First Republic is taken over by authorities and sold to JPMorgan Chase
![Regulators seize First Republic](https://finintentpub.com/wp-content/uploads/2023/05/Finintentpub-3-768x432.png)
Regulators have seized First Republic Bank and sold all its deposits and most of its assets to JPMorgan Chase. First Republic, a bank with headquarters in San Francisco, was placed into receivership on Monday, making it the third regional US…