First Republic Bank Appoints Mike Roffler as CEO

Mar 14, 2022

Mike Roffler has been named CEO of First Republic Bank.

Submitted

Senior Editor

Founder Jim Herbert Transitions to Executive Chairman

First Republic Bank, based in San Francisco, announced the appointment of Mike Roffler as its CEO, effective immediately. He will continue to serve as president and board member.

Jim Herbert, who founded First Republic in 1985 and has served as its CEO and Co-CEO since that time, will transition to the role of executive chairman, the company said.

First Republic — which offers mortgages, home equity lines of credit, and refinancing — is the 14th largest U.S. bank, with an enterprise value greater than $19 billion.

Roffler joined First Republic in 2009 and has over 25 years of accounting and banking experience, including as a partner at KPMG. One of the first executives hired as a part of First Republic’s succession planning process, he was appointed CFO in 2014, president in 2021, and board member and acting co-CEO in 2022.

First Republic Bank

About the author

Keith Griffin

Senior Editor

Keith Griffin is a senior editor at NMP.

Link copied

Published

Mar 14, 2022

People On The Move

GVC Mortgage Hires New SVP, National Director Of Strategic Lending

Jim Janczy looking forward to leading growth initiatives nationwide

The Pendleton, Indiana-based GVC Mortgage has welcomed a new Senior Vice President and National Director of Strategic Lending. Jim Janczy actually began his mortgage career the same year GVC Mortgage was founded – 1996. He started as a loan officer at Bay Bank in Boston 2...

Construction

Single-family Housing Starts Remain Flat In April

National Association of Home Builders attributes levelling off to high rates and low confidence

Single-family housing starts lagged behind overall housing starts in April due to higher interest rates and lower builder sentiment, according to the National Association of Home Builders (NAHB). While the U.S. Census reported overall housing starts increased 5.7% in Apri...