The Graveyard › Banks › 2023
First Republic Bank
San Francisco, CA · failed May 1, 2023 · FDIC certificate 59017
First Republic Bank of San Francisco, CA failed on May 1, 2023. It opened on July 1, 2010, 12 years before. At its last report before that it held $212.6 billion in assets and $176.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2023, it held $232.9 billion. The FDIC estimates that the Deposit Insurance Fund lost $15.5 billion on it.
2010-092023-03
Assets at the end$212.6 billionlast report before May 1, 2023
Deposits at the end$176.4 billion
Estimated loss to the fund$15.5 billionDIF
Largest in the quarterly reports$232.9 billionMarch 31, 2023
Equity to assets7.7%March 31, 2023
Loans not being repaid0.1%noncurrent, March 31, 2023
Return on assets0.48%a year's rate, March 31, 2023
Staff7,040full time, March 31, 2023
Also ended in 2023
- Silicon Valley Bank · Santa Clara, CA · $209.0 billion in assets
- Signature Bank · New York, NY · $110.4 billion in assets
- Heartland Tri-State Bank · Elkhart, KS · $139.4 million in assets
- Citizens Bank · Sac City, IA · $60.4 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.