JPMorgan Chase is poised to acquire the assets of First Republic Bank (FRB), after regulators closed the bank on May 1. JPMorgan and several other banks had submitted bids to acquire the troubled bank's assets after early efforts to rescue it failed. As part of the purchase and assumption agreement with the FDIC, JPMorgan will take on all of FRB's assets, including uninsured deposits. With $229.1 billion in assets and $103.9 billion in deposits, FRB was a significant acquisition for JPMorgan. In addition to acquiring the bank's assets, JPMorgan also entered into a loss-sharing agreement with the FDIC for residential...