For the first time since GE Capital departed the Monitor 100 ranking, the No. 1 company in net assets and new business volume is not a bank. Nearly 60% of U.S. bank affiliates reduced their new business volume in 2023 marking the end of an equipment finance era.... read more

Monitor 100 2024

Many banks have pulled back from equipment finance over the last 18 months and this trend doesn’t show signs of stopping. Rick Remiker outlines seven methods to defend a bank-based equipment finance division in this uncertain environment.... read more

Monitor 100 2024

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

MAY 1, 2023 - 7:13 am

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

MAR 20, 2023 - 7:22 am

First Republic Bank appointed Neal Holland executive vice president and CFO and Olga Tsokova deputy CFO, effective Nov. 2. Tsokova will continue to serve as executive vice president and chief accounting officer in addition to her new responsibilities as deputy CFO. read more

AUG 24, 2022 - 7:40 am

First Republic Bank named Mike Roffler acting co-CEO of the company and appointed him to the company’s board of directors. As previously announced, Roffler also began service as president for the company on Jan. 1. read more

JAN 4, 2022 - 6:29 am

Jim Herbert, chairman and co-CEO of First Republic Bank, will take a medical leave of absence starting on Jan. 1. Hafize Gaye Erkan will continue to serve as co-CEO and George G.C. Parker will serve as acting chairman. The bank also appointed Mike Roffler president, effective Jan. 1. read more

DEC 15, 2021 - 6:31 am

The board of directors of First Republic Bank extended the contract of Jim Herbert, the bank’s founder, chairman and CEO, through Dec. 31, 2022. Hafize Gaye Erkan, president of the bank, also entered into a contract with the bank’s board to serve as co-CEO. read more

JUL 13, 2021 - 6:46 am