– USA, CA – First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced the appointment of President and Board Member, Mike Roffler as CEO effective March 13, 2022, succeeding founder and CEO Jim Herbert who will transition to the role of Executive Chairman.
In this new role, Herbert will remain leader of the Board and active in the development of the Bank’s overall strategy, preservation of its unique culture, and maintenance of key relationships with clients and shareholders.
Jim Herbert commented: “We set out to build a culture and company that focuses on taking exceptional care of our clients, and I am very proud of what we’ve accomplished over the past 36 years. Mike is a terrific leader who has very meaningfully contributed to our strategy, culture, and growth. As founder and a shareholder, I have full confidence in Mike’s leadership, in our very talented management team, and in the passion and commitment of all of our colleagues to continue delivering exceptional client service.”
About Mike Roffler
Mike Roffler joined First Republic in 2009 and has over 25 years of accounting and banking experience, including as a partner at KPMG. One of the first executives hired as a part of First Republic’s succession planning process, he was appointed CFO in 2014, President in 2021, and Board Member and Acting Co-CEO in 2022. Roffler serves on the Board of Directors of the American Heart Association, Greater Bay Area.
Mike Roffler said: “It is an honor to serve as First Republic’s CEO and a steward of the phenomenal culture and company Jim and the team have built. I am grateful to work with colleagues who deeply care for our clients, communities, and one another. I look forward to guiding our future success, through an unwavering focus on exceptional client service, alongside an outstanding leadership team, and with the support of our Board and Jim.”
Mike holds a B.S. from Marquette University and is a graduate of the Stanford Graduate School of Business Executive Program.
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: https://www.firstrepublic.com/
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