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First Republic

First Republic leaves Bank of America and goes public again

July 2, 2010 - 5:11am | Banks and internet banks | News
First Republic leaves Bank of America and goes public again

A lender to wealthy customers First Republic plans its split-off from Bank of America. The bank reported it is going to make some acquisitions, expand its branch network and recruit bankers and money managers. While it already went public in 1986 it will again pursue an initial public offering to fuel its growth, First Republic co-founder and Chief Executive Jim Herbert told.
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Bank of America | First Republic | go public | IPO | Merrill Lynch
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Bank of America ready to sell First Republic to private investors

October 22, 2009 - 6:54am | Banks and internet banks | News
Bank of America ready to sell First Republic to private investors

 Bank of America decided to sell First Republic private bank to a group of private equity investors. Among the participant are General Atlantic Partners and Colony Capital, are part of the deal, with First Republic Chairman and Chief Executive James Herbert part of the winning bid.

According to the official statement of BofA First Republic's current management would continue to run the bank. The transaction is scheduled for the second quarter of 2010.
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assets | Bank of America | deposits | First Republic | private equity
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Investment unit of BofA is not priced at $3 billion by the bidders

July 1, 2009 - 5:45am | Investment industry | News
Investment unit of BofA is not priced at $3 billion by the bidders

According to the Financial Times, Bank of America Corp's primary investment management unit is getting lukewarm bids after its likeliest suitor, BlackRock Inc, signed a blockbuster deal to buy Barclays Global Investor for $13.5 billion.

The paper says that Bank of America has been trying to sell its Boston-based Columbia Management unit since earlier this year, but the bank has so far not announced a deal for the unit.
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Bank of America Corp | BlackRock | Columbia Management | First Republic | investment management
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Who will buy BofA’s First Republic?

June 18, 2009 - 3:25am | Banks and internet banks | News
Who will buy BofA’s First Republic?

According to the Bloomberg report, leading group of bidders, including The Carlyle Group of Washington, Blackstone Group LP of New York and Forth Worth-based TPG Capital LC, is in negotiations about acquiring the BofA’s San Francisco-based private bank First Republic. As for the industry estimates, First Republic may be worth $700 million
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acquisition | bank | Blackstone | BofA | First Republic | The Carlyle Group | TPG
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