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SOURCE First Republic Bank
Contracts Extended for Jim Herbert and Katherine August-deWilde
SAN FRANCISCO, Feb. 26, 2014 /PRNewswire/ -- First Republic Bank, a private bank and wealth management company, today announced that Senior Executive Vice President Mike Selfridge has been promoted to Chief Operating Officer.
Selfridge, 46, joined First Republic two years ago and has served as the Bank's Deputy COO. Prior to joining First Republic, he was with Silicon Valley Bank for 18 years, where he was head of regional banking. He earned a Bachelor of Science degree from California Polytechnic State University and an MBA from University of San Francisco. He recently completed Harvard Business School's Advanced Management Program.
"Mike's additional responsibilities reflect the valuable contribution he has made to the company and his promotion is part of our ongoing plan to ensure the long-term depth of First Republic's leadership team," said Chairman and CEO Jim Herbert.
The company also announced that it has extended the employment contracts of Chairman and CEO Jim Herbert and President Katherine August-deWilde for an additional year in each case. Mr. Herbert will now remain as Chairman and CEO until June 30, 2017 and will continue as Chairman until December 31, 2020. Ms. August-deWilde will now remain as President until December 31, 2015, and will serve as Senior Advisor through December 31, 2017.
About First Republic Bank
Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich, and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
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