First Republic Bank rout; unable to shake depositor anxiety
Associated Press
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First Republic Bank signs and logos rest near a parking space, below, and on the exterior of a bank branch location, above, Wednesday, April 26, 2023, in Wellesley, Mass. First Republic Bank's stock continued to slide Wednesday, an ongoing rout that has erased much of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses. (AP Photo/Steven Senne)A sign to a First Republic Bank location is shown in San Francisco, Tuesday, April 25, 2023. First Republic Banks stock plunged Tuesday after it said depositors withdrew more than $100 billion during last months crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Jeff Chiu)First Republic Bank signs and logos are attached to a window at a branch location, Wednesday, April 26, 2023, in Boston. First Republic Bank's stock continued to slide Wednesday, an ongoing rout that has erased much of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses. (AP Photo/Steven Senne)A pedestrian walks past a sign to a First Republic Bank location in San Francisco, Tuesday, April 25, 2023. First Republic Bank's stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month's crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Jeff Chiu)A pedestrian walks toward a First Republic Bank location in San Francisco, Tuesday, April 25, 2023. First Republic Bank's stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month's crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Jeff Chiu)First Republic Bank signs and logos rest on the exterior of a branch location, Wednesday, April 26, 2023, in Boston. First Republic Bank's stock continued to slide Wednesday, an ongoing rout that has erased much of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses. (AP Photo/Steven Senne)FILE - A television screen displaying financial news, including the stock price of First Republic Bank, is seen inside one of the bank's branches in New York's Financial District, on March 16, 2023. Customers of the bank pulled more than $100 billion in deposits out of the bank during the March crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Mary Altaffer, File)First Republic Bank signs and logos rest on the exterior of a branch location, Wednesday, April 26, 2023, in Boston. First Republic Bank's stock continued to slide Wednesday, an ongoing rout that has erased much of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses. (AP Photo/Steven Senne)
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First Republic Bank signs and logos rest near a parking space, below, and on the exterior of a bank branch location, above, Wednesday, April 26, 2023, in Wellesley, Mass. First Republic Bank's stock continued to slide Wednesday, an ongoing rout that has erased much of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses. (AP Photo/Steven Senne)
