JPMorgan to Close 21 First Republic Branches; No Word on SD Locations

JPMorgan is closing 25% of First Republic’s branches

By Matt Egan, CNN New York (CNN) — JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic. In a statement on Thursday, JPMorgan said a quarter of First Republic’s 84 branches will shut by the end of the year. “These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office,” JPMorgan said in the statement. “Clients sho…

JPMorgan Will Close 21 First Republic Branches By End Of Year

JPMorgan Chase & Co. plans to close 21 First Republic Bank branches by the end of the year, representing about a fourth of the locations the Wall Street giant acquired in its takeover of the failed California lender.

JPMorgan is closing 25% of First Republic's branches

JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic.

JPMorgan to close 21 First Republic Bank branches before year’s end

JPMorgan Chase will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said Thursday.

JPMorgan to Close 21 First Republic Branches; No Word on SD Locations

The First Republic Bank branch in downtown San Diego. Image from Google Street View JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed California lender into its operations, a JPMorgan spokesperson said on Thursday. The San Francisco-based lender, which was the largest to collapse since the 2008 financial crisis, was seized by regulators in May and sold to JPMorgan. The locations c…

JPMorgan closing 25% of First Republic Bank branches

JPMorgan Chase and Co. plans to shut down roughly a quarter of the branches of its recently acquired First Republic Bank by the end of the year, a JPMorgan spokesperson confirmed Thursday. The spokesperson said JPMorgan will close 21 former First Republic locations, explaining that ones being shuttered "have relatively low transaction volumes and are generally within a short drive from another First Republic office." They did not reveal which lo…