lender. this is a major regional bank. as of the end of march, itted a $233 billion in assets. so that means that if the fdic does step in to take over this bank, it would be the second largest bank failure in american history. as you can see on your screen. that stock chart shows all of the concern about first republic right now. it s down 97% since march, when this banking crisis began. and the stock took another hit last week after first republic revealed that 41% of its deposits fled the bank last quarter. that worked out, fredricka, to a stunning $72 billion in loss of deposits. oh, my goodness. that s stunning and remarkable. and with all of that, there s also a shift to mortgage fees going into effect tomorrow. so what should home buyers be aware of? that s right, fredricka. so broadly speaking, we re seeing an increase in mortgage fees for people with higher
connecticut. it even has a branch right across the street from our offices here in montana. the problem is that two-thirds of his deposits were uninsured as of last year. that means above the $250,000 limit that the fdic insures. and a lot of bank customers, day got very nervous after silicon valley bank collapsed last month. we saw that first republic lost 41% of its deposits in the first quarter alone. that translates to a loss of $72 billion in deposits. jim, now we are just waiting to see if a big bank will come to the rescue of first republic. and if u.s. officials are able to stop this bank crisis from spreading to other banks. yeah, that s certainly something that they have got to get to the bottom of. and get a handle on quickly, because these things, as you know, we ve seen this before. things can spiral out of control quickly. all right, matt egan, thank you so much. appreciate it. the fed is set to meet this week and it s widely expected to
end of mark. if they do step in to seize control of first republic, this would be the second biggest bank failure in american history, even bigger than the failure last month of sill i silicon valley bank. that failure made a lot of uninsured depositors very nervous. that s a problem for first republic because it caters to richer customers. 41% of its deposits left the bank in the first quarter alone. that equated to a staggering $72 billion. wow. that s pretty significant. what does this mean for people who still have money in first republic who were hoping that it had longevity still? that s a great question. first we have to remind everyone that the fdic insures $250,000
the problem, though, is that the silicon valley bank implosion last month, that made a lot of uninsured dpoesers, those above $250,000 made them nervous. first republic disclosed just how nervous last week. the bank said a stunning 41% of its deposits left the bank during the first quarter alone. that equated to a loss of $72 billion in deposits. fredricka, now we wait to see if the fdic will decide to take control of first republic or if another big bank will come to the rescue. so, ryan, how do you see it? could potentially be the case that another big bank doesn t bid enough for first republic and fdic says, no, it will be our property afterall? well, i think that s the worst case scenario. i think the fdic is behind the scenes making sure the bids are in. just to be clear, the bids they re making are binding. reported jp morgan, pnc in there
$72 billion in deposits, and that s despite the $30 billion injection from big banks that came up with this lifeline. now, jim, the question is whether or not big banks are going to step up with another rescue here for first republic. and, you know, if this doesn t go through, how big of a jolt might this be for the market and for folks at home who are wondering, you know, might my bank be next? is this something folks need to start worrying about? i think we need to remind everyone that the fdic insures up to $250,000 per bank, per borrower. that happens no matter what the bank s stock is doing. so as long as you don t have more than $250,000, that money is being insured by the fdic. i think the bigger means for th broader economy, right, because credit is really enomy. it makes the whole economy run. and the more nervous bankers