First Republic Bank
Commercial banking companywww.firstrepublic.com
83
MENTIONS
42
EPISODES
36
PODCASTS
Search complete. 83 mentions across 42 episodes found for "First Republic Bank".
Oct 30, 2026
Mike CagneyGUEST
Yeah, it was always way beyond student lending.
Mike CagneyGUEST
The point was – and we kind of coined the phrase Henry, high earner, not rich yet – um the point was to build a foundation into a customer segment that had massive cross-sell downstream so if you could create that affinity with that that customer and create that relationship you know you'd have when they do a mortgage you're going to be the first person they go to when they're when they're investing you're going to be the first person they go to so the intent had always been to to deliver a broad range of financial services into that individual just we wanted to pick the green field of how to acquire that customer because we had competitors like First Republic that were very aggressive going after that customer segment, but not with the sort of value proposition that we had.
Mike CagneyGUEST
And in particular, if you look at some of the early things we did at SoFi where we had unemployment protection.
Mike CagneyGUEST
So if you lost your job, we would go into the network, into the community and get you re-employed.
Rob HadickHOST
But then, you know, the net interest margin and the economics as you kind of continue to keep things on balance sheet, become a bank, I think often get more attractive for people.
Rob HadickHOST
And it's been that's always a tough decision for people to make.
Rob HadickHOST
And you mentioned First Republic, and I remember First Republic offering those 2%, $300,000 lines of credits to all the Henrys, which I always thought was an incredible product.
Rob HadickHOST
I was surprised that they were offering that for so long, but I guess that was the right environment for a long time.
Kirk ChisholmHOST
That was liquidity.
Kirk ChisholmHOST
You had the SVB, Signature Bank, First Republic.
Kirk ChisholmHOST
That was mostly liquidity.
Kirk ChisholmHOST
It ended up being solvency, but it was mainly liquidity.
PaulHOST
Of course, even dating back to the 90s, Cantor Fitzgerald paying just $500,000 civil penalty to the CFTC.
PaulHOST
aided and abetted fraud and registrations of the First Republic Bank.
PaulHOST
Huh, sounds familiar.
PaulHOST
Formerly known as VanCorp, an unregistered commodity pool operator.
Ram AhluwaliaHOST
Yes.
Ram AhluwaliaHOST
We saw a preview of this in the 2023 so-called kind of mini banking crisis when SVB and First Republic went down.
Ram AhluwaliaHOST
You had these mini runs in the bank.
Ram AhluwaliaHOST
So it was far more severe then.
Patrick HarkerGUEST
Yeah.
Patrick HarkerGUEST
By the way, really, there's this poor bank here in my district who had a name instead of Republic First, First Republic.
Patrick HarkerGUEST
They got confused with the two.
Patrick HarkerGUEST
It's just a little local bank.
Mark ZandiHOST
Right.
John ToohigGUEST
Well, I mean, if you go back to the little mini banking crisis we had with SVB and First Republic and Signature Bank.
John ToohigGUEST
Yeah.
John ToohigGUEST
I mean, there's a real example.
Nick NemethGUEST
Yeah, it doesn't matter until it matters.
Nick NemethGUEST
And I would say that what it takes is an SBB, then a First Republic, then Bank of America's in trouble, right? Because all of a sudden it didn't matter.
Nick NemethGUEST
It didn't matter.
Nick NemethGUEST
It's duck.
5 MINS LATER
Nick NemethGUEST
And again, this is a critical assumption.
Nick NemethGUEST
Now, the reputational aspect of it is completely not modeled and probably unmodelable.
Nick NemethGUEST
And this is where we're talking about the run on Silicon Valley Bank, the First Republic, and it was looking for a second like Bank of America was in trouble.
Nick NemethGUEST
When people and the news and the headlines and the 60 Minutes starts talking about, you know, is your insurer at risk in the local TV stations, that's going to spike extraordinarily.
Susan LaMonicaGUEST
So we have private banking and wealth.
Susan LaMonicaGUEST
When First Republic had its issues several years ago you know we took it as an opportunity to bring over 150 bankers who's formed the core of what is now our private bank which has now grown you know several fold so We've got three legs of the stool, consumer, commercial, private banking, and wealth.
Susan LaMonicaGUEST
And we've been on a rocket ship, quite frankly, since we've been able to kind of develop each of these capabilities.
Susan LaMonicaGUEST
And over the course, we've done some acquisitions.
David BassousHOST
What happened to Safra? Edmund Safra.
David BassousHOST
What's it called? First Republic Bank.
David BassousHOST
What's it called? He owned this massive bank.
David BassousHOST
He just sold it for billions and
Parker LewisGUEST
That when Silicon Valley Bank failed, when Signature bank, well, signature bank failed, but it was more likely an execution job.
Parker LewisGUEST
But it was Silicon Bank, Silicon Valley Bank, First Republic.
Parker LewisGUEST
There was one other small bank failure that it just bubbled back up of like, hey, this system, the banking system is
Beau TurnerHOST
incredibly fragile.
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