First Republic Bank in San Francisco has a new permanent CEO.
The $173 billion-asset bank said in a press release Monday that Mike Roffler, who had been its interim co-CEO since January, has the role for good. He will remain the bank’s president.
Jim Herbert, who founded the bank in 1985 and is set to return from medical leave next month, is now executive chairman.
Roffler’s appointment followed a search process led by Korn Ferry.
First Republic in 2009. He has named chief financial officer in 2014 and president in 2021.