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The crisis involving First Republic may impact investor exposure to regional bank ETFs as potential regulatory changes and industry consolidation could affect the wider US regional banking sector. JP Morgan Chase ($JPM@US) acquired the troubled regional bank early Monday morning after regulators seized it. Shares of First Republic are down 97 percent so far this year. Shares of First Republic are down 97 percent so far this year, and the bank received a $30 billion bailout in March. The government's decision to protect uninsured deposits will have significant implications for the banking industry.

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