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https://www.barrons.com/articles/first-republic-stock-7106ea8a

First Republic Stock Falls Again. But PacWest, Other Regional Banks Boosted by Deposit Inflows.

By
Brian Swint
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Shares of First Republic Bank fell again in the Wednesday premarket after having plunged to a record low following its results.

First Republic (ticker: FRC) was down 2% at $7.97 in premarket trading after dropping 49% Tuesday. The lender had said that its deposits declined more than 40% in the first quarter and revealed plans to cut as much as 25% of its workforce. The bank is also looking to sell $50 billion to $100 billion in assets to shrink its balance sheet, Bloomberg reported. First Republic was contacted for a comment.

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