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Ed Beardsworth got a tall box in the mail about two years ago. Inside was a sturdy umbrella with a First Republic Bank logo on it. The gift, showered upon him for opening his accounts, put a pep ...
The FDIC announced it seized First Republic Bank and that JPMorgan Chase would be purchasing the bank’s assets and deposits. Barron’s reporter Megan Cassella explains what led up to the latest ...
Republic First is unaffiliated with the troubled lender, First Republic, which recently received a $30B lifeline.
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.
After a weekend considering their options, federal regulators took over the troubled San Francisco–based First Republic Bank early Monday morning and sold most of its operations to JPMorgan ...
The Federal Deposit Insurance Corporation is set to seize control of First Republic Bank, according to multiple reports. Shares of the ailing regional bank cratered on Friday following a CNBC ...
First Republic is the second-largest U.S. bank by assets to collapse after Washington Mutual, which failed during the financial crisis of 2008 and was also acquired by JPMorgan.
Surprising Fact In 2022, Republic First’s financial auditor told the bank it had “material weaknesses in internal control over financial reporting,” according to a regulatory filing.
First Republic Bank is ranked among the top 30 banks in the U.S. by assets, but was far from the top American banks, which measure their assets in the trillions.
United Republic Bank of Omaha will keep its name after a planned acquisition combines its assets with those of a holding company that consists of five bank branches.
First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major bank to go under in less than two months.