How Does JPMorgan Acquiring First Republic Affect My Business?

Did you hear? Around mid-day yesterday, May 1, 2023, it was announced that JPMorgan Chase & Co. (JPM) would acquire First Republic Bank (FRC) for $10.6 billion.

Today’s article takes a look at the pros and cons of what happens when a large bank acquires a small bank and the impact on the small businesses that bank with them.

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