5. First Republic Bank
Headquarters: San Francisco, Calif.
Assets: $33 billion
Price/Book value: 1.5
The bank has gone through a series of ownership changes starting in 2007 when Merrill Lynch purchased the firm. Next up, Bank of America bought Merrill Lynch and then two private equity firms bought the assets of First Republic in a deal completed in 2010. The bank had an IPO at the end of 2010.
*NPLs: Nonperforming loans include loans 90+ days past due and nonaccrual loans.
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