First Republic Bank Appoints Mike Roffler as CEO

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.