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First Republic Bank said Sunday it's getting additional funding from the Federal Reserve and JPMorgan Chase after the regional bank's share price slumped sharply amidThis funding injects $70 billion of unused liquidity into San Francisco-based First Republic, the bank said in a
"First Republic's capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks," Jim Herbert, the bank's executive chairman, and Mike Roffler, its CEO, said in the statement.that it held $176.4 billion in deposits at the end of 2022 of which 68%, or $119.5 billion, was uninsured.
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