https://www.siliconvalley.com/2023/05/02/why-the-first-republic-bank-failure-is-different/

First Republic Bank, based in San Francisco, has shut its doors. But this bank failure is different from another recent failure — the March closure of Silicon Valley Bank — in that depositors knew on the day of the announcement how they could access their funds, even if their balances were outside federal insurance limits, according to a JPMorgan Chase press release.

Here’s a look at how the two bank failure announcements compare, and what you should know to protect your deposit accounts in the event of a future bank failure.