First Republic Bank Prices New Preferred Issue

First Republic Bank has priced their recently announced preferred stock.

The issue prices at 4.50% for 26 million shares with another 3.9 million available for over-allotments.

This issue is investment grade with S&P at BBB- and Moody’s at Baa3.

The issue will trade immediately on the OTC under ticker FRCDV.

The press release can be found her. Full details have not been filed.

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