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FRC - First Republic Bank stock swoon deepens on report FDIC takeover imminent
FIRST REPUBLIC BANK
2023-04-28 16:51:11 ET
First Republic Bank ( NYSE: FRC ) stock dropped 51.3% more in Friday after-hours trading as the U.S. federal Deposit Insurance Corp. prepares to place the embattled regional lender into receivership imminently, Reuters reported, citing a person familiar with the matter.
This is a developing story. Check back for updates.