Statement by FDIC Board Member Jonathan McKernan on First Republic Bank
STATEMENT | MAY 1, 2023 Statement by FDIC Board Member Jonathan McKernan on First Republic Bank I am pleased we were able to deal with First Republic’s failure without using the FDIC’s emergency powers. It is a grave and unfortunate event when the FDIC uses these emergency powers. Any decision to use the FDIC’s emergency […]
Press Release: JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California
PRESS RELEASE | MAY 1, 2023 JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California WASHINGTON – First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. […]
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