First Republic Bank is a private bank headquartered in San Francisco, California. Founded in 1985, it specializes in providing personalized banking services, including wealth management, private banking, and commercial real estate financing. The bank primarily serves high-net-worth individuals and businesses, focusing on building long-term relationships with its clients. In May 2023, First Republic Bank faced significant financial challenges, leading to its acquisition by JPMorgan Chase. This event was part of a broader trend in the banking sector, where several regional banks experienced instability. The acquisition aimed to stabilize the bank's operations and protect its customers' deposits.