What the takeover of First Republic means for the bank's customers | CNN Business

First Republic Bank was taken over by the Federal Deposit Insurance Corporation, with most of its assets sold to JPMorgan Chase. Here's where things stand for customers.

Here’s where things stand for customers. Will I lose any money? No. Chase is assuming all deposits of First Republic customers. “To protect depositors, the

-insured. said. One quirk to note: If a First Republic customer already has Chase accounts, the transfer of their deposits to Chase will not count against their total balances at the bank initially. “All transferred deposits will be separately insured from any accounts you may already have at JP Morgan Chase Bank, N.A. for at least six months,” the

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