First Republic, the US wealth manager and private bank that is part of Bank of America, has opened its eleventh office in the city of San Francisco.

The new office on West Portal Avenue, which provides private banking, business banking, real estate lending, investment management, brokerage and trust services, is managed by Odette Dayans, First Republic said in a statement.

With the launch of the new office First Republic, which has been put up for sale by BoA, now has 31 offices in Northern California.

In other recent developments at First Republic, September saw the appointment of Lisa Garey as managing director of the firm’s securities business.

Prior to joining First Republic Ms Garey was an account vice president within UBS’s private wealth management division, and before this she was a vice president for Bear Stearns’ wealth management group.