|By PR Newswire||
|September 20, 2013 04:15 PM EDT||
SAN FRANCISCO, Sept. 20, 2013 /PRNewswire/ -- First Republic Bank, (NYSE:FRC) a leading private bank and wealth management company, today announced it has acquired a 24.5% interest in Nigro Karlin Segal & Feldstein, LLC, (NKSF), one of Southern California's largest business management firms.
Founded in 1981, NKSF specializes in working with members of the entertainment industry, executives, entrepreneurs and athletes. The firm provides a wide range of business management services and helps facilitate banking and financial services for its clients.
"First Republic has been a world-class business partner for NKSF for many years," said NKSF Managing Partner Mickey Segal. "Working more closely together, we can offer First Republic's clients our broad range of business management services, while continuing to provide NKSF clients with access to First Republic's outstanding banking and wealth management services."
Jim Herbert, Chairman and CEO of First Republic, said: "NKSF and First Republic share the same commitment to exceptional client service, and we already have many clients in common. This is an opportunity for even further collaboration to help clients of both companies achieve their financial objectives."
About Nigro Karlin Segal & Feldstein, LLC
Nigro Karlin Segal & Feldstein, LLC is one of the nation's leading business management firms, specializing in the representation of actors, writers, directors, producers, recording artists, executives, entrepreneurs and athletes. NKSF provides clients with the expertise and breadth of skills common to a large international firm, combined with the personalized service and dedication of a small practice. Based in Los Angeles with an office in Manhattan, NKSF has a staff of more than 250. For more information, visit www.nksf.com.
About First Republic Bank
First Republic Bank (NYSE:FRC) is a full-service bank specializing in private banking and private business banking. The Bank's wealth management affiliates offer trust, investment consulting and advisory services. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich, Palm Beach and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
SOURCE First Republic Bank