First Republic Stock Halted After Bank's Seizure By FDIC
at 9:31 a.m. EDT. First Republic Bank's shares are halted following news that regulators seized the bank and sold its operations to JPMorgan.
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The stop was implemented at 6:39 am. According to the website of the New York Stock Exchange, trading halted at 6:39 a.m. ET. Exchange operator cited "regulatory concerns" as the cause for stopping trading. The trading of instruments tied to the preferred stock of the bank was also stopped.
FactSet reports that First Republic stock had fallen 34% in the last few weeks before it was halted.