FDIC Releases Report Detailing Supervision of First Republic Bank

The Federal Deposit Insurance Corporation (FDIC) has released the results of an internal review evaluating the agency's supervision of First Republic Bank (San Francisco, CA) from 2018 until the bank's failure in May of 2023. The report provides information on the causes of First Republic's failure and evaluates the FDIC's supervision of the bank. To read the FDIC press release please click here.