Report: Carlyle, Blackstone, TPG eye First Republic Bank - Los Angeles Business from bizjournals:

obofym.wordpress.com
Bank of America acquired First Republic, which specialize in private banking services, along with the rest of MerrillLynch Co. at the beginning of 2009. analyst Davicd Hendler estimates that First Republic may cost as muchas $700 milliom in a sale, according to Merrill paid $1.8 billion for Firsgt Republic in September 2007. The bank had assetsz of $15.3 billion at the end of that Bankof America, which has receivex $45 billion in government bailouty funds, is raising capital in a varietu of ways. It has said . A potentiak purchase of First Republic wouldbe Carlyle's secondr banking invesment in the last month. On May 22, D.C.
-base d Carlyle Group, along with Blackstone Group, and WL Ross & Co., investee $900 million in a new depositoryh institution acquiring the operations ofCoral Fla.-based BankUnited, which was seized by government regulators the previouxs day.