San Francisco-based First Republic Bank opened the First Republic Trust Co. of Wyoming, which is a part of its private wealth management arm.
The trust company can serve as the fiduciary, executor or co-executor on revocable, irrevocable, testamentary, charitable, marital, estate settlement and administrative trusts. It can also serve as executor or co-executor/personal representative or co-personal representative.
The bank already has trust powers in California, Oregon, Washington, New York, Connecticut, Massachusetts, Florida and Delaware.
First Republic's private wealth management had more than $151 billion in assets under management as of Dec. 31, 2019, according to a news release.