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-First Republic Bank announces pricing common stock offering

Mar 8, 2017 - Global Banking News

Global Banking News - 08 March 2017

First Republic Bank (NYSE:FRC), a private bank and wealth management company, has said that it has priced an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of nearly USD237.5m.

First Republic has also granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock. BofA Merrill Lynch (NYSE: BAC), J.P. Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS) and UBS I

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