First Republic to close 21 branches

A First Republic branch on El Camino Real in Palo Alto. Post file photo.

By the Daily Post staff

JPMorgan Chase said it will close 21 of the 84 branches it acquired during its takeover of the troubled First Republic Bank.

JPMorgan didn’t say which branches will close, but said they’ll close before the end of the year.

“These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office,” JPMorgan said. “Clients should expect to continue to receive the same level of service with seamless access to their money.”