First Republic Bank seeks strategic options amidst market uncertainty.

First Republic Bank's stock rose 2% ahead of the Federal Reserve's policy meeting and decision on interest rates, while investors wait for further developments on support for the bank. The bank is reviewing its options, including a sale, a capital infusion, and asset sales. The outcome of the Fed meeting is uncertain following recent events in the banking sector, including the failure of Silicon Valley Bank and two crypto-friendly lenders. Bank stocks were flat-to-down, with PacWest Bancorp falling 2.7% after reporting a decline in total deposits.