First Republic Bank (FRC) Acquired Gradifi; No Terms
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First Republic Bank Acquires Gradifi
December 12, 2016 8:30 AM UTCLeading 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
