Regulators found a buyer for First Republic, but the conditions that led to its failure remain in place.
Tag: JPMorgan Chase & Company
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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
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First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers
JPMorgan and PNC, two of the country’s largest banks, are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.