First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.

In addition to serving on the board, August-deWilde will also be a senior adviser to the $55 billion-asset bank and will work on strategic initiatives with major clients.

First Republic did not disclose its plans for filling the position of president that August-deWilde vacated.

August-deWilde, who was 67 on March 31 at the time of the bank's proxy statement, has been president of First Republic since 2007 and was chief operating officer from 1996 to 2014. She joined First Republic as chief financial officer at the bank’s inception in 1985.

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