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News Articles: First Republic Bank

The Bank of Bird-in-Hand in Pennsylvania is one of the country's more than 4,000 lenders. It has thrived by catering to the Amish community in the town of Bird-in-Hand. Its mobile branches, like the one pictured here, travel to remote parts of the state, carrying with them ATMs and a teller window.

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

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By:
  • Stacey Vanek Smith
A worker cleans the outside of a First Republic bank in San Francisco. The lender was taken over by regulators and sold to JPMorgan Chase, marking the third bank failure in the country this year.

JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.

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By:
  • David Gura
Shares of First Republic Bank plunged again today, as investors react to financial disclosures from the bank.

First Republic Bank shares plummet, reigniting fears about U.S. banking sector

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.

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By:
  • David Gura
Traders work on the floor at the New York Stock Exchange in New York on March 13.

5 big moments from the week that rocked the banking system

The collapse of Silicon Valley Bank last Friday set off a series of events that have many reeling about just what is happening at banks in the U.S. and around the world.

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By:
  • Mary Yang
A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks.

First Republic becomes the latest bank to be rescued, this time by its rivals

The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.

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By:
  • David Gura