Business
The Federal Deposit Insurance Corp. says JPMorgan Chase Bank will take over all assets of troubled First Republic Bank.
May 1, 2023
Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday.
April 30, 2023
First Republic became known for handing out interest-only mortgages at rock-bottom rates to borrowers with high incomes and exceptional credit scores.
First Republic is getting funds from JPMorgan, BofA, Citi, Wells Fargo and others, showing the ‘resilience of the banking system,’ regulators say.
March 16, 2023
First Republic Bank reversed a 36% plunge as some of the nation’s largest lenders were nearing a U.S. government-orchestrated deal to deposit about $30 billion in an effort to stabilize the bank.
It might well make you wonder about the stability of the U.S. banking system that First RepublicBank Corp. is being rescued by the federal government less than a year after it was born in the merger of the two biggest banks in Dallas, RepublicBank and Interfirst.
March 23, 1988
World & Nation
RepublicBank and InterFirst, Texas’ second- and third-largest banks, announced Tuesday that they would merge in a $580-million stock swap deal, creating the state’s largest bank.
Dec. 17, 1986
Citicorp, the nation’s largest bank holding company, emerged Tuesday as a possible suitor for First RepublicBank Corp., the Texas institution troubled by bad real estate loans.
June 29, 1988
Ex-Officers of First RepublicBank Sued: Federal regulators filed a lawsuit against former directors and officers of failed First RepublicBank Corp. of Dallas, seeking at least $100 million for their involvement in the nation’s largest bank failure.
July 26, 1991
A Charlotte. N.C.
July 30, 1988