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Jun 5, 2023 · First Republic Bank was a San Francisco-based regional bank that focused on high-net-worth clients and failed in 2023 due to a run on deposits. Learn about its history, services, reasons for failure, and how JPMorgan Chase acquired most of its assets and branches.
First Republic is now part of JPMorgan Chase. Visit chase.com/branch to view branch locations near you. To find a Private Bank Office, please visit privatebank.jpmorgan.com/nam/en/locations.
May 1, 2023 · According to analysis from The Associated Press and The New York Times, First Republic Bank was indeed the second-largest bank failure based on the assets it held at the time of collapse.
First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. [2]
May 1, 2023 · April 24: Following a fairly quiet month for First Republic (its share prices actually rose nearly 25%), the bank delivers a downright dreadful earnings report, disclosing it suffered a 41% ...
May 1, 2023 · The focus of the U.S. regional banking crisis turned on First Republic Bank in late March after the wealthy clients it courted to fuel its breakneck growth began pulling their deposits.
May 1, 2023 · First Republic Bank has been taken over by the Federal Deposit Insurance Corporation and will be sold to JPMorgan — the third major bank to go under in less than two months.
