# FIRST REPUBLIC BANK

> **Failed bank** · SAN FRANCISCO, CA · failed 2023-05-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $15,753M

## What happened

FIRST REPUBLIC BANK of SAN FRANCISCO, CA was closed by regulators on **2023-05-01**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **JPMORGAN CHASE BANK, N.A.** (COLUMBUS, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4107
- **FDIC Certificate:** 59017
- **FDIC FIN:** 10543
- **Bank name:** FIRST REPUBLIC BANK
- **Location:** SAN FRANCISCO, CA
- **Failure date:** 2023-05-01
- **FDIC resolution date:** 2023-05-01
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $15,753M
- **Deposits at failure:** $176,437M
- **Assets at failure:** $212,639M
- **Acquiring bank:** JPMORGAN CHASE BANK, N.A. (COLUMBUS, OH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20REPUBLIC%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST REPUBLIC BANK (FDIC ID 4107), failed 2023-05-01. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/4107.

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