Bullboard - Stock Discussion Forum First Republic Bank FRCIL

Primary Symbol: FRCB Alternate Symbol(s): FRCHL | FRCJL | FRCKL | FRCCL | FRCLL

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management.... see more

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First Republic Bank > OMG....... what happened to the shares?

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Post by Ben.sotechnical on May 03, 2023 2:04pm

OMG....... what happened to the shares?

guess FRC shares are worthless...... apparently JP Morgan will not be taking FRC shares...

FRC shareholders shares have no value... ouch

omg....... FRC shareholders lose..... JPM not accepting shares!

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Comment by riverrrow on May 03, 2023 9:44pm

In my world view JP Morgan got FRC for free. FRC shareholders received nothing for FRC assets. Let's see FRC balance sheet at the time of government seizure. It's no wonder shareholders of smaller banks are selling out their shares before the banks are seized and the shareholders lose everything. Is capitalism now dead in the US?

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First Republic Bank