlin Partners

gberardi@firstrepublic.com

(415) 239-7826

Source: First Republic Bank

FAQ

What recent hires has First Republic Bank made?

First Republic Bank has hired Stephen Stabile and Adam Hirsch as Managing Directors and Wealth Managers.

What experience do the new hires at First Republic have?

Both Stabile and Hirsch have extensive backgrounds in wealth management, previously working at Merrill Lynch.

What is the significance of the new hires for First Republic Bank?

The new hires enhance First Republic's service offerings and may help attract high net worth clients in New York.

What roles will Stabile and Hirsch take on at First Republic Bank?

They will provide portfolio management, retirement planning, and investment consulting services.

What is the stock symbol for First Republic Bank?

The stock symbol for First Republic Bank is FRC.

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