As of May 1, 2023, First Republic Bank ceased its independent banking operations. Previously, the institution offered private banking, private business banking, and comprehensive private wealth management solutions to clients across major U.S. metropolitan areas. Established in 1985 and headquartered in San Francisco, California, the bank's substantial assets and deposits were acquired by JPMorgan Chase through a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC). The remaining equity, under the ticker FRC-PJ (or FRCB), now trades on the OTCPK market.