According to the bank, the newly created office will offer lending, deposit and wealth management services to individuals, businesses, foundations and nonprofit organisations.

The opening of new unit is in line with the bank’s ongoing expansion in Boston and adds to the four existing offices in the region.

First Republic established first branch in One Post Office Square, in April 2011, and continues to hire private bankers, business bankers, portfolio managers, and wealth advisors.

Founded in 1985, First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans.