Which bank acquired First Republic Bank during the 2023 banking crisis?
Bank of America
Wells Fargo
Citibank
JPMorgan Chase
Answer
JPMorgan Chase acquired First Republic Bank during the 2023 banking crisis. On May 1, 2023, the FDIC announced that First Republic had been closed and sold to JPMorgan Chase.
Bank on Your Knowledge: The Ultimate First Republic Bank Trivia Challenge!