First Republic Bank said Monday that it plans to sell up to 4 million shares at the market price. That would raise about $344 million at today’s share price at the $86 level.
The $96 billion bank (NYSE: FRC), which has built a solid franchise offering private banking and wealth management services to affluent clients, said it plans to use the money for lending, investing in securities or other general corporate purposes.
The offering allows the bank to take advantage of the heightened demand…
