The bank also said it now plans to sell off assets and restructure its balance sheet.
in uninsured deposits that the bank was able to staunch the bleeding.
First Republic reported first-quarter results Monday that showed it had $173.5 billion in deposits in early March before Silicon Valley Bank failed on March 9. On April 21, it had deposits of $102.7 billion, including the $30 billion the big banks deposited. It said since late March, its deposits have been relatively stable.
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