Robert thornton first republic bank

robert thornton first republic bank

First Republic Bank execs quietly sold $12M in stock BEFORE SVB crash: Chairman sold $4.5m, chief credit officer sold $2.5m in trades ending just two days before crash - and head of wealth management sold 73% of his shares worth $3.5m in January

First Republic Bank executives quietly sold nearly $12 million worth of its stock in just the past three months, according to the Wall Street Journal.

Executive Chairman James Herbert II sold the most of any of the other insiders, off-loading a whopping $4.5 million worth of shares since the start of the year.

In all, four of the struggling bank's top executives sold $11.8 million worth of stock so far this year, at prices averaging just below $130 a share, the Journal found.

Some of these sales came just days before the bank started facing liquidity troubles, as panicked investors sought to get their money back following the fall of Silicon Valley Bank and Signature Bank.

It remains unclear whether the executives engaged in any insider

The Next Chapter: Former First Republic Head Launches RIA ...

    First Republic’s broker roster grew to around 100 teams by 2021, up from 30 to 40 teams when Thornton took over, the executive said in a 2021 podcast.Following an exodus of dozens of advisors.

First Republic Bank Insiders Dumped $12 Million In Stock ...

  • Robert L. Thornton, the former head of First Republic Bank’s private wealth division who oversaw its dramatic growth over the past decade, is planning to launch his own firm, according to.

    • Robert Thornton - Executive VP & President, First Republic ...

      Boston-based private equity firm Summit Partners is backing former First Republic Private Wealth Management head Bob Thornton’s wealth management venture, according to an announcement on.

    Bob Thornton - Summit Partners - LinkedIn

      In this rare interview, Robert “Bob” Thornton, Executive Vice President and President of First Republic Private Wealth Management, joins the show to talk about their remarkable success.

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      View Bob Thornton’s profile on LinkedIn, a professional community of 1 billion members.

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  • In this rare interview, Robert “Bob” Thornton, Executive Vice President and President of First Republic Private Wealth Management, joins the show to talk about their remarkable success.
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    Ex-First Republic Chief Investment Officer Exits JPMorgan

  • Thornton, the former president of First Republic Private Wealth Management, left JPMorgan with ambitions to launch his own firm, sources said.
    • Experience: Vanilla · Location: Los Angeles · 500+ connections.
    In 2020 alone, First Republic recruited 8 mega-teams representing a total of $19 billion in assets—with top talent from Merrill Lynch, J.P. Morgan, Morgan Stanley, Wells Fargo Private Bank and.
    Previously, Bob served as President of the Private Wealth Management business of First Republic Bank, where he led the growth of that business.

    SEC reportedly investigating First Republic executives for ...

  • He became Executive Vice President of First Republic Bank in 2015 and oversees banking activities for the Los Angeles and Palm Beach regions.