First Republic Appoints Rick Osterloh to Board of Directors

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Rick Osterloh, Senior Vice President of Devices & Services at Google and a technology innovator, has been appointed to the First Republic Board of Directors effective immediately.

Osterloh has led Google’s global Devices & Services product area since 2016. During his 22-year career, he also worked with Motorola, Skype, Kleiner Perkins Caufield & Byers, Amazon.com, and Deloitte Consulting. Osterloh earned an MBA from Stanford Graduate School of Business and a Master of Science degree and Bachelor’s degree in Industrial Engineering from Stanford University. He has served on the Board of Trustees of Sacred Heart Schools in Atherton, California and the National Board of Directors of Positive Coaching Alliance.

Osterloh said, “First Republic is one of the most highly regarded financial services organizations in the U.S. with an unmatched record of serving clients exceptionally well and a unique corporate culture. I’m very pleased to join the Board of Directors and help advance First Republic’s differentiated, client-focused business model.”

Jim Herbert, Founder and Executive Chairman of First Republic’s Board of Directors, said, “Rick is a technology innovator with a global perspective and extensive experience managing large business operations in dynamic markets. Rick shares First Republic’s long-term vision that puts clients and communities first. He is a terrific addition to our outstanding team of board members.”

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management. First Republic specializes in delivering exceptional, relationship-based service and provides a complete line of products, including residential, commercial and personal loans, deposit services, and private wealth management, including investment, brokerage, insurance, trust and foreign exchange services. 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; Jackson, Wyoming; and Bellevue, Washington. First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index. For more information, visit firstrepublic.com.

Forward-Looking Statements

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