Uncertainty looms over First Republic Bank's future.

JPMorgan Chase Bank has assumed all deposits and assets of First Republic Bank, which was closed by the California Department of Financial Protection and Innovation. First Republic Bank's 84 offices in eight states will reopen as branches of JPMorgan Chase Bank. Depositors will have full access to their deposits, which will continue to be insured by the FDIC. The cost to the Deposit Insurance Fund is estimated to be about $13 billion.