Motley Fool
After what has been a brutal month for the bank, shares of First Republic (NYSE: FRC) rebounded this week and were trading about 11% higher as of 1:43 p.m. ET on Thursday, according to data from S&P Global Market Intelligence. First Republic got caught up in some of the same issues that ultimately brought down SVB Financial and Signature Bank earlier this month. Namely, it had a lot of uninsured deposits and billions in unrealized losses in its bond portfolio that could wipe out a substantial amount of shareholder equity if the bank ever had to sell these bonds to cover deposit outflows.