First Republic Bank 5.50% Noncumulative Perpetual Series G Preferred Stock

By: ,

Date Issued   2/2/2016

Shares Issued   6,000,000   Overallotment Shares  900,000

NOTE THAT FIRST REPUBLIC BANK IS NOT SEC REGULATED (they are regulated by the FDIC) THUS THERE IS NO PROSPECTUS AVAILABLE. ONE MUST GO TO THEIR WEBSITE. 

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S&P Rating   BBB-   Moodys Rating   Baa3

Security Ticker Symbol   FRC-G   OTC Temp Ticker   FRCPP

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of March, June, September and December beginning on 3/30/2016

Quarterly Dividend   .344   Annual Dividend   1.375

Securities may be redeemed, at the issuers option, as early as 3/30/2021 for a redemption price of $25/share plus accrued dividends

Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None

 

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Company Investor Relations Page for First Republic Bank

Below you ccan find info related to this offering.

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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