Print this articleAugust 4, 2005
US Private Bank Acquires Regional Wealth Manager
First Republic Bank, a Californian private bank, has acquired First Signature Bank & Trust, a New Hampshire bank owned by John Hancock Financial Services. Terms of the deal were not disclosed.
“The acquisition may enable First Republic Bank to expand its existing private banking, private business banking and wealth management operations in the Northeast,” First Republic said in a statement.
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First Republic Bank, a Californian private bank, has acquired First Signature Bank & Trust, a New Hampshire bank owned by John Hancock Financial Services. Terms of the deal were not disclosed. “The acquisition may enable First Republic Bank to expand its existing private banking, private business banking and wealth management operations in the Northeast,” First Republic said in a statement. The operations of First Signature will be merged into First Republic Bank when the transaction closes. First Republic has a number of investment advisory subsidiaries including Trainer Wortham & Company, Froley Revy Investment and Starbuck-Tisdale & Associates. The bank and its subsidiaries has a total of managed assets of $25.5 billion.
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