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SAN FRANCISCO--([ BUSINESS WIRE ])--First Republic Bank (NYSE:FRC) has announced that it has declared an initial quarterly cash dividend of $12.2833 per share on its Noncumulative Perpetual Series A Preferred Stock. This initial dividend equals $0.30708 per depositary share, each representing 1/40^th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol aFRCPrA.a

The Series A Preferred Stock dividend is payable on March 30, 2012, to shareholders of record as of March 15, 2012.

About First Republic Bank

First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is a component of the S&P Total Market Index, the 5000 Total Market Index^SM, the Russell 1000, Russell 3000 and Russell Global indices and six Dow Jones indices.