JPMorgan to acquire First Republic Bank assets, assume all deposits

SAN FRANCISCO¬† -US financial authorities have taken possession of California’s troubled First Republic Bank, which will be acquired by JPMorgan Chase, government regulators announced Monday. “To protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all of the deposits and substantially all … Continue reading JPMorgan to acquire First Republic Bank assets, assume all deposits