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First Republic (NYSE:FRC). The San Francisco-based bank, which has been facing increased withdrawals after Silicon Valley Bank, Silvergate Bank, and Signature Bank failed in March, said it’s taking the measure due to prudent oversight. Recall that in mid-March, 11 of the U.S.’s largest banks agreed to deposit a total of $30B in First Republic (FRC) to help stabilize the bank. The company had suspended the dividend on its common stock on March 16 to conserve cash.