Tom Barrack Leads Efforts to Rescue First Republic.

Tom Barrack, founder of Colony Capital and a member of First Republic Bank's board, is playing a key role in advising the bank on its options as it seeks to avoid collapse after a $30 billion rescue last week failed to reassure investors. Barrack is working closely with Executive Chairman Jim Herbert in orchestrating any potential deal. Moody's has downgraded the bank to junk, warning that the rescue could weigh on profits, while S&P Global has lowered First Republic's long-term issuer credit rating further into junk territory.