First Republic Bank (FRC) Acquired Gradifi; No Terms

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Go back to First Republic Bank (FRC) Acquired Gradifi; No Terms

First Republic Bank Acquires Gradifi

December 12, 2016 8:30 AM EST

Leading student loan repayment platform provides innovative employer benefit to help attract and retain talent

SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYSE: FRC), today announced it has acquired Gradifi Inc., a Boston-based student loan repayment technology platform to assist the nation's 44 million student loan borrowers.

Gradifi pioneered the SLP PlanTM (Student Loan Paydown), a technology and service platform used by employers to make direct contributions to employees student loans, reducing their overall repayment time and lowering the total cost of the loan. This employee benefit is becoming... More