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
August 8, 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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Item 5. Other Events
First Republic Bancorp Inc. hereby files with the Securities and Exchange
Commission (the "Commission") its press release, dated August 7, 1997, that it
has increased by 500,000 shares its authorized stock repurchase plan.
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: August 8, 1997 /s/Willis H. Newton, Jr.
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Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
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FOR IMMEDIATE RELEASE
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FIRST REPUBLIC BANCORP INC. ANNOUNCES
ADDITIONAL INCREASE IN STOCK REPURCHASE PROGRAM
Common Stock Symbol - FRC
New York/Pacific Exchanges
San Francisco, California, August 7, 1997 - First Republic Bancorp Inc.
(the "Company") announced today that its Board of Directors has increased, by up
to an additional 500,000 shares, the number of shares authorized for repurchase
from time to time, either in open-market transactions or in block purchases. The
Company initiated a stock repurchase program in June 1993. To date, the Company
has repurchased an aggregate total of 1,060,000 shares and there is remaining
authorization to repurchase 96,000 shares. The newly authorized shares bring the
total authorized, but unexecuted, in the repurchase plan to 596,000 shares. The
Company presently has 9,496,000 shares issued and outstanding.
The Company has total assets of $2.2 billion and functions as a direct
lender as well as a mortgage banker 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:
Mr. Owen Blicksilver
Principal Communications
875 3rd Avenue
New York, NY 10022
(212)303-7603
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