First Republic to redeem all 10.5% noncumulative series A preferreds

By Ashley Montgomery

Kansas City, Kan., Jan. 27 - First Republic Preferred Capital Corp. will redeem all outstanding shares of its 10.5% noncumulative series A preferred stock on Feb. 28, according to an 8-K filed with the Securities and Exchange Commission.

The redemption price per share will be $1,000 plus a $21 premium plus accrued dividends to the redemption date.

First Republic Preferred Capital is a subsidiary of First Republic Bank, a private bank and wealth management company. Both are based in San Francisco.

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