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
September 4, 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)
<PAGE>
Item 5. Other Events
First Republic Bancorp Inc. hereby files with the Securities and Exchange
Commission (the "Commission") its press release, dated September 3, 1997,
announcing that its stockholders have approved the corporate reorganization that
will eliminate the existing holding company structure and effects the conversion
to a commercial bank of the newly restructured company to be named First
Republic Bank. Such reorganization is expected to be effective September 12,
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: September 4, 1997 /s/Willis H. Newton, Jr.
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Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
<PAGE>
First Republic's Stockholders Approve Holding Company Merger
and Conversion to a Commercial Bank
NYSE - FRC
San Francisco, California - September 3, 1997 - First Republic Bancorp
Inc. announced today that its stockholders have approved a corporate
reorganization that will eliminate its existing holding company structure by
merging the holding company into its sole subsidiary and also will effect the
conversion of the subsidiary to a commercial bank. The newly restructured
corporation will be named First Republic Bank.
Each outstanding share of First Republic Bancorp's common stock will
automatically be converted into one share of First Republic Bank common stock on
the date the merger becomes effective (presently expected to be September 12,
1997). The shares will continue to trade on the New York Stock Exchange and the
Pacific Exchange under the "FRC" symbol.
"With their vote, our Stockholders have supported our effort to expand the
products and services we can offer our customers in California and Nevada," said
James H. Herbert, II, President and Chief Executive Officer of the Company. The
conversion will permit First Republic Bank to offer a broader range of financial
services, including demand deposit checking accounts to corporations and
partnerships.
Mr. Herbert noted that the reorganization and removal of the holding
company would "eliminate redundant activities and lead to managerial,
operational and administrative efficiencies."
First Republic Bancorp 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 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.
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For further information call:
Mr. Owen Blicksilver
Principal Communications
875 3rd Avenue
New York, NY 10022
(212)303-7603
