First republic talks extend into night after banks place bids
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April 29, 2023 at 2:15 AM EDTUpdated on April 30, 2023 at 9:48 PM EDT Lock This article is for SUBSCRIBERS ONLY. US regulators were working into the night to resolve the First Republic Bank
crisis late Sunday after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase
& Co., PNC Financial Services Group Inc., and Citizens Financial Group Inc. to submit offers, according to people with knowledge of the matter. Bank of America Corp. and US Bancorp were
also invited but decided against bidding, according to the people, who asked not to be identified discussing confidential talks.