FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
February 28, 1997
FIRST REPUBLIC BANCORP INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-15882 94-2964497
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
388 Market Street
San Francisco, CA 94111
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(Address of principal executive office) (Zip Code)
(415) 392-1400
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(Registrant's telephone number, including area code)
Not applicable
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(Former name, former address, if changed since last report)
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FIRST REPUBLIC BANCORP INC. Page 2
Item 5. Other Events
First Republic Bancorp Inc. hereby files with the Securities and Exchange
Commission (the "Commission") its press release, dated February 28, 1997,
concerning its announcement of the redemption of its convertible subordinated
debentures due 2002, as distributed on February 28, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
First Republic Bancorp Inc.
(Registrant)
Date: February 28, 1997
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Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
<PAGE>
FOR IMMEDIATE RELEASE
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FIRST REPUBLIC ANNOUNCES REDEMPTION OF
CONVERTIBLE SUBORDINATED DEBENTURES
Common Stock Symbol - FRC
New York/Pacific Exchanges
San Francisco, California, February 28, 1997 - First Republic
Bancorp Inc. announced that on this date a notice of redemption will be sent to
the holders of all bonds outstanding of its First Republic Bancorp Inc.
7 1/4% Convertible Subordinated Debentures Due 2002 (NYSE: FRC02). The Notice
of Redemption, to be sent by U.S. Trust Company of California, N.A. (the
"Trustee"), stipulates a Redemption Date of March 31, 1997 and a Redemption
Price payable on the Redemption Date of 102.5% of the par amount of the bonds
plus accrued interest through March 30, 1997. From and after March 31, 1997,
interest on the bonds called for redemption will cease to accrue and be payable.
The conversion feature of these bonds expires at 5:00 p.m.
New York time on the Redemption Date. The conversion price is $13.667641.
The bonds called for redemption must be presented to the Trustee
for payment of the Redemption Price or for conversion at one of the following
locations:
BY HAND: U.S. Trust Company of California, N.A.
------- c/o United States Trust Company of New York
111 Broadway, Lower Level
Corporate Trust Window
New York, NY 10006
BY MAIL: U.S. Trust Company of California, N.A.
------- c/o United States Trust Company of New York
P.O. Box 841
Peter Cooper Station
New York, NY 10276-0841
Attn: Muni Bond Redemption
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FIRST REPUBLIC BANCORP INC. Page 2
VIA OVERNIGHT MAIL: U.S. Trust Company of California, N.A.
------------------ c/o United States Trust Company of New York
770 Broadway, 13th Floor
New York, NY 10003
Attn: Corporate Trust Operations
First Republic Bancorp Inc. has total assets of $2.2 billion and
functions as a direct lender as well as a mortgage broker through its
FDIC-insured Nevada chartered thrift company subsidiary. First Republic
Savings Bank provides both loan and deposit services from thirteen locations
in San Francisco, Los Angeles, Beverly Hills and San Diego, California and in
Las Vegas, Nevada.
# # # #
For further information call:
Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
388 Market Street
San Francisco, CA 94111
(415) 392-1400
