First Republic Bank’s 84 branches in eight states will reopen Monday as branches of JPMorgan Chase Bank.
As part of the deal, 84 First Republic branches in eight states reopened as JPMorgan branches on Monday.
The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
First Republic is the second-largest bank by assets to fail in U.S. history. Here are some answers to questions you may have about what comes next for the bank and for depositors’ money.
The federal government took ownership of the collapsed California lender First Republic Bank and sold it to JPMorgan Chase on Monday.
JP Morgan Chase will take over the assets of First Republic Bank after it collapsed in the third major American bank failure this year.
First Republic Bank went into FDIC receivership Sunday evening.
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