FRC - First Republic secures $291M capital via equity raise

First Republic Bank (FRC) has priced its upsized public offering of 1.75M common shares (from 1.5M) for expected gross proceeds of ~$291.4M.Underwriters' over-allotment is an additional 262.5K shares.Net proceeds will be used for general corporate purposes, including, funding loans or purchasing investment securities. Closing date is March 4.FRC shares down 3.3% premarket, currently trading at $166.75.Previously (March 1): First Republic Bank launches 1.5M stock offering

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First Republic secures $291M capital via equity raise