Banks Acquires Remainder of LA Bond Firm

February 1, 2002 (PLANSPONSOR.com) - First Republic Bank will acquire the remaining stake in a Los Angeles convertible bond house and pension fund manager that it doesn't already hold.

The 82% of Froley, Revy Investment Company, Inc., involved in the latest deal, supplements the 18% First Republic Bank acquired in January 2000.

Froley manages more than $2 billion in assets for public and corporate pension funds, insurance companies, endowments and foundations, high net worth individuals and broker/dealer managed account programs.