JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

MAY 1, 2023 - 7:13 am

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

MAR 20, 2023 - 7:22 am

First Republic Bank appointed Neal Holland executive vice president and CFO and Olga Tsokova deputy CFO, effective Nov. 2. Tsokova will continue to serve as executive vice president and chief accounting officer in addition to her new responsibilities as deputy CFO. read more

AUG 24, 2022 - 7:40 am

First Republic Bank named Mike Roffler acting co-CEO of the company and appointed him to the company’s board of directors. As previously announced, Roffler also began service as president for the company on Jan. 1. read more

JAN 4, 2022 - 6:29 am

Jim Herbert, chairman and co-CEO of First Republic Bank, will take a medical leave of absence starting on Jan. 1. Hafize Gaye Erkan will continue to serve as co-CEO and George G.C. Parker will serve as acting chairman. The bank also appointed Mike Roffler president, effective Jan. 1. read more

DEC 15, 2021 - 6:31 am

The board of directors of First Republic Bank extended the contract of Jim Herbert, the bank’s founder, chairman and CEO, through Dec. 31, 2022. Hafize Gaye Erkan, president of the bank, also entered into a contract with the bank’s board to serve as co-CEO. read more

JUL 13, 2021 - 6:46 am