As a long time customer of First Republic, I know them to be sound and very well managed. They are not Silicon Valley, which is also a good bank with a very val

As a long time customer of First Republic, I know them to be sound and very well managed. They are not Silicon Valley, which is also a good bank with a very valuable franchise I expect money center banks to be vying to acquire from the FDIC shortly, with some undertakings from FDIC, and all depositors to be protected. These two banks are very different in their balance sheets. As to First Republic, the concern is way overblown and I'm going to buy some First Republic stock tomorrow, as this price is ridiculous now.