The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

First Republic’s Herbert returning from medical leave

First Republic Bank in San Francisco expects its founder to return from medical leave next month. 


The $173 billion-asset bank disclosed in a regulatory filing the co-CEO Jim Herbert will be back on April 4. He has also been reappointed to the board. 

The leave of absence began on Jan. 1 and was expected to last six months. 

First Republic also announced in January that it had begun a search for a new CEO after co-CEO Hafize Gaye abruptly stepped down. Mike Roffler, the bank’s president, has been serving as interim co-CEO.

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