Do you own or have you held shares in First Republic Bank? If yes, please visit us First Republic Bank shareholder investigation or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

NEW YORK, March 17, 2023 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is investigating First Republic Bank (“First Republic” or the “Company”) FRC about possible violations by the company of federal securities laws.

If you Own First Republic stock and want to discuss your legal rights and optionsplease visit First Republic Bank shareholder investigation or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.

On March 13, 2023, First Republic caused bank stocks to fall on revelations that the bank may not have adequate liquidity, even after securing emergency funding from other institutions. Despite the emergency funding, Raymond James downgraded the stock, emphasizing the risk of cash outflows for First Republic. In downgrading the stock, Raymond James stated: “[d]Despite the additional sources of liquidity, we believe deposit balances will remain under pressure in the near term. While we believe the bank received some deposit inflows during Thursday’s SVB bank run, additional panic among large depositors may have pushed deposit balances lower since Thursday.”

As a result of this news, First Republic common stock fell $50.55 per share, or over 61%, to close at $31.21 per share on March 13, 2023.

Since 1993, Bernstein Liebhard LLP has collected over $3.5 billion for its clients. In addition to representing individual investors, the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and conduct litigation on their behalf. Due to its success in litigating hundreds of court cases and class actions, the firm has been named to the National Law Journal’s “Hot List” of plaintiffs thirteen times and…