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First Republic

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47-585: [REDACTED] Look up first republic in Wiktionary, the free dictionary. First Republic may refer to: Businesses [ edit ] First Republic Bank , of San Francisco, California, U.S. First Republic Bank Corporation , of Dallas, Texas, U.S. Governments [ edit ] Africa [ edit ] First Egyptian Republic (1953–1958) First Republic of Madagascar (1958–1972) First Republic of Ghana (1960–1966) First Republic in

94-551: A Carinthian plebiscite on October 10, 1920, in which the majority of the population chose to remain with Austria. The second prevented land-claim was Hungary's claim to Burgenland , which, under the name "Western Hungary", had been part of the Hungarian kingdom since 907. It was inhabited mostly by a German-speaking population, but had also Croat- and Hungarian-speaking minorities. Through the Treaty of St. Germain it became part of

141-881: A one-party state , to be led by the Fatherland Front, with the proclamation of the authoritarian "May Constitution". The name of the country was changed from the "Republic of Austria" to the " Federal State of Austria ". The flag, coat of arms and anthem were changed, too. Federalism and the controlling powers of the Federal Council were curtailed, while elections for the National Council were abolished, its members nominated by four non-elective, corporatist -styled councils—the State Council ( Staatsrat ), Federal Culture Council ( Bundeskulturrat ), Federal Economic Council ( Bundeswirtschaftsrat ) and

188-563: A South Korean television show First Republic Square , Tbilisi, Georgia The First Republic , a Czech television show See also [ edit ] [REDACTED] Search for "First Republic" on Misplaced Pages. Republic First Bancorp , of Philadelphia, Pennsylvania, U.S. All pages with titles beginning with First Republic All pages with titles containing First Republic Second Republic Third Republic Fourth Republic Fifth Republic Sixth Republic Seventh Republic Topics referred to by

235-462: A defeated Germany to expand its borders by absorbing what remained of Austria. With this route closed, German-Austria changed its official name to the Republic of Austria. The new state managed to block two land claims by its neighbours. The first was the south-eastern part of Carinthia , which was inhabited partly by Slovenians . It was prevented from being taken over by the new SHS-state through

282-465: A group of private investors including Colony Capital , General Atlantic , and chairman James Herbert and former COO Katherine August DeWilde, for approximately $ 1 billion. Thomas J. Barrack, Jr. , the head of Colony, had been a board member prior to the Merrill Lynch deal and General Atlantic had been an early investor in the firm putting up about $ 5 million in 1987. An additional $ 800 million

329-595: A number of progressive socioeconomic and labour legislations. After 1920, Austria's government was dominated by the anti-Anschluss Christian Social Party which retained close ties to the Roman Catholic Church . The party's first Chancellor Ignaz Seipel came to power in May 1922 and attempted to forge a political alliance between wealthy industrialists and the Roman Catholic Church. After

376-425: A possible bank run and support any withdrawals of deposits, on March 16, 2023, eleven American banks including JPMorgan Chase , Bank of America , Wells Fargo , Citigroup , and Truist Financial deposited $ 30 billion with First Republic. Despite the deposits, shares of the company declined. On March 19, S&P downgraded the bank's credit rating further into junk by three grades saying that it "may not solve

423-771: A reverse merger of the larger California-chartered thrift into the Nevada-chartered Silver State Thrift subsidiary. After the passage of the law, the Nevada thrift became a state-chartered bank, First Republic Savings Bank. In 1998, First Republic acquired Trainer Worthman & Co., and in December 2001, it acquired Starbuck, Tisdale & Associates for $ 13 million in cash and stock. In January 2000, First Republic acquired an 18% interest in Froley, Revy Investment Company Inc., and in 2002, it purchased

470-534: A trade blockade and refused to sell food and coal to Austria, which eventually was saved by aid and support from the Western Allies. By 1922 one US dollar was worth 19,000 kronen and half the population was unemployed. In December 1921 the Treaty of Lana between Austria and Czechoslovakia was signed in which Austria recognized the new state borders and relinquished claims to represent ethnic Germans living on

517-576: Is different from Wikidata All article disambiguation pages All disambiguation pages First Republic Bank First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco , California , United States . It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. On May 1, 2023, as part of

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564-538: Is known as the July Revolt of 1927 . Social Democrats called for a general strike which lasted four days. After the 1927 events, the conservative elements became stronger and the violence in Austria continued to escalate until the early 1930s when Engelbert Dollfuss became Chancellor. However the new state was difficult to control, as much of the former empire's important economic regions had been taken away with

