Tag Archives: First Republic Bank

Due to financial instability, Sac City, Iowa-based Citizens Bank has been placed in receivership by the FDIC, marking the fifth U.S. bank failure reported this year.

First Republic Bank, with assets of $229B, was taken over by the FDIC and purchased by JPMorgan Chase.

Succeeding Adam Pollitzer, who was promoted to President and CEO, Mallela tapped to expand NMI’s growth and capital strategies.