First Republic Bank saw more than $100B of withdrawals this year

First Republic Bank was one of the victims of the US bank panic that gripped markets in March. It's back in the news with dismal figures for the first quarter of the year. Deposits dropped by 40%, but the bleeding has since stopped and withdrawals have leveled out. Now, total deposits stand at $102 billion. That's almost what they were in March last year. Bank officials on an earnings call have expressed appreciation for the $30 billion pumped into the regional bank by America's largest financial behemoths in a deal brokered by the federal government. These big banks were willing to spend big to avoid a wider crisis in the sector.
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