611-556: The 2023 United States banking crisis , the FDIC announced that First Republic had been closed and sold to JPMorgan Chase . First Republic was founded in February 1985 by Jim Herbert, previously the founder and CEO of San Francisco Bancorp, which he sold to Atlantic Financial. First Republic began operations on July 1, 1985, as a California-chartered industrial loan company . It became a public company via an initial public offering on

658-821: The Constitution of Niger (1960–1989) First Nigerian Republic (1963–1966) First Republic of Uganda (1963–1971) First Republic of Sierra Leone (1971–1992) Americas [ edit ] First Vermont Republic (1777–1791) First Republic of Venezuela (1811–1812) First Mexican Republic (1824–1835) First Dominican Republic (1844–1861) First Costa Rican Republic (1848–1948) First Brazilian Republic (1889–1930) First Republic of New Granada , Colombia (1810–1816) Asia [ edit ] First Philippine Republic (1899–1901) First Republic of China (1912–1928) First Republic of Armenia (1918–1920) First Republic of Azerbaijan (1918–1920) First Republic of Georgia , also known as

705-799: The July Putsch of 25 July 1934 (see Maiverfassung 1934 ). This assassination by the Austrian Nazis infuriated Austria's neighbour Fascist Italy under dictator Benito Mussolini . Fascist Italy had good relations with Austria under Dollfuss and Mussolini suspected German involvement and promised the Austrofascist regime military support if Germany were to invade, as the Nazis had claims on Italian-administered Tyrol. Italy's support helped save Austria from potential annexation in 1934. The successor to Dollfuss, Kurt Schuschnigg , maintained

752-708: The Nasdaq in August 1986, selling stock at $ 10 a share. In 1993, First Republic acquired Silver State Thrift, a savings and loan association in Nevada . In 1996, First Republic sought to shift to a banking charter to expand its offerings. It lobbied the Nevada Legislature to pass a law allowing conversion of a Nevada thrift into a Nevada state bank . The law passed in July 1997, shortly after First Republic completed

799-628: The Republic of Austria , was created after the signing of the Treaty of Saint-Germain-en-Laye on 10 September 1919—the settlement after the end of World War I which ended the Habsburg rump state of Republic of German-Austria —and ended with the establishment of the Austrofascist Federal State of Austria based upon a dictatorship of Engelbert Dollfuss and the Fatherland's Front in 1934. The Republic's constitution

846-647: The Treaty of Saint Germain , which ceded German-populated regions in Sudetenland to Czechoslovakia , German-populated South Tyrol to Italy and a portion of the Alpine provinces to the Kingdom of Serbs, Croats and Slovenes ( Kraljevina Srba, Hrvata i Slovenaca , or SHS, also known as Yugoslavia). Despite Austrian protests this treaty also forbade Anschluss , or union of Austria with Germany , without League of Nations consent. The Allies were not willing to allow

893-612: The legislative elections of October 17, 1920, the Social Democrats lost the parliamentary majority and remained in the opposition until 1934, when they were banned by Dollfuss. The Christian Socials won 85, Social Democrats 69, Greater Germany Party 20 and Peasants Union 8 seats. Michael Hainisch was elected Federal President. After the October 1923 elections Ignaz Seipel stayed in power and resigned in November 1924 when he

940-585: The "Democratic Republic of Georgia" (1918–1921) First Syrian Republic (1930–1950) First East Turkestan Republic (1933–1934) First Republic of Korea (1948–1960) First Republic of the Maldives (1952–1954) First Republic of Vietnam (1955–1963) First Cambodian Republic (1970–1975) First Republic of Afghanistan , also known as the "Republic of Afghanistan" (1973–1978) Europe [ edit ] First Roman Republic , established c. 508 BC First Polish Republic , an informal term for

987-696: The Austrian Republic in 1921. However, after a plebiscite which was disputed by Austria, the provincial capital city of Sopron (German Ödenburg) remained in Hungary. The Treaty of Saint Germain angered the German population in Austria who claimed that it violated the Fourteen Points laid out by United States President Woodrow Wilson during peace talks, specifically the right to "self-determination" of all nations. Many of them felt that with

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1034-523: The FDIC announced that First Republic had been closed by the California Department of Financial Protection and Innovation and its assets seized by the FDIC. JPMorgan Chase eventually won the auction, paying the FDIC $ 10.6 billion for nearly all of First Republic's assets. Note : The financial data for the total revenue, net income, assets, and dividends per common share is sourced from

1081-706: The Polish–Lithuanian Commonwealth (1569–1795) French First Republic (1792–1804) First Hellenic Republic , sometimes used for Greece during the War of Independence (1822–1832) First Spanish Republic (1873–1874) First Portuguese Republic (1910–1926) First Hungarian Republic (1918–1920) First Czechoslovak Republic (1918–1938) First Austrian Republic (1919–1934) First Slovak Republic (1939–1945) First Italian Republic (1948–1994) First Republic of Kosovo (1991–1999) Other uses [ edit ] 1st Republic (TV series) ,

