First Republic Bank, a premier private bank and wealth management firm founded in 1985 by Jim Herbert in San Francisco, California, was led by CEO Mike Roffler from March 2022 until the bank’s seizure in May 2023. Roffler, a longtime First Republic insider who joined the company in 2009, rose through the ranks from Deputy CFO to Chief Financial Officer before being appointed CEO and President. Under his watch, the bank managed over $212 billion in total assets and served high-net-worth clients across 93 offices in 11 states. However, contagion from the collapse of Silicon Valley Bank triggered a massive deposit run that ultimately led to First Republic’s failure and acquisition by JPMorgan Chase.

(Suggested: Truist Financial CEO Email & Net Worth – Bill Rogers)

Mike Roffler – Quick Facts

First Republic Bank Competitors

Before its closure, First Republic Bank competed in the private banking and wealth management space with some of the most prominent financial institutions in the United States:

• Goldman Sachs – global investment banking and wealth management
• PNC Financial – diversified financial services
• Regions Financial – consumer and commercial banking, wealth management
• Citizens Financial Group – private banking and wealth management
• Charles Schwab – brokerage and wealth management
• M&T Bank – commercial and retail banking
• Comerica – business and personal banking
• Truist Financial – full-service banking and wealth management

Mike Roffler Net Worth – First Republic Bank CEO Salary

Mike Roffler’s net worth is estimated at approximately $6–10 million USD, based on his stock holdings and compensation history at First Republic Bank. As CEO, his total compensation for fiscal year 2022 was approximately $6.1 million. In 2023, Roffler and the executive team agreed to forgo their annual bonuses and performance-based incentives as the bank faced its crisis.

First Republic Bank CEO Compensation Breakdown (FY2022)

First Republic Bank Net Worth – Was First Republic Profitable?

Yes, First Republic Bank was a profitable institution before its collapse. In fiscal year 2022, the bank reported net income of $1.7 billion and revenues of $5.9 billion. At its peak in November 2021, the bank’s market capitalization exceeded $40 billion. However, the contagion from the Silicon Valley Bank and Signature Bank failures in March 2023 triggered a catastrophic deposit run that led to First Republic’s seizure by regulators.

First Republic Bank Financial Summary (FY2022 – Final Full Year)

(Recommended: Fifth Third Bank CEO Email & Net Worth – Tim Spence)

First Republic Bank CEO Email | Mike Roffler Contact

Below are the contact details and social media profiles for former First Republic Bank CEO Mike Roffler. Note that First Republic Bank no longer exists as an independent entity, and its operations are now part of JPMorgan Chase.

Career & Education – Company, University, & College

Mike Roffler built his career at the intersection of accounting and banking, spending 16 years at KPMG LLP before joining First Republic Bank. His deep institutional knowledge of the bank’s operations made him a natural successor when the CEO position opened in 2022.

Mike Roffler Career Timeline

Before entering the banking world, Roffler spent 16 years at KPMG LLP as a Certified Public Accountant (CPA), including five years as an audit partner. This extensive accounting background gave him a thorough understanding of financial reporting and risk management.

He joined First Republic Bank in 2009 as Senior Vice President and Deputy Chief Financial Officer. In 2015, he was promoted to Executive Vice President and Chief Financial Officer, where he played a critical role in the company’s second IPO in 2010 and oversaw the bank’s strong financial performance for several years. He became President in 2021 and was named Acting Co-CEO in January 2022 after Co-CEO Hafize Gaye Erkan departed. The Board formally appointed him as sole CEO in March 2022.

(Related: Regions Bank CEO Email & Net Worth – John Turner)

Education

Mike Roffler Wiki – Age, Wife, Family, & More

Mike Roffler (approximately 55 years old as of 2026, based on his 1993 college graduation) is based in the San Francisco Bay Area. He is married to Cori (Kwiatkowski) Roffler, a fellow Marquette University graduate (Class of 1994). They have a son named Jack, who has also attended Marquette University, continuing the family’s strong connection to the institution.

Notable Achievements & Community Involvement

• Marquette University Distinguished Alumnus – Recognized by the College of Business Administration
• American Heart Association Board Member – Served on the Bay Area AHA board and led the Heart Walk campaign since 2017
• Second IPO Architect – Played a critical role in First Republic Bank’s second IPO in 2010
• Congressional Testimony – Testified before the House Financial Services Committee in May 2023 regarding the banking crisis
• Philanthropist – Known for supporting educational causes and encouraging healthy lifestyles alongside wife Cori

Roffler and his wife Cori are active philanthropists who aim to give educational support to future generations. He is a passionate Marquette basketball fan and was known to attend NCAA tournament games regularly.

(Suggested: US Bank CEO Email & Net Worth – Andrew Cecere)

About First Republic Bank

First Republic Bank was an American commercial bank and wealth management firm headquartered in San Francisco, California. Founded in 1985 by Jim Herbert, the bank specialized in serving high-net-worth individuals with personalized private banking, wealth management, brokerage, trust services, and real estate lending. At its peak, it was one of the largest banks in the United States.

First Republic Bank was publicly traded on the New York Stock Exchange under the ticker symbol FRC until its closure. The bank operated 93 offices across 11 states, primarily in New York, California, Massachusetts, and Florida. On May 1, 2023, the bank was seized by the FDIC and sold to JPMorgan Chase, marking the second-largest bank failure in U.S. history at the time.

Frequently Asked Questions (FAQ)

Who was the last CEO of First Republic Bank?

The last CEO and President of First Republic Bank was Mike Roffler (Michael J. Roffler). He was appointed CEO in March 2022 and served until the bank was seized by the FDIC and sold to JPMorgan Chase on May 1, 2023.

What is Mike Roffler’s net worth?

Mike Roffler’s net worth is estimated at approximately $6–10 million USD, based on his historical stock holdings and compensation history at First Republic Bank. His total compensation as CEO in FY2022 was approximately $6.1 million.

What was First Republic Bank CEO’s salary?

Mike Roffler earned approximately $6.1 million in total compensation for fiscal year 2022, including a $900,000 base salary, a $2.95 million annual bonus, and approximately $2.25 million in stock awards. In 2023, the executive team agreed to forfeit all bonuses and performance-based incentives.

What happened to First Republic Bank?

First Republic Bank was seized by the FDIC on May 1, 2023, and sold to JPMorgan Chase. The collapse was triggered by massive deposit outflows following the failures of Silicon Valley Bank and Signature Bank in March 2023. Customers withdrew over $100 billion in deposits, and despite a $30 billion infusion from 11 large banks, the institution could not be saved.

What is Mike Roffler’s email address?

Mike Roffler’s former email at First Republic Bank was [email protected], but this address is no longer active since the bank’s closure. He can be reached via his LinkedIn profile.

Was First Republic Bank a profitable company?

Yes, First Republic Bank was highly profitable before its collapse. In fiscal year 2022, the bank reported net income of $1.7 billion on revenues of $5.9 billion. It had total assets of $212.6 billion and a peak market capitalization exceeding $40 billion in November 2021.

Article last updated:January 2026March 2, 2026