| CEO Name | Michael J. Roffler |
| Nationality | United States |
| Net Worth Estimation | $20 million |
Michael J. Roffler's estimated net worth of around $20 million primarily stems from his executive compensation, stock holdings, and financial industry career earnings at First Republic Bank and prior roles at KPMG. This valuation aggregates reported SEC filings, equity grants, deferred compensation, and performance bonuses linked to his leadership positions.
Michael J. Roffler, CEO of First Republic Bank, has an estimated net worth of $20 million, which is 25% of the maximum CEO net worth of $80 million within the finance category. His net worth is significantly above the minimum of $0 USD.
Business Category: Finance
Minimum Net Worth (estimation): 0 USD
Maximum Net Worth (estimation): 80000000 USD
Michael J. Roffler Performance in First Republic Bank
Michael J. Roffler, CEO of First Republic Bank, demonstrates strategic leadership by prioritizing customer-centric banking solutions and risk management. His decision-making emphasizes sustainable growth and operational efficiency, driving consistent financial performance and expansion in key markets. Under Roffler's leadership, First Republic strengthened its reputation for personalized wealth management, significantly enhancing profitability and shareholder value.
Latest News
First Republic Bank Collapse Traced to Contagion, CEO Says
Former CEO Michael Roffler attributed First Republic Bank's failure to contagion from the sudden collapses of Silicon Valley Bank and Signature Bank, which led to over $100 billion in deposit withdrawals despite a $30 billion bank consortium bailout; efforts to tighten expenses and increase equity could not restore confidence, resulting in the FDIC seizure and sale to JPMorgan Chase on May 1, 2025. The bank struggled with liquidity and interest-rate risks exacerbated by rapid Federal Reserve rate hikes, which lowered projected profits and asset values.
Source: http://www.bankingdive.com/news/first-republic-failure-testimony-roffler-contagion-svb-signature-fdic-gruenberg/650533/