DATE: May 8, 2023
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: First Republic Bank

As you may know, First Republic Bank (“FRB”) was recently seized and taken over by the FDIC which subsequently sold the bank’s assets to JP Morgan Chase. In the event that you have issued a company title insurance commitment to FRB before the FDIC seizure, or are closing an imminent FRB transaction, please contact your company underwriter to discuss our underwriting requirements prior to the closing of any such transaction and/or the issuance of any company policies of title insurance.