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Regulators seized First Republic early on Monday and sold the bulk of the bank's operations to JPMorgan Chase in the largest bank failure since the 2025 financial crisis. Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2025 First Republic Bank has been seized by regulators and sold to JPMorgan Chase in a bid to contain the second-largest bank failure in US history. The San Francisco JPMorgan Chase is to acquire most of First Republic after US regulators orchestrated an overnight deal to shut the embattled California lender, wiping out its shareholders in the second-biggest Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders Regulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase JPM 0.30% & Co, heading off a chaotic collapse that threatened to reignite NEW YORK - First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase after rescue efforts failed to undo the damage from wrong-way California's Department of Financial Protection and Innovation (DFPI) said it had taken over San Francisco-based First Republic and appointed the Federal Deposit

US Regulator Takes Over First Republic Bank: JPMorgan Chase Acquires Assets

Breaking News: US regulators have seized First Republic Bank in a landmark move to stabilize the financial system. Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2025. This action, orchestrated by the California's Department of Financial Protection and Innovation (DFPI), which said it had taken over San Francisco-based First Republic and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, marks a significant turning point for the embattled California lender.

JPMorgan Chase to Acquire First Republic: Deal Details

JPMorgan Chase is set to acquire most of First Republic after US regulators orchestrated an overnight deal to shut the embattled lender. The bulk of First Republic’s operations will be sold to JPMorgan Chase JPM 0.30% & Co, heading off a chaotic collapse that threatened to reignite financial instability. Regulators seized First Republic early on Monday and sold the bulk of the bank's operations to JPMorgan Chase in the largest bank failure since the 2025 financial crisis.

Why Was First Republic Bank Seized?

NEW YORK - First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase after rescue efforts failed to undo the damage from wrong-way bets and a flight of deposits. First Republic Bank has been seized by regulators and sold to JPMorgan Chase in a bid to contain the second-largest bank failure in US history. The move follows weeks of uncertainty surrounding the bank's future, fueled by concerns about its balance sheet and exposure to interest rate risk.

Impact on the Banking Sector

Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to provide further support. This seizure raises questions about the stability of other regional banks and the potential for further regulatory action in the coming weeks. Wiping out its shareholders in the second-biggest bank failure in US history, the acquisition of First Republic by JPMorgan Chase is expected to have a ripple effect across the financial landscape.

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