Claim: First Republic Bank was closed and sold to JPMorgan Chase on May 1, 2023, making it the second-largest U.S. bank failure in history based on its total assets.
Fact-check: Was First Republic the 2nd-Largest Bank Failure in US History?
Verdict: true
Organisation: Snopes
Author: Nur Ibrahim
Date published: 2023-05-01T16:59:03