Personalizing Finance Services for BizAv

Jim Simpson discusses aircraft financing provided by First Republic Bank to the Business Aircraft community. Areas covered include:

• The types of transactions structured by First Republic Bank.
• The typical characteristics of an aircraft loan.
• What should a prospective borrower expect in the market today.
• Some of the changes in financing as aircraft size increases.
• Unique financing considerations that people should keep in mind?

About Jim Simpson

Jim Simpson, Senior Managing Director, First Republic Bank – Jim commenced flying aircraft in high school. He came to First Republic Bank in 2006 from Bank of American where he provided financing for corporate, regional, and major domestic and international airlines that incorporated financing structures for Foreign Sales Corporations, EXIM Guarantees, Japanese Leveraged Leases for 25 + years.

Through his leadership at First Republic Bank, he established a team that provides customized financing of the aviation needs of the Bank’s clients, who are High Net Worth US Citizens/US Resident Non US Citizens and their businesses.

He speaks at many industry conferences on topics related to financing aircraft for the High Net Worth; serves on the Board of the National Aircraft Finance Association; and Co-Chairs the 2020 NBAA Finance, Registration & Legal Conference.

First Republic Bank

First Republic Bank’s Aviation loan portfolio is geographically diverse with its clients centered in the Bank’s key geographic markets. Furthermore, our clients are involved in diverse business activities for which FRB specializes in meeting the unique financing needs of these industries – such as real estate, private equity, hedge funds, venture capital, and the wine industry– and they use aircraft as a tool to conduct business. Since inception in 2006, the team has funded over 150 aircraft transactions with original commitments exceeding $950MM since the team commenced operations. Our foreclosures and losses have totaled $0.00 during this time.

Founded in 1985, First Republic Bank (NYSE: FRC) and its subsidiaries offer private banking, business banking, and private wealth management services. These services include a complete line of banking products for individuals and businesses are offered through our San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Jackson Wyoming, Boston, Palm Beach, Greenwich, and New York City area preferred banking offices.

Publicly traded under the NYSE stock symbol “FRC,” First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index. The Bank exceeds all of the current regulatory guidelines to be well-capitalized and is a member of the Federal Deposit Insurance Corp. (FDIC) and an Equal Housing Lender.

The Bank, with over $115 Billion in Assets, was rated in the top 50 Banks in 2019.

To read the transcript for this podcast, click here.