Forbes: America's Best and Worst Banks 2012
America's Best Banks
5. First Republic Bank
Headquarters: San Francisco, Calif.
Assets: $33 billion
Price/Book value: 1.5
NPLs/Loans: 0.2%
Reserves/NPLs: 283%
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.
(Photo via Forbes)
More from Forbes:
America’s Largest Private Companies
See More of America’s Best Banks
See More of America’s Worst Banks
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Headquarters: San Francisco, Calif.
Assets: $33 billion
Price/Book value: 1.5
NPLs/Loans: 0.2%
Reserves/NPLs: 283%
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.
(Photo via Forbes)
More from Forbes:
America’s Largest Private Companies
See More of America’s Best Banks
See More of America’s Worst Banks
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
