In Brief: First Republic in Calif. Expands Buyback Plans

First Republic Bancorp has authorized the repurchase of another 500,000 shares of common stock in open-market or block purchases.

That's in addition to a stock repurchase program begun in June 1993. The $2.2 billion-asset thrift already has bought back 1.06 million shares, but 96,000 remain to be bought under that program.

First Republic has 9.5 million shares outstanding.

- Compiled by Jonathan D. Epstein and Joanna Sullivan

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER