FRC - First Republic Bank plans 1.5M-share public offering

First Republic Bank (FRC) agrees to sell 1.5M shares of its common stock in a public offering and grants a greenshoe option for up to an additional 225K shares.Plans to use proceeds for general corporate purposes, which may include funding loans or purchasing investment securities for its portfolio.The offering is expected to close on or about Nov. 16, 2020.See FRC capital structure:

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First Republic Bank plans 1.5M-share public offering