Mike Franks has joined First Republic Bank as a managing director in the firm’s Silicon Valley office. He previously was with Silicon Valley Bank as a managing director and direct or private equity services.
First Republic Bank, a leading provider of private banking and wealth management services, today announced that Mike Franks, a senior banker with extensive experience working with private equity and venture capital clients in Silicon Valley, has been named Managing Director.
Franks has more than 20 years of banking experience in Silicon Valley and is located at the bank’s Palo Alto office at 2275 El Camino Real. Franks will work with a team of First Republic bankers dedicated to venture capital, private equity, real estate funds and investment management clients at the bank’s offices in Palo Alto, San Francisco, Los Angeles, Boston, and New York.
First Republic has a full suite of products designed specifically for the needs of private equity and venture capital clients, including lending services, deposit services, foreign currency, letters of credit, and online banking, as well as business escrows, brokerage, securities custody, and cash management.
“Mike Franks is an outstanding addition to our team of bankers in Silicon Valley, and his appointment reflects the bank’s expanding commitment to serving the needs of private equity and venture capital firms across the country,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “The ongoing expansion of First Republic’s Business Banking group will continue to be a key driver of growth for our franchise.”
Prior to joining First Republic, Franks worked for Silicon Valley Bank for 10 years, most recently as Managing Director and Director of Private Equity Services. Earlier in his career, Franks worked for Greater Bay Bank and Comerica Bank in the San Jose area. Franks earned a Bachelor of Science degree in Finance from San Jose State University.
About First Republic Bank
Founded in 1985, First Republic Bank provides private banking, private business banking, and private wealth management, including brokerage and trust services. First Republic serves ten metropolitan areas: San Francisco, Los Angeles, Santa Barbara, Las Vegas, Newport Beach, San Diego, Portland, Seattle, Boston, and New York City. More information is available on the Bank’s website at www.firstrepublic.com. First Republic Bank is a division of Bank of America, N.A.