Uncertainty Looms Over First Republic Bank's Future as Regulators Weigh Options

Regulators are searching for a solution to First Republic Bank's woes, with the bank struggling since the collapse of Silicon Valley Bank and Signature Bank in early March. The bank's stock closed at $3.51 on Friday, a fraction of the roughly $170 a share it traded for a year ago. The Federal Deposit Insurance Corporation is said to prefer selling the bank in its entirety than in pieces, with the bank most likely to collapse next due to its high amount of uninsured deposits and exposure to low interest rate loans. First Republic has been looking for a way to quickly turn itself around, but investors remain skeptical.