Thomas Young Appointed Managing Director

BOSTON, Aug. 8 /PRNewswire-FirstCall/ -- First Republic Bank , a leading provider of wealth management and private banking services, today announced that Thomas Young, a financial services professional with more than 25 years of banking experience, has been appointed Managing Director -- Business Banking.

Young will work with First Republic's commercial banking clients at the Bank's office at 160 Federal Street in downtown Boston.

"Tom Young is a talented business banker who has extensive experience serving clients in the Boston area," said Katherine August-deWilde, Executive Vice President and Chief Operating Officer of First Republic Bank. "Tom shares First Republic's commitment to exceptional client service, and he will be a valuable addition to First Republic as the Bank continues to expand in the region."

Young has been a successful banker in Boston for many years. Before joining First Republic, Young worked for Boston Private Bank & Trust Company for eight years as a Senior Vice President and Team Leader in Business Lending. Prior to that, he worked as a business banker for Citizens Bank of Massachusetts for five years as a Vice President. Earlier in his career, he worked for Neworld Bank, Bank of Boston, Shawmut Community Bank and Framingham Trust Company. He has a Bachelor of Arts degree in Economics from Framingham State College.

First Republic Bank has offices in the San Francisco Bay Area, throughout California, and in Las Vegas, Portland, Seattle, 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 wealth management services, including private banking, private business banking, investment management, trust, brokerage and real estate lending. As of June 30, 2006, the Bank and its subsidiaries had total Bank assets and other managed assets of $30.5 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/.