The Consolidation of the Banking Industry

First republic bank has been taken over by federal regulators And will be sold to JP Morgan Making it the third Major bank to go under in less than two months With $229 billion in total assets At the time of closure, first republic bank has become The second largest bank failure In American history, 90 days apart. First republic's 84 branches and eight states Will reopen Monday as branches of JP Morgan Chase Tom Well, some of you may walk down the street In quaint little towns And you'll notice a garage sale Maybe find an old baseball card there Jamie Diamond on the weekend Walk down the street and buy banks and this is the case This is just... Oh, there's first republic Do you take