{"id":29868,"date":"2023-05-01T17:39:11","date_gmt":"2023-05-01T17:39:11","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/fifth-third-bancorp-bid\/"},"modified":"2023-05-01T17:44:00","modified_gmt":"2023-05-01T17:44:00","slug":"fifth-third-bancorp-bid","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/fifth-third-bancorp-bid\/","title":{"rendered":"Fifth Third Bancorp bid for First Republic before sale to JPMorgan -sources"},"content":{"rendered":"

By Anirban Sen and David French<\/p>\n

NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to JPMorgan Chase & Co, people familiar with the matter said. <\/p>\n

PNC Financial Services Group and Citizens Financial Group Inc were the other final-round bidders for First Republic, Reuters has previously reported. <\/p>\n

Earlier on Monday, JPMorgan emerged as the winner of a weekend auction of First Republic Bank, in a deal that followed the troubled lender being taken over by the Federal Deposit Insurance Corporation (FDIC). <\/p>\n

The terms of Fifth Third’s offer could not be learned. The sources requested anonymity because the matter is confidential. Fifth Third and the FDIC did not immediately respond to a request for comment. <\/p>\n

\n

(Reporting by Anirban Sen and David French in New York; Additional reporting by Saeed Azhar in New York and Peter Schroeder in Washington, D.C.; Editing by Greg Roumeliotis)<\/p>\n

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By Anirban Sen and David French NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to JPMorgan Chase & Co, people familiar with the matter said. PNC Financial Services Group and Citizens Financial Group Inc were the other final-round […]<\/p>\n","protected":false},"author":8,"featured_media":29869,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-29868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ400QA-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=29868"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29868\/revisions"}],"predecessor-version":[{"id":29870,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29868\/revisions\/29870"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/29869"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=29868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=29868"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=29868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}