First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic saw total assets more than double from $102 billion at the end of 2019’s first quarter. But a vast majority of the bank’s deposits are uninsured, fueling concerns among analysts and investors. (Associated Press)

NEW YORK — Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday.

San Francisco-based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors have grown increasingly worried that the bank may not survive as an independent entity for much longer. The bank’s stock closed at $3.51 on Friday, a fraction of the roughly $170 a share it traded for a year ago.