1128-432: The Social Democrats emerged as the largest party with 72 seats, but Christian Social Chancellor Otto Ender created a coalition government without them. Despite the nation having a steady political party in power, the politics of the nation were fractious and violent, with both Social Democrat ( Republikanischer Schutzbund ) and right-wing ( Heimwehr ) political paramilitary forces clashing with each other. The country

1175-569: The States' Council ( Länderrat ), supposedly providing their best opinions on respective areas. In practice all legislation and appointments were exercised from above by the Federal Chancellor's and President's decree. The state took complete control of employer–employee relations, known as Ständestaat, and began to crack down on pro-Nazi and pro–German-unification sympathizers. The Nazis responded by assassinating Engelbert Dollfuss during

1222-733: The bank acquired Gradifi, a then 2-year-old startup that works with companies to help employees pay off student loan debt that counted PricewaterhouseCoopers , Natixis Global Asset Management, and Penguin Random House as customers. In March 2018, the bank invested in CommonBond, a student loan financier, and in May of the same years, the company leased more office space at Rockefeller Center in New York City. 50 client advisors, who were part of First Republic's Luminous acquisition, with $ 17 billion of assets under management , left

1269-455: The bank as well. On that day, it was announced that the FDIC was considering seizing the bank, causing its stock price to plunge another 43% to $ 3.50. After the price fell another 42% in after-hours trading, the FDIC confirmed its imminent takeover of the bank. The next day, the FDIC approached various banks, including JPMorgan Chase , PNC and Bank of America , saying they had until April 30 to place bids for First Republic Bank. On May 1,

1316-482: The company in 2019. During the March 2023 United States bank failures, Fitch Ratings and S&P Global Ratings downgraded First Republic's credit rating, citing "a high proportion of uninsured deposits" from wealthy customers who are more likely to move their money elsewhere and a loan-to-deposit ratio of 111%, meaning that it had lent out more money than it had in deposits from customers. To alleviate concerns of

1363-437: The company's annual reports, earnings releases, and SEC Form 10-Ks from 2009 to 2022. Total revenue: Net Income: Assets: Market cap: Average Stock Price: Dividends per common share: [REDACTED] Media related to First Republic Bank at Wikimedia Commons First Austrian Republic The First Austrian Republic ( German : Erste Österreichische Republik ), officially

1410-413: The foundation of new nation-states. The matter was further complicated by the fact that a number of these new nation-states were still dependent on Vienna's banks, but business was hampered by the newly erected borders and tariffs. The landlocked Austria was barely able to support itself with food and lacked a developed industrial basis. In addition, Czechoslovakia, Hungary, Yugoslavia and Italy had imposed

1457-548: The investment firm for $ 17 million in cash and stock. In 2004, it acquired the Private Client Asset Management division of Bay Isle Financial from Janus Capital Group . In 2006, the bank acquired Bank of Walnut Creek. In September 2007, First Republic was acquired by Merrill Lynch for $ 1.8 billion in cash and stock. In July 2010, Bank of America , which acquired Merrill Lynch and thereby acquired First Republic, sold First Republic Bank to

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1504-578: The largest bank in Austria, Creditanstalt Bank, collapsed. To improve its economy, Austria wanted to conclude a customs union with Germany , but in 1931 this was denied by France and the countries of the Little Entente . Chancellor Engelbert Dollfuss of the Christian Social Party took power in Austria on 20 May 1932, and moved the party and Austria towards dictatorship, centralisation and fascism , in part because fascist Italy

1551-477: The loss of over 70% of the cisleithanian territory of the prewar empire , Austria was no longer economically and politically viable as a separate state without union with Germany. Austria now found itself a small, landlocked country of about 6.5 million people, with 4 million Austrian Germans excluded from the new state and instead being placed against their declared will under Czechoslovak, Italian, and Yugoslav rule. Vienna , with its population of almost 2 million,

1598-531: The majority of the bank's long term assets were in municipal bonds , First Republic was unable to make full use of the Bank Term Funding Program —an emergency lending program instated after the collapse of SVB—as those assets did not qualify as an eligible collateral. On April 28, the bank announced plans to begin selling its bonds and securities at a loss to raise equity and also begin laying off people. Multiple advisor teams began to leave

