The First Republic Bank in Marin County has officially closed after JPMorgan Chase & Co. acquired the institution earlier this year. Closure of the branch comes after JPMorgan Chase entered a deal to purchase the failed bank on May 1 after it was seized by the Federal Deposit Insurance Corp.
The bank had an unusually high number of deposits above the FDIC insured limit of $250,000. A total of 86 offices, as listed on the First Republic’s website, are set to “permanently close,” the branch at 750 Redwood Highway Frontage Road in Mill Valley is among them. Four branches in Santa Rosa, St. Helena, Napa and San Rafael are still operating.
First Republics that are now closed include one Marin County location, seven in San Francisco as well as four others in the Bay area, two in Southern California, one in Wyoming, three in New York City and two in Boston.
According to the press release from JPMorgan Chase on May 1, it will assume all deposits insured and uninsured from First Republic. The remaining First Republic sites will eventually be rebranded as Chase locations.
List of closed locations:
- 750 Redwood Highway Frontage Road, Suite 1218, Mill Valley
- 6001 Geary Boulevard, San Francisco
- One Embarcadero Center, San Francisco
- 405 Howard St., San Francisco
- 1809 Irving Street, San Francisco
- 653 Irving Street, San Francisco
- 1355 Market Street, Suite 140, San Francisco
- 1354 Castro Street, San Francisco
- 1400 Civic Drive, Walnut Creek
- 1155 California Drive, Burlingame
- 3130 Crow Canyon Place, San Ramon
- 201 West El Camino Real, Sunnyvale
- 12070 Ventura Boulevard, Studio City
- 12626 High Bluff Drive, San Diego
- 4050 W. Lake Creek Drive, Wilson, Wyoming
- 410 10th, New York
- 225 Broadway, New York
- 320 Park Ave., New York
- 772 Boylston St., Boston
- 1 Post Office Square, Boston