WASHINGTON, May 2 -- Rep. Patrick T. McHenry, R-North Carolina, chairman of the House Financial Services Committee, issued the following statement on May 1, 2023:

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House Financial Services Committee Chairman Patrick McHenry (NC-10) issued the following statement after the Federal Deposit Insurance Corporation (FDIC) announced actions to place First Republic Bank into receivership and the assumption of First Republic's assets and deposits by JP Morgan Chase Bank:

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