Stephen Kelly Appointed Relationship Manager

NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- First Republic Bank , a leading provider of wealth management and private banking services, today announced that Stephen Kelly, a financial services professional with 25 years of experience, has been appointed Relationship Manager.

Kelly will work with high net worth individuals and families, providing private banking, investment management and trust services, and real estate lending at the bank's office in Rockefeller Center in Manhattan at 1230 Avenue of the Americas.

"Stephen Kelly is a very successful banker who shares First Republic's commitment to exceptional client service," said Katherine August-deWilde, Executive Vice President and Chief Operating Officer of First Republic Bank. "Stephen's experience will help First Republic as it continues to expand in New York City. Stephen is an outstanding addition to the First Republic team."

Prior to joining First Republic, Kelly was with U.S. Trust as Senior Vice President and Relationship Manager for 21 years. Kelly worked with high net worth individuals and families in and around New York. Kelly has a Bachelor of Arts and Ph.D. in Classics from Harvard University. He is also a member of the Board of Directors of Harvard Library in New York and Graduate President of the Fox Club at Harvard.

First Republic Bank has offices in the San Francisco Bay Area, throughout California, and in Portland, Seattle, Las Vegas, Boston and New York. First Republic's investment advisory subsidiaries include Trainer Wortham & Co., Froley, Revy Investment Co., Starbuck, Tisdale & Associates, and First Republic Wealth Advisors. First Republic Trust Company offers comprehensive trust and wealth management services. First Republic Securities Company LLC, member NASD/SIPC, is a securities broker-dealer that provides a wide range of investment products and services.

About First Republic Bank

First Republic Bank is a NYSE-traded, private bank and wealth management firm. The Bank and its subsidiaries specialize in providing personalized, relationship-based services, including private banking, private business banking, investment management, trust, brokerage and real estate lending. As of September 30, 2006, the Bank and its subsidiaries had total Bank assets and other managed assets of $31.8 billion. First Republic Bank provides access to its services online and through preferred banking or trust offices in ten major metropolitan areas: San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Las Vegas, Portland, Seattle, Boston and New York City. More information is available on the Bank's website at http://www.firstrepublic.com/.