1645-618: The next 20 years and allowed the League of Nations to control Austria's economy. During the next two years the state budget was stabilized and international supervision over finances ended in March 1926. Austria's central bank Oesterreichische Nationalbank was re-established in 1923, a sales tax was introduced in 1923, and the Austrian Schilling replaced the Krone in December 1924. The Great Depression hit Austria hard and in May 1931

1692-464: The same term [REDACTED] This disambiguation page lists articles associated with the title First Republic . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=First_Republic&oldid=1159316826 " Categories : Disambiguation pages Place name disambiguation pages Hidden categories: Short description

1739-526: The substantial business, liquidity, funding, and profitability challenges that we believe the bank is now likely facing." On that day, the bank's capital shortfall was $ 13.5 billion, which The Wall Street Journal compared to the liquidity crisis of the Silicon Valley Bank (SVB) being a factor in its collapse. In its first quarterly earnings release since the crisis, the bank noted that its customers withdrew $ 104.5 billion in deposits during

1786-433: The territory of the newly created Czechoslovakia. In return Czechoslovakia provided a loan of 500 million Kronen to Austria. In 1922, in an effort to deal with post-war inflation, Chancellor Ignaz Seipel asked for foreign loans and introduced austerity policies. In October 1922 Britain, France, Italy and Czechoslovakia provided a loan of 650 million gold kronen after Seipel promised not to attempt Anschluss with Germany for

1833-545: The turmoil, but noted that outflows had stabilized in April. The significance of those outflows was explained by the number of high-net-worth clients at the bank, whose assets exceeding $ 250,000 would not have been protected by the Federal Deposit Insurance Corporation (FDIC). First Republic noted it was "weighing strategic options" and aiming to reduce the size of its balance sheet. Since

1880-649: Was divided between the conservative countryside population and Red Vienna controlled by the Social Democrats. In 1927, during a political clash in Schattendorf , an old man and a child were shot and killed by the Heimwehr. On 14 July 1927 the shooters were acquitted and left-wing supporters began a massive protest during which the Ministry of Justice building was burned. To restore order, the police and army shot and killed 89 people and injured 600. The huge protest

1927-577: Was elected for a four-year term in a full session of both houses, while the Chancellor was elected by the National Council. As no political party ever gained a parliamentary majority, Austria was governed by coalitions of the conservative Christian Social Party and the right-wing Greater German People's Party or Landbund which were more conservative than the first government of Social Democrat Karl Renner of 1919–20, which had established

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1974-555: Was enacted on 1 October 1920 and amended on 7 December 1929. The republican period was increasingly marked by violent strife between those with left-wing and right-wing views, leading to the July Revolt of 1927 and the Austrian Civil War of 1934. In September 1919, the rump state of German-Austria —now effectively reduced to the Alpine and Danubian crownlands of the Austrian Empire—was given reduced borders by

2021-474: Was in competition with the growing Austrian Nazi party , which wanted Austria to join Germany. Dollfuss's Austrofascism tied Austrian identity to the Roman Catholic Church as an argument against a union of Austria with predominantly Protestant Germany. Political violence escalated into the Austrian Civil War of February 1934, between Social Democrats and government forces. On 1 May 1934, Dollfuss created

2068-548: Was its strongest international ally against Germany. In March 1933, Dollfuss suspended the parliament , which gave him the opportunity to establish an authoritarian government without a parliament. In May 1933 he created the Fatherland Front ( German : Vaterländische Front ). While outwardly fascist, it was mostly Catholic and influenced by the papal encyclical Quadragesimo anno of 1931 which refuted liberalism and socialism in favour of corporatism . The government

2115-496: Was left as an imperial capital without an empire to feed it. Only 17.8 percent of Austria's land was arable; the vast majority of arable land in the former Austrian half of the empire was now part of Czechoslovakia and Yugoslavia. The new constitution created a bi-cameral legislature with the upper house—the Federal Council —formed by representatives from federal states and the lower house—the National Council —to which deputies were elected in universal elections. The Federal President

2162-562: Was provided by the investment consortium to meet new capital requirements established by U.S. regulators. In December 2010, the bank once again became a public company via an initial public offering , raising $ 280.5 million. In November 2012, First Republic acquired Luminous Capital, a wealth management firm with $ 5.5 billion in assets, for $ 125 million. The 2015 acquisition was followed by in 2015, First Republic acquired Constellation Wealth Partners for $ 115 million. In December 2016, led by then chief investment officer Hafize Gaye Erkan ,

2209-686: Was succeeded by Rudolf Ramek . In December 1928 the Christian Social Wilhelm Miklas was elected to the post of Federal President and on 7 December 1929 the Constitution was amended, reducing the rights of the Parliament, making the Federal President electable by a popular vote and giving him the right to appoint the federal government and to issue emergency laws. After the 1930 legislative elections

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