FORM 8-K


                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                   Form 8-K
                                Current Report


    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report
August 8, 1997

                          FIRST REPUBLIC BANCORP INC.
                          ---------------------------
            (Exact name of registrant as specified in its charter)


        Delaware                      0-15882                   94-2964497
        --------                      -------                   ----------
(State or other jurisdiction        (Commission               (IRS Employer
 of incorporation)                   File Number)           Identification No.)



                               388 Market Street
                             San Francisco, CA  94111
                             ------------------------
              (Address of principal executive office) (Zip Code)


                                (415) 392-1400
                                --------------
             (Registrant's telephone number, including area code)


                                Not applicable
                                --------------
          (Former name, former address, if changed since last report)







Item 5.  Other Events

First  Republic  Bancorp  Inc.  hereby  files with the  Securities  and Exchange
Commission (the  "Commission") its press release,  dated August 7, 1997, that it
has increased by 500,000 shares its authorized stock repurchase plan.






                                  SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                    First Republic Bancorp Inc.
                                    (Registrant)



Date: August 8, 1997                /s/Willis H. Newton, Jr.
                                    -------------------------------
                                    Willis H. Newton, Jr.
                                    Senior Vice President and
                                    Chief Financial Officer






FOR IMMEDIATE RELEASE
- ---------------------

                       FIRST REPUBLIC BANCORP INC. ANNOUNCES
                  ADDITIONAL INCREASE IN STOCK REPURCHASE PROGRAM

                                                       Common Stock Symbol - FRC
                                                      New York/Pacific Exchanges

     San Francisco,  California,  August 7, 1997 - First  Republic  Bancorp Inc.
(the "Company") announced today that its Board of Directors has increased, by up
to an additional  500,000 shares, the number of shares authorized for repurchase
from time to time, either in open-market transactions or in block purchases. The
Company initiated a stock repurchase  program in June 1993. To date, the Company
has  repurchased an aggregate  total of 1,060,000  shares and there is remaining
authorization to repurchase 96,000 shares. The newly authorized shares bring the
total authorized,  but unexecuted, in the repurchase plan to 596,000 shares. The
Company presently has 9,496,000 shares issued and outstanding.

     The Company has total  assets of $2.2  billion  and  functions  as a direct
lender as well as a mortgage banker through its  FDIC-insured,  Nevada chartered
thrift company  subsidiary.  First Republic  Savings Bank provides both loan and
deposit services from thirteen locations in San Francisco,  Los Angeles, Beverly
Hills and San Diego, California and in Las Vegas, Nevada.

For further information call:
Mr. Owen Blicksilver
Principal Communications
875 3rd Avenue
New York, NY 10022
(212)303